Relaxo Footwears Q1 Results Live : profit falls by 21.22% YOY
Relaxo Footwears Q1 Results Live : Revenue increased by 1.27% YoY & profit decreased by 21.22% YoY
Relaxo Footwears Q1 Results Live : Relaxo Footwears announced their Q1 results on 31 Jul, 2024, with a 1.27% increase in revenue but a 21.22% decrease in profit compared to the same period last year.
The company saw a marginal growth of 0.13% in revenue from the previous quarter, while experiencing a significant 27.72% drop in profit.
Selling, general & administrative expenses went up by 9.66% sequentially and 12.48% year-on-year.
Operating income took a hit, declining by 26.99% quarter-on-quarter and 18.05% year-on-year.
The Earnings Per Share (EPS) for Q1 stood at ₹1.78, reflecting a 21.24% decrease from the previous year.
In terms of stock performance, Relaxo Footwears delivered returns of 1.5% in the last week, 1% in the last 6 months, and -3.85% year-to-date.
The company currently boasts a market capitalization of ₹21668.98 Cr, with a 52-week high/low of ₹974 & ₹758.25 respectively.
Out of the 12 analysts covering the company as of 01 Aug, 2024, 1 analyst rated it as Strong Sell, 3 as Sell, 5 as Hold, and 3 as Buy.
The consensus recommendation as of 01 Aug, 2024, was to Hold the stock.
Relaxo Footwears Financials
| Period | Q1 | Q4 | Q-o-Q Growth | Q1 | Y-o-Y Growth |
|---|---|---|---|---|---|
| Total Revenue | 748.19 | 747.21 | +0.13% | 738.82 | +1.27% |
| Selling/ General/ Admin Expenses Total | 109.56 | 99.91 | +9.66% | 97.4 | +12.48% |
| Depreciation/ Amortization | 39.11 | 38.46 | +1.69% | 34.59 | +13.07% |
| Total Operating Expense | 688.4 | 665.32 | +3.47% | 665.86 | +3.39% |
| Operating Income | 59.79 | 81.89 | -26.99% | 72.96 | -18.05% |
| Net Income Before Taxes | 60.33 | 82.29 | -26.69% | 75.77 | -20.38% |
| Net Income | 44.37 | 61.39 | -27.72% | 56.32 | -21.22% |
| Diluted Normalized EPS | 1.78 | 2.46 | -27.64% | 2.26 | -21.24% |
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