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Moneycontrol Pro Ideas For Profit: Here’s why Relaxo Footwears is in focus

Updated : June 18, 2021 12:03:30 IST

Relaxo Footwears posted better than expected Q4 performance with revenues growing 38 percent, mainly driven by the easing of restrictions.

Profitability has doubled on a year-on-year basis driven by operating leverage.

The second wave of COVID-19 would have impacted the demand in the near-term, but with the number of COVID-19 infections coming down recently, and several states beginning to unlock along with an improvement in the number of vaccinations, it would definitely contribute to a significant improvement in mobility, leading to a strong recovery in footwear demand, going ahead.

Relaxo’s product portfolio of open footwear and presence in the value segment is more suitable in times of COVID-19, where most of the consumers are working from home and there is a tendency to downtrend.

In the special segment of ‘Moneycontrol Pro Ideas For Profit’, moneycontrol.com’s Bharat Gianani gets more details on the company’s performance, going forward.

Watch the video for more.

Disclaimer: The views and investment tips expressed by investment experts on CNBCTV18.com are their own and not that of the website or its management. CNBCTV18.com advises users to check with certified experts before taking any investment decisions.
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