Relaxo Footwear (Relaxo) is engaged in manufacturing and trading of footwear primarily made up of vulcanized/ moulded rubber
Company’s major revenue consists of ~20%, ~35% and ~35% from Bahamas, Sparx and Flite respectively.
Relaxo has nine manufacturing plants across India with a capacity of over 7,75,000 lakh pairs/day.
Company has ~300 exclusive brand outlets (EBOs, all owned by Relaxo) and more than 50,000 distributors. Its strategy to open franchisee stores (asset light) bodes well for PAT growth
GST rate cut to 5 % will boost the profit in coming months