Relaxo Footwears Q4 Results

Relaxo Footwears has released its fourth quarter FY24 results today on May 9. The company's consolidated net profit has declined by 3 percent on an annual basis in the January-March quarter.

The company has earned a profit of Rs 61.4 crore during this period. The company's profit in the same quarter of the last financial year was Rs 63.3 crore.

Amidst the results, there has been a slight decline of 0.19 percent in the shares of the company and this stock closed at the price of Rs 843.45. The market cap of the company is Rs 20,996 crore.

How were the quarterly results of Relaxo Footwears?

Relaxo Footwears said in a regulatory filing that the company's total revenue declined 2.3 per cent to Rs 747.2 crore from Rs 764.9 crore in the year-ago quarter.

EBITDA increased by 117.9 percent to Rs 120.4 crore in the March quarter. At the same time, EBITDA margin was 16.1 percent.

Relaxo Footwears declared dividend

Relaxo Footwears has declared dividend for its shareholders. The company has recommended a dividend of Rs 3 per share for the financial year ending March 31, 2024.

This is 300 percent of the face value. However, it will need the approval of shareholders in the upcoming Annual General Meeting.

How has been the performance of Relaxo Footwears shares?

Shares of Relaxo Footwears have a 52-week high of Rs 974 and a 52-week low of Rs 762.50.

The stock has given a return of 2 percent in the last one month. However, it has declined by 6 percent in the last 6 months.

The company's shares have fallen 6 percent so far this year. It has seen a decline of 2 percent in the last one year. At the same time, its investors have got 94 percent returns in the last 5 years.