Relaxo Footwears Limited · NSE:RELAXO
Relaxo Footwears — Q4 FY2025 Earnings Presentation
33 slides from Relaxo Footwears's earnings presentation, May 9, 2025
Slide 1: Filing cover letter to BSE and NSE
May 9, 2025 BSE Ltd. National Stock Exchange of India Ltd Corporate Relationship Department Listing Department, Phiroze Jeejeebhoy Towers Dalal Exchange Plaza, C-1, Block G, Street Bandra Kurla Complex, Mumbai – 400 001 Bandra (E), Mumbai - 400 051 Scrip Code – 530517 Symbol – RELAXO Sub: Investor P
Slide 2: Investor Presentation Q4 & FY25
INVESTOR PRESENTATION Q4 & FY25 May 2025
Slide 3: Safe Harbor
Safe Harbor This presentation and the accompanying slides (the “Presentation”), which have been prepared by Relaxo Footwears Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any secu
Slide 4: Index
Index Page No. 1. Company Overview 04 2. Quarterly Performance at a Glance 11 3. Annual Financial Highlights 16 4. Industry Overview 24 5. Key Strengths 26 6. Annexures 28 Slide 3 of 31
Slide 5: Company Overview
Company Overview
Slide 6: Moving Forward, Gaining Momentum
Moving Forward, Gaining Momentum 8 Slide 5 of 31
Slide 7: Diversified Portfolio with Strong Identities
Diversified Portfolio with Strong Identities It’s In Me Slide 6 of 31
Slide 8: Efficient Customer Reach across Channels
Efficient Customer Reach across Channels Distribution Channels ~650 70,000+ Pan-India Distributors Retailers/ Multi-Brand Outlets 418 Exclusive Brand Outlets (EBOs) ~36 1 Countries Exported to Overseas office in Dubai Slide 7 of 31
Slide 9: Sustained Manufacturing Excellence, Certification & Innovation
Sustained Manufacturing Excellence, Certification & Innovation Strong in-house manufacturing capabilities Committed to provide Best in Class footwear • In-house manufacturing helps in maintaining the end to end quality 9 ~10.5 Lakh • Monitor every stage of the manufacturing process – Designing Manuf
Slide 10: Distinguished Board of Directors
Distinguished Board of Directors Executive Directors Independent Directors Ramesh Kumar Dua , Chairman & Managing Director Kuldip Singh Dhingra, Independent Director • 48 years of experience in strategy, sales and marketing, production and new product development in the footwear industry • 51 years
Slide 11: And a Strong Management Team
And a Strong Management Team Ritesh Dua, Executive Vice President - Finance Nitin Dua, Executive Vice President - Retail MBA having over 24 years of experience in Finance, HR & IT MBA having over 20 years of experience in Retail Business Rahul Dua, Executive Vice President - Manufacturing Sushil Bat
Slide 12: Quarterly Performance at a Glance
Quarterly Performance at a Glance
Slide 13: Q4 & FY25 Financial Highlights – Profit and Loss (1/2)
Q4 & FY25 Financial Highlights – Profit and Loss (1/2) Revenue (₹ in Cr.) No. of Pairs sold (in Cr.) 2,914 2,790 19.5 17.8 5.0 4.5 747 695 Q4FY24 Q4FY25 FY24 FY25 Q4FY24 Q4FY25 FY24 FY25 Average Realization per pair (in ₹) 500 EBITDA (₹ in Cr.) & Margin (%) 20. 0% 14.0% 450 18. 0% 400 13.7% 16. 0% 3
Slide 14: Q4 & FY25 Financial Highlights – Profit and Loss (2/2)
Q4 & FY25 Financial Highlights – Profit and Loss (2/2) 400 EBIT (₹ in Cr.) & Margin (%) 15. 0% PBT (₹ in Cr.) & Margin (%) 400 15. 0% 350 13. 0% 9.9% 350 13. 0% 9.0% 300 11. 0% 300 9.2% 11. 0% 8.2% 250 9.0 % 250 9.0 % 200 7.0 % 200 7.0 % 288 150 5.0 % 251 269 150 5.0 % 11.6% 11.6% 11.0% 100 3.0 % 10
Slide 15: Quarterly Trend – Profit and Loss (1/2)
Quarterly Trend – Profit and Loss (1/2) Revenue (₹ in Cr.) No. of Pairs sold (in Cr.) 747 748 5.0 5.0 4.3 4.5 695 4.0 679 667 Q4FY24 Q1FY25 Q2FY25 Q3FY25 Q4FY25 Q4FY24 Q1FY25 Q2FY25 Q3FY25 Q4FY25 Average Realization per pair (in ₹) EBITDA (₹ in Cr.) & Margin (%) 140 20. 0% 120 16.1% 16.1% 18. 0% 13.
Slide 16: Quarterly Trend – Profit and Loss (2/2)
Quarterly Trend – Profit and Loss (2/2) 120 EBIT (₹ in Cr.) & Margin (%) 15. 0% 120 PBT (₹ in Cr.) & Margin (%) 15. 0% 13. 0% 13. 0% 11.6% 100 100 11.6% 11.0% 10.8% 11. 0% 11. 0% 80 80 8.7% 9.0 % 9.0 % 8.0% 8.1% 60 7.5% 7.0 % 60 7.3% 6.7% 7.0 % 87 81 5.0 % 82 5.0 % 75 40 40 65 60 55 50 50 3.0 % 3.0
Slide 17: Annual Financial Highlights
Annual Financial Highlights
Slide 18: Annual Financial Highlights – Profit and Loss (1/2)
Annual Financial Highlights – Profit and Loss (1/2) Revenue (₹ in Cr.) No. of Pairs sold (in Cr.) 19.5 17.1 17.8 2,783 2,914 2,790 FY23 FY24 FY25 FY23 FY24 FY25 Average Realization per pair (in ₹) EBITDA (₹ in Cr.) & Margin (%) 161 156 14.0% 148 13.7% 12.1% 407 382 336 FY23 FY24 FY25 FY23 FY24 FY25
Slide 19: Annual Financial Highlights – Profit and Loss (2/2)
Annual Financial Highlights – Profit and Loss (2/2) EBIT (₹ in Cr.) & Margin (%) PBT (₹ in Cr.) & Margin (%) 9.9% 9.2% 8.2% 9.0% 8.2% 7.5% 288 251 269 229 210 230 FY23 FY24 FY25 FY23 FY24 FY25 PAT (₹ in Cr.) & Margin (%) Cash PAT (₹ in Cr.) & Margin (%) 12.0% 11.8% 6.9% 10.1% 5.6% 6.1% 350 328 200 2
Slide 20: Annual Financial Highlights – FY25 Revenue Mix
Annual Financial Highlights – FY25 Revenue Mix Brand-Wise Revenue Mix Brand-Wise Volume Mix Hawai Flite Sparx Hawai Flite Sparx 16% 23% 40% 45% 39% 37% Channel-Wise Revenue Mix Region-Wise Revenue Mix * General Trade New Channel Retail Export North East West South 10% 5% 20% 10% 75% 10% 51% 19% * Fo
Slide 21: Annual Financial Highlights – Balance Sheet
Annual Financial Highlights – Balance Sheet (₹ in Cr.) Net Worth Net Debt ( 292 ) 2,098 ( 266 ) 2,001 ( 151 ) 1,855 FY23 FY24 FY25 FY23 FY24 FY25 Capex Cash Generated from Operations 232 456 464 174 302 62 FY23 FY24 FY25* FY23 FY24 FY25 * Net of Subsidy Slide 20 of 31
Slide 22: Annual Financial Highlights – Key Financial Ratios
Annual Financial Highlights – Key Financial Ratios ROE (%) ROCE (%) 10.4% 8.6% 14.7% 8.3% 12.5% 12.0% FY23 FY24 FY25 FY23 FY24 FY25 Current Ratio (x) Fixed Asset Turnover Ratio (x) 2.7 2.7 2.5 2.5 2.4 2.3 FY23 FY24 FY25 FY23 FY24 FY25 Slide 21 of 31
Slide 23: Statement of Profit & Loss – Q4 & FY25
Statement of Profit & Loss – Q4 & FY25 Particulars (₹ in Cr.) Q4FY25 Q4FY24 Y-o-Y Q3FY25 Q-o-Q FY25 FY24 Y-o-Y Revenue from Operations 695.15 747.21 (6.97%) 666.90 4.24% 2,789.61 2,914.06 (4.27%) Other Income 8.09 5.06 6.80 26.96 28.86 Total Income 703.24 752.27 (6.52%) 673.70 4.38% 2,816.57 2,942.9
Slide 24: Balance Sheet
Balance Sheet EQUITY AND LIABILITIES (₹ in Cr.) FY25 FY24 ASSETS (₹ in Cr.) FY25 FY24 Equity Non-Current Assets Equity Share Capital 24.89 24.89 Property, Plant and Equipment 959.75 1,006.30 Other Equity 2073.18 1,976.22 Capital Work-in-Progress 53.21 32.52 2098.07 2,001.11 Intangible Assets 12.99 2
Slide 25: Industry Overview
Industry Overview
Slide 26: Attractive dynamics of the Indian footwear industry
Attractive dynamics of the Indian footwear industry Indian Footwear Market is expected to grow at much faster pace as compared to Asia Pacific & Global Footwear Market Global Footwear Market Size Indian Footwear Market Size Improving share of Organised footwear Asia-Pacific Footwear Market market –
Slide 27: Key Strengths
Key Strengths
Slide 28: Key Strengths
Key Strengths Diversified Product Manufacturing Wide Distribution Product Innovation Portfolio Excellence Network Financial Resilience Distinguished Board Evolving Strong Corporate with Strong Credit and Management Macroeconomic Governance Profile ICRA AA (Long Term) Team Industry Growth drivers A1+
Slide 29: Annexures
Annexures
Slide 30: Awards and Accolades
Awards and Accolades Best Supply Chain Reach Prithvi Awards 2024 India’s Retail Champions 1st Place for Excellent Export Strategy Recognition to Awards Performance (Non-Leather ISCM Supply Chain Ranking Sustainability Icons (Category - Footwear) 2025 Footwear) 2023-2024 2024 Northern Region Export S
Slide 31: Being a Good Corporate Citizen
Being a Good Corporate Citizen Education Parivartan - Model School Project - Developing Govt schools in Haridwar into model schools by providing appropriate infrastructure facilities, developing soft skills, and capacity building for teachers in 104 schools, benefitting approx. 10,000 students Remed
Slide 32: Shareholding Pattern
Shareholding Pattern Shareholding as on 31st March, 2025 Total Shareholders – 2,36,677 2,36,549* Shareholder Information as on (15.14%) Promoter & Promoter Group 31st March 2025 Mutual Funds BSE Ticker 530517 6* (10.52%) Foreign Portfolio Investors NSE Ticker RELAXO 12* (71.27%) Others Market Cap (₹
Slide 33: Thank You
Thank You LY ALLAKO