Relaxo Footwears Limited is an Indian multinational footwear manufacturer based in New Delhi. The company is the largest footwear manufacturer in India in terms of volume and second-largest in terms of revenue. Relaxo Footwears Ltd is an Indian footwear company established in 1976 by Mr. Ramesh Kumar Dua. It was incorporated in 1984, with its headquarters in New Delhi.
The company has established itself as a dominant force in the Indian footwear industry, specializing in non-leather footwear manufacturing. Relaxo Footwears Limited is the largest footwear manufacturing company in India, which deals in non-leather products i.e. rubber/EVA slippers, canvas shoes, sport shoes, sandals, school shoes, and other types of footwear. It is also the leader in 'value' segment footwear.
The company makes products under 10 brands including Flite, Sparx, Bahamas, and Schoolmate. Relaxo Footwears Ltd.'s well-known brands include Relaxo, Flite, Sparx, and Bahamas. Relaxo is synonymous with rubber slippers. Flite is recognized for semi-formal and fashionable slippers. Sparx offers sandals, slippers, and sports shoes, while Bahamas offers a colorful range of casual flip-flops.
The brand portfolio extends beyond the primary four brands to include additional product lines catering to different market segments. Relaxo Footwears Limited offers a diverse portfolio of brands catering to different consumer preferences, including RELAXO, SPARX, FLITE, BAHAMAS, BOSTON, MARY JANE, and KID'S FUN.
Relaxo Footwears Ltd has a strong presence in the Indian market with its products being sold in more than 30,000 retail outlets across the country. With over 70,000 retailers/multi-brand outlets, approximately 650 pan-India distributors, and 399 Exclusive Brand Outlets (EBOs), Relaxo Footwears ensures its products are easily accessible across the country.
The company has embraced modern distribution channels and technological innovation to expand its market reach. The company is in the process of adding new distributors to our network, to ensure Relaxo's presence in each district of the country. To improve our reach and market penetration, we launched a retailer connect initiative through 'Relaxo Parivaar' mobile application. This has shown an encouraging response with reach of over 70,000 retail outlets and has been driving consistent month on month improvement in secondary sales.
The company also exports its products to several countries in the Middle East, Africa, and Europe. Relaxo Footwears exports to around 34 countries and maintains an overseas office in Dubai. This international presence demonstrates the company's capability to compete in global markets while maintaining its strong domestic position.
Relaxo Footwear has a Market Capitalization of ₹11,569 Crore (down -44.0% in 1 year), a Revenue of ₹2,790 Crore, and a Profit of ₹170 Crore. The stock is trading at 5.51 times its book value. The company has delivered a poor sales growth of 2.96% over the past five years.
For the quarter ended March 2025, Net profit of Relaxo Footwears declined 8.42% to ₹56.22 Crore in the quarter ended March 2025, as against ₹61.39 Crore during the previous quarter ended March 2024. Sales declined 6.97% to ₹695.15 Crore in the quarter ended March 2025, as against ₹747.21 Crore during the previous quarter ended March 2024.
For the full year ended March 2025, net profit declined 15.03% to ₹170.33 Crore in the year ended March 2025, as against ₹200.47 Crore during the previous year ended March 2024. Sales declined 4.27% to ₹2,789.61 Crore in the year ended March 2025, as against ₹2,914.06 Crore during the previous year ended March 2024.
The company reported Relaxo Q4 FY25 revenue INR 695 Crore, PAT INR 56 Crore; capex guidance INR 100 Crore; focus on distribution and premiumization. As of May 2025, the company has a market capitalization of ₹10,968.25 Crore.
Over the past 6 months, the Relaxo Footwears share price has decreased by 30.57% and in the last one year, it has decreased by 46.85%. The Relaxo Footwears Ltd's 52-week high share price is ₹887.95 and 52-week low share price is ₹375.35.
The stock has faced significant challenges in recent periods, with Last 12 Months: Relaxo Footwears Ltd share price moved down by 44.25% on BSE. However, there have been some signs of recovery in the near term, with Last 1 Month: Relaxo Footwears Ltd share price moved up by 6.95% on BSE. Last 3 Months: Relaxo Footwears Ltd share price moved up by 11.53% on BSE.
With advanced manufacturing facilities in Haryana, Rajasthan, and Uttarakhand, the company's operations are supported by SAP & SAP HANA. The company has been investing in expanding its manufacturing capacity and infrastructure to support future growth.
In December 2023, the company made a significant investment in expanding its manufacturing footprint. In December 2023, Relaxo Footwears acquired a 30-acre land parcel in Bhiwadi, Rajasthan, for ₹135 Crore.
The company has been focusing on strategic initiatives to drive growth and improve market position. To drive premiumization, we have collaborated with global brands viz. 'Disney' and 'Marvel', launching a new collection featuring 'Disney' and 'Marvel' themes.
Relaxo Footwears has launched its products on quick commerce platforms Blinkit, Zepto, and Swiggy Instamart, allowing customers to receive items like Flite slippers and Bahamas flip-flops in minutes. This initiative enhances Relaxo's omnichannel retail strategy and improves accessibility for consumers across multiple states in India.
Promoter Holding: 71.3%. The company has maintained stable promoter holding, indicating strong management commitment. Appointed Mr. Prince Jain as CFO effective May 16, 2025; updated KMP contact details.
Relaxo Footwears continues to be a significant player in the Indian footwear industry, with its strong brand portfolio, extensive distribution network, and focus on the value segment positioning it well for long-term growth despite recent challenges in financial performance.
