Relaxo Footwears Limited Reports Unaudited Standalone Earnings Results for the Third Quarter and Nine Months Ended December 31, 2015
January 30, 2016 at 09:00 am
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Relaxo Footwears Limited reported unaudited standalone earnings results for the third quarter and nine months ended December 31, 2015. For the quarter, the company reported net sales/income from operations of INR 3,856.750 million against INR 3,306.590 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 420.168 million against INR 329.640 million a year ago. Profit from ordinary activities before tax was INR 362.374 million against INR 290.075 million a year ago. Net profit for the period was INR 244.204 million or INR 2.03 per diluted against INR 199.066 million or INR 1.66 per diluted share for the same period a year ago. EBITDA was INR 546.772 million against INR 431.489 million a year ago.
For the nine months, the company reported net sales/income from operations of INR 12,217.015 million against INR 10,346.620 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 1,403.758 million against INR 993.294 million a year ago. Profit from ordinary activities before tax was INR 1,287.452 million against INR 864.970 million a year ago. Net profit for the period was INR 874.660 million or INR 7.27 per diluted share against INR 603.689 million or INR 5.03 per diluted share for the same period a year ago. EBITDA was INR 1,757.071 million against INR 1,300.257 million a year ago.
Relaxo Footwears Limited is an India-based footwear manufacturing company. The Company operates in three major categories, such as Relaxo & Bahamas (rubber slippers), Flite (EVA and PU Slippers) and Sparx (sports and canvas shoes, sandals and sporty slippers). Its brands include Relaxo, Flite, Sparx, Bahamas, Boston, Mary Jane, and Kid's Fun. Relaxo is a brand synonymous with rubber slippers, which is a footwear for all segments of society and Flite is a range of semi- formal slippers. Sparx offers sports shoes, sandals and slippers. Bahamas offers flip flops. Boston is a formal footwear for men. MaryJane offers a range of footwear for the modern women. Kid's Fun offers footwear for kids. It offers shoes, such as formals, casuals, running, athleisure, walking and training and gym. Its sandals and slippers include Sandals & Clogs, Flip Flops & Slides and Chappals & Slippers. It also operates more than 350 network of own retail outlets, with availability on all e-commerce portals.