Lehar Footwears Limited announced its financial results for Q2FY27 and H1FY27 through a press release dated November 2, 2026. The company reported quarterly revenue of ₹100.1 crore, representing a 29% decrease from Q2FY26 revenue of ₹140.5 crore and a 33% increase from Q1FY27 revenue of ₹75.0 crore.

Financial Performance

Revenue Breakdown:

  • Footwear segment: ₹100.1 crore in Q2FY27 (compared to ₹36.1 crore in Q2FY26 and ₹58.2 crore in Q1FY27)
  • Toolkit segment: ₹0.0 crore in Q2FY27 (compared to ₹104.4 crore in Q2FY26 and ₹16.8 crore in Q1FY27)
  • Total revenue for FY26: ₹431.1 crore

Profitability Metrics:

  • EBITDA: ₹9.1 crore in Q2FY27 (₹12.6 crore in Q2FY26, ₹7.0 crore in Q1FY27)
  • EBITDA margin: 9.0% in Q2FY27 (9.0% in Q2FY26, 9.4% in Q1FY27)
  • Depreciation: ₹1.7 crore in Q2FY27 (₹1.4 crore in Q2FY26, ₹1.6 crore in Q1FY27)
  • Finance cost: ₹1.5 crore in Q2FY27 (₹1.2 crore in Q2FY26, ₹1.4 crore in Q1FY27)
  • PBT: ₹6.1 crore in Q2FY27 (₹10.1 crore in Q2FY26, ₹4.0 crore in Q1FY27)
  • Income tax: ₹1.5 crore in Q2FY27 (₹2.8 crore in Q2FY26, ₹1.0 crore in Q1FY27)
  • PAT: ₹4.6 crore in Q2FY27 (₹7.3 crore in Q2FY26, ₹3.0 crore in Q1FY27)
  • PAT margin: 4.6% in Q2FY27 (5.2% in Q2FY26, 4.0% in Q1FY27)

Operational Highlights

Footwear Segment Performance:

  • Core footwear segment showed healthy traction driven by both open footwear and sports shoes segments
  • OEM sales picked up along with company's own brands "Lehar" and "Rannr"
  • Export performance improved but remains impacted by ongoing geopolitical disruption affecting shipment schedules and order flows
  • All supplies against orders under PM Vishwakarma Scheme were completed in Q1, resulting in no toolkit sales in Q2

Athleisure Segment Developments:

  • New sports shoes manufacturing facility commissioned at Kundli, Haryana
  • Production capacity increased by 150% from 1 lakh to 2.5 lakh pairs per month
  • Phased expansion plan to reach 5 lakh pairs per month capacity
  • Technology-enabled facility with in-house design studio
  • Expected to strengthen ability to cater to larger OEM orders, accelerate product development, and expand presence in domestic and international sports footwear markets

Brand Ambassador Appointment:

  • Appointed Bollywood actor Rajkummar Rao as brand ambassador for in-house athleisure brand Rannr
  • Aimed at enhancing brand visibility, strengthening consumer connect, and accelerating brand recognition across India's growing sports and athleisure footwear market

Open Footwear Segment:

  • Domestic sales were stable amidst modest consumer sentiments due to high inflation and other macro disturbances
  • Increasing presence across large format stores including D-mart and Reliance Retail expected to be new growth levers for this business segment

Management Commentary

Mr. Raj Kumar Agarwal, Chairman of Lehar Footwears Limited, stated: "We are pleased with the strong performance of our core footwear business, which continues to witness healthy traction across OEM and own-brand segments. With the commissioning of our new sports footwear facility at Kundli, we have significantly enhanced our manufacturing capabilities, positioning us to capture larger OEM opportunities and strengthen our presence in the growing athleisure market. The launch of Rannr, supported by our brand ambassador Rajkummar Rao, further strengthens our consumer-focused strategy. Going forward, we remain focused on sustainable growth, expanding our customer base and improving our product mix."

Company Background

Lehar Footwears Ltd. is a leading regional mass-footwear manufacturer of high quality and stylish non-leather footwear since 1995. The company sells products under 'Lehar' and 'Rannr' brands through trade distribution channels, retail multi-brand outlets, export markets, government schemes, and e-commerce marketplaces. The company has 5 manufacturing facilities situated at Jaipur, Kaladera (Chomu), and Kundli (Haryana).