Relaxo Footwears Q2 Results Live : Relaxo Footwears declared their Q2 results on 08 Nov, 2024, revealing a challenging quarter for the company. The topline decreased by 5.03% compared to the same quarter last year, while profit saw a more significant decline of 16.88% YoY.
In comparison to the previous quarter, Relaxo’s revenue experienced a decline of 9.2%, with profit decreasing by 17.22%. This downward trend raises concerns about the company’s short-term performance amid a competitive market landscape.
The company’s Selling, General & Administrative expenses showed a slight decline of 3.06% quarter-over-quarter but increased by 10.92% year-over-year, indicating rising operational costs that may be impacting profitability.
Operating income also took a hit, dropping by 19.87% quarter-over-quarter and 12.22% year-over-year. The Earnings Per Share (EPS) for Q2 stood at ₹1.48, marking a 16.85% decrease from the same period last year.
In terms of stock performance, Relaxo Footwears has delivered a modest return of 0.89% over the last week. However, the longer-term outlook appears bleak with a decline of 7.57% over the past six months and a substantial drop of 13.81% year-to-date.
Currently, Relaxo Footwears has a market capitalization of ₹19,386.09 Cr. The stock has seen a 52-week high of ₹949 and a low of ₹733.6, reflecting significant volatility in its market performance.
Looking ahead, analysts seem divided on the stock’s potential. Out of 12 analysts covering Relaxo, only 1 has issued a Strong Sell rating, 3 have recommended Sell, 5 have suggested Hold, and 3 have given Buy ratings. The consensus recommendation as of 09 Nov, 2024, remains to Hold.
Relaxo Footwears Financials
| Period | Q2 | Q1 | Q-o-Q Growth | Q2 | Y-o-Y Growth |
|---|---|---|---|---|---|
| Total Revenue | 679.37 | 748.19 | -9.2% | 715.32 | -5.03% |
| Selling/ General/ Admin Expenses Total | 106.21 | 109.56 | -3.06% | 95.75 | +10.92% |
| Depreciation/ Amortization | 39.75 | 39.11 | +1.64% | 36.94 | +7.61% |
| Total Operating Expense | 631.46 | 688.4 | -8.27% | 660.74 | -4.43% |
| Operating Income | 47.91 | 59.79 | -19.87% | 54.58 | -12.22% |
| Net Income Before Taxes | 49.57 | 60.33 | -17.84% | 60.38 | -17.9% |
| Net Income | 36.73 | 44.37 | -17.22% | 44.19 | -16.88% |
| Diluted Normalized EPS | 1.48 | 1.78 | -16.85% | 1.78 | -16.85% |