Lehar Footwears Ltd

Financial performance

• Total income ₹431.1 crore; revenue up ~56% YoY
• PAT ₹20.8 crore; PAT margin 4.8%
• EBITDA ₹38.9 crore; RoCE 20.1%
• EPS ₹11.79; final dividend ₹0.50 per share proposed
• Cash from operations ₹25.3 crore
• CRISIL upgrade to BBB/Stable; A3+ outlook
• Footwear revenue ₹208.7 crore; up 16%
• Q4 footwear growth 27% YoY

Expansion and capacity

• Kundli facility capacity to 5 lakh pairs/month by Sep 2027
• 5x expansion at Kundli; capacity target reached in phases
• Installed fully automated EVA injection moulding and rotary PU injection machinery
• Rannr brand launched; BIS certifications across key categories

Market and product portfolio

• Active SKUs exceed 1,500 across multiple categories
• Pan-India presence: 27 states; 520+ distributors; 20+ export markets
• OEM manufacturing growth; largest order ₹39.70 crore for ~18 lakh pairs
• Rannr expands closed footwear; premium athleisure growth focus

Dividend, liquidity and capital

• Final dividend ₹0.50 per share; record date 3 Sep 2026
• Net debt ₹1,224.35 crore; gearing 1.17x
• Share capital ₹1,767.88 lakh; strong balance sheet indicators

Governance and risk

• Statutory auditors: M/s A. Bafna & Co; no qualifications
• Secretarial auditor: M/s Gaurav G & Associates
• Board: 6 directors; 50% independent; 13 meetings in FY2025-26
• Vigil mechanism and Code of Conduct in place

CSR and ESG

• CSR spend ₹26.94 lakh; 2% average net profit; CSR obligation ₹19.96 lakh
• Lehar Foundation drives CSR; multiple projects across districts
• Installed solar: 200 kW rooftop; 600 kW + 200 kW plants
• Energy-conservation capex ₹1.49 crore

Outlook and risks

• Indian footwear market solid long-term growth; GST relief aids affordability
• Risks: raw material volatility; competition; global trade dynamics
• Focus on branded growth, OEM expansion, capacity augmentation
• RANNR and OEMs provide revenue visibility

Subject / Purpose

• Press release on limited review financial results for quarter ended June 30, 2026.

Financial highlights

• Footwear revenue grew 9% YoY to ₹58.1 crore in Q1FY27.
• EBITDA margin rose to 9.4% in Q1FY27, up 50 bps YoY.

Key business developments

• D2C site rannr.com launched; presence on Flipkart, Myntra and Amazon.
• New OEM customers Shein and HRX onboarded; OEM sports-shoe supply expanding.
• Trade distribution expanding to D-mart and Reliance Retail.
• Kundli facility capacity to ~2 lakh pairs/month; operations from September 2026.
• Toolkit business delivered 2.5 lakh toolkits; first-phase PM Vishwakarma order received.

Outlook and risks

• Second half expected to be stronger; OEM order of ₹40+ crore next quarter.
• Kundli capacity to be commissioned ahead of seasonal upswing.
• GST rate reduction supporting festive-season orders.
• Geopolitical export disruptions continue; input and labor costs rising.

Financial results

• Approved unaudited standalone quarterly results for quarter ended 30 June 2026.
• Quarter ended 30 June 2026: net profit ₹301.45 lakh; revenue ₹7,495.36 lakh.
• Results reviewed by Audit Committee and accompanied by Limited Review Report.

CFO appointment

• Mr. Rajesh Gattani appointed Chief Financial Officer, effective 15 September 2026.
• Full-time appointment; Chartered Accountant with 13+ years' experience.
• Previously CFO at Universal Quartz & Natural Stones Pvt. Ltd.

Board reports and AGM

• Board approved the Board's Report for year ended 31 March 2026.
• Approved notice for the 32nd AGM.
• 32nd AGM to be held on 10 September 2026 at Jaipur, 10:30 AM.
• Record date fixed 3 September 2026 for AGM and dividend, if declared.
• Notice and Annual Report to be circulated.

Regulatory notes

• Labour Codes: no material impact; company monitoring applicable rules.

CFO resignation details

• Rakesh Kumar Soni is the resigning CFO.
• Effective date: closure of business hours on 14 July 2026.
• Reason: personal reasons.
• There are no other material reasons for resignation beyond personal reasons.

Dematerialisation/rematerialisation status

• Regulation 74(5) not applicable as entire shareholding is in demat form.
• No rematerialisation requests were received during the quarter ended 30 June 2026.

Lehar Footwears Ltd — Trading Window Closed from Wednesday, 01st July, 2026 till 48 hours after the declaration of Un-audited Financial Results of the Company for the quarter ending on 30th June, 2026

Order details

• Name of the awarding entity not disclosed due to confidentiality.
• Supply of approximately 18 lakh pairs of footwear under OEM arrangement.
• Order size ₹39.70 crores excluding GST.
• Domestic entity awarded the order.
• Execution within 60 days from acceptance of PO.
• Manufacturing at BIS-compliant plants in Rajasthan and Haryana.
• No promoter interest and no related-party transaction.
• Revenue visibility for FY27; supports OEM expansion.