Towards A Robust Performance

One of the most recognised players in the Indian footwear market, Relaxo has exhibited the tenth consecutive quarter of double-digit growth making analysts bullish about the company.  The revenue from operation logged a growth of 14 per cent year-on-year (Y-O-Y) to `622 crore for the second quarter (Q2) of FY2020.  The growth was driven mainly on the back of premiumisation, product mix and price increase in selected categories. The company is into the manufacturing of footwear products like sandals, slippers, sports shoes, school shoes and various other types of footwear categories. The company has nine brands spread across eight states of the art manufacturing plants, where approximately 20 per cent of the portfolio is restyled every year to match in-season launches. The company is leveraging on its e-commerce channel, which grew by 37 per cent Y-o-Y, thereby contributed 4 to...