Financial Performance Overview

Relaxo Footwears Limited reported its unaudited financial results for Q2 FY27 (quarter ended September 30, 2026) and H1 FY27 (half year ended September 30, 2026).

Quarterly Performance (Q2 FY27 vs Q2 FY26)

| Metric | Q2 FY27 | Q2 FY26 | YoY Change |

| Revenue from Operations | ₹702 crore | ₹629 crore | +11.6% |

| EBITDA | ₹85 crore | ₹81 crore | +5.1% |

| EBITDA Margin* | 12.2% | 12.9% | -76 bps |

| Profit After Tax | ₹37 crore | ₹36 crore | +2.2% |

| PAT Margin | 5.3% | 5.8% | -48 bps |

*EBITDA as a % of Revenue from Operations (excluding other income)

Half-Yearly Performance (H1 FY27 vs H1 FY26)

| Metric | H1 FY27 | H1 FY26 | YoY Change |

| Revenue from Operations | ₹1,407 crore | ₹1,283 crore | +9.6% |

| EBITDA | ₹193 crore | ₹181 crore | +7.1% |

| EBITDA Margin* | 13.8% | 14.1% | -32 bps |

| Profit After Tax | ₹92 crore | ₹85 crore | +8.0% |

| PAT Margin | 6.5% | 6.6% | -10 bps |

Management Commentary

Mr. Ramesh Kumar Dua, Chairman and Managing Director, provided the following insights:

  • Performance was supported by diversified brand portfolio and extensive distribution network amid inflationary pressures and soft mass-market demand
  • Margin pressure resulted from raw material price volatility due to continuing conflict in West Asia and higher labor costs
  • Company focused on cost management while making selective investments in brand building, distribution capabilities and retail expansion

Strategic Initiatives and Operational Updates

  • Expanded Exclusive Brand Outlet (EBO) network by adding 16 outlets during Q2 FY27
  • Total EBO network now stands at 445 stores
  • On track to reach 500 EBOs by end of FY27
  • Refreshed EBO store format with improved merchandising, greater product visibility, and dedicated brand zones
  • Enhanced store design facilitates easier navigation and provides better platform for premium offerings

Forward Outlook

  • Focus remains on growing revenue, improving product mix, and driving operating efficiencies
  • Priority on expanding consumer reach through established brands, expanding retail network, and product innovation
  • Company aims to prudently navigate evolving external environment while strengthening business for long term

Additional Information

  • Company describes itself as "India's largest footwear manufacturing company"
  • Results are unaudited financial results for quarter and half year ended September 30, 2026
  • Company CIN: L74899DL1984PLC019097
  • Contact: cs@relaxofootwear.com