Relaxo Footwears Ltd
Relaxo Footwears Q2 FY26 earnings call: Revenue & Margins
Q2 FY26 earnings call: what management said on revenue, margins and capex.
Guidance rank: #79 of 87 in Consumer Durables
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The short version
Company expects growth revival starting from Q4 FY '26, with some growth anticipated in January to March 2026 (Page 5). The company expects recovery starting Q4 FY '26 with potential growth in the January-March quarter after recent muted quarters. - Management anticipates a return to 10%+ top-line growth in FY '27 driven by GST rate reductions improving competitiveness and demand. - EBITDA margins are expected to be supported by continued cost rationalization and operational efficiencies. - PAT and profitability are likely to improve in line with volume-led growth and stable pricing strategies. - No significant impact on margins expected from the inverted duty structure due to GST refund mechanisms. - Capex focus is on maintenance and modernization (approx.
From Relaxo Footwears Ltd's Q2 FY26 earnings-call transcript · updated 23 Aug 2026.
Revenue & Sales Performance
- Company expects growth revival starting from Q4 FY '26, with some growth anticipated in January to March 2026 (Page 5).
- Q3 FY '26 expected to be stable or with a slight decline (-3% to -4%) (Page 5).
- Improvement driven by GST rate reduction making products more competitive against unorganized players (Page 13-14).
- Management optimistic about returning to a 10% plus growth trajectory from next year onwards (FY '27) (Page 13).
- Growth supported by festival demand, GST benefits, and ongoing sales transformation initiatives (Page 4).
- Expect volume-led growth while expanding market share with sustainable profitability (Page 4).
2 more points from Relaxo Footwears Ltd's call on revenue
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Profitability & Margins
See what Relaxo Footwears Ltd said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- Capex guidance for FY 2025-26 and next year is in the range of INR 100-150 crores annually.
- Capex primarily focused on operational improvements such as:
- Maintenance and mould-related expenditures.
- Modernization of warehouses.
- Plant renovations.
- Building the new Head Office (HO).
- No plans to expand production capacity in the next 18 months as current capacity is sufficient.
2 more points from Relaxo Footwears Ltd's call on capex
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Top-ranked in Consumer Durables
Ranked on what management guided this quarter
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Fundraising & Capital Structure
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Order Book & Pipeline
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Relaxo Footwears Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest (Q4 FY26): revenue ₹751 Cr, net profit ₹68 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
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What Relaxo Footwear's management said in earlier quarters
- Q3 FY24 earnings call analysis →
- Q1 FY25 earnings call analysis →
- Q3 FY25 earnings call analysis →
- Q1 FY26 earnings call analysis →
- Q2 FY25 earnings call →
- Q4 FY24 earnings call →
- Q2 FY24 earnings call →
- Q4 FY23 earnings call →
- Q2 FY23 earnings call →
- Q4 FY22 earnings call →
- Q2 FY22 earnings call →
- Q4 FY21 earnings call →
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Potential multibaggers · Q2 FY27
Potential multibaggers in Consumer Durables
on management's own guidance
- Strong growth2
- Strong growth1
- Strong growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
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Frequently Asked Questions
What were Relaxo Footwears Ltd Q2 FY26 results?
Company expects growth revival starting from Q4 FY '26, with some growth anticipated in January to March 2026 (Page 5). The company expects recovery starting Q4 FY '26 with potential growth in the January-March quarter after recent muted quarters. - Management anticipates a return to 10%+ top-line growth in FY '27 driven by GST rate reductions improving competitiveness and demand. - EBITDA margins are expected to be supported by continued cost rationalization and operational efficiencies. - PAT and profitability are likely to improve in line with volume-led growth and stable pricing strategies. - No significant impact on margins expected from the inverted duty structure due to GST refund mechanisms. - Capex focus is on maintenance and modernization (approx.
What is Relaxo Footwears Ltd share price analysis?
Relaxo Footwears Ltd currently shows a neutral. The stock trades at a P/E of 57.8 with a market cap of ₹10,360 Cr. Investors should review the full earnings analysis for detailed insights.
Is Relaxo Footwears Ltd planning capital expenditure?
Capex guidance for FY 2025-26 and next year is in the range of INR 100-150 crores annually.
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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.