Relaxo Footwears Ltd

ESOP grant details

• NRC approved grant of 5,03,500 ESOPs under Phase-V of RFL ESOP Plan-2014 to eligible employees.
• Options are convertible into an equal number of equity shares with face value Re 1.
• Exercise price will be latest closing price prior to the grant date on the exchange with highest volume.
• All vested options are exercisable within four years from the vesting date.
• Vesting status for these options is not applicable.
• Total shares covered by the grant are 5,03,500.
• ESOP 2014 is administered by the Nomination and Remuneration Committee; eligibility criteria apply.
• No options exercised or money realized to date.
• Annexure with regulatory disclosures attached per SEBI LODR requirements.
• Meeting date: August 13, 2026.

Business Overview

• Core business: Indian footwear manufacturer with in-house production across 9 facilities.
• Capacity recalibrated to 9.1 lakh pairs/day as of Aug 13, 2026 board decision.
• Pan-India distribution: ~630 General Trade distributors, 429 exclusive brand outlets (EBOs); exports to ~37 countries.
• Overseas presence with Dubai office; AJIO and Meesho partnerships.

Operational Highlights

• Q1 FY27 revenue ₹705.05 Cr; YoY growth 7.73%.
• Q1 FY27 EBITDA ₹108.23 Cr; margin 15.35%.
• Q1 FY27 PAT ₹54.94 Cr; margin 7.79%.
• FY26 revenue ₹2,702.16 Cr; EBITDA ₹373.98 Cr; PAT ₹179.27 Cr.
• FY26 EBITDA margin 13.84%; PAT margin 6.63%.
• Capacity recalibration to 9.1 lakh pairs/day per Aug 13, 2026 board outcome.

Financial Position

• Total assets FY26 ₹2,948.94 Cr; Net worth ₹2,206.36 Cr; cash ₹17.69 Cr.
• Borrowings nil; lease liabilities ₹187.67 Cr (non-current) and ₹44.98 Cr (current).
• Exports and distribution support liquidity; no borrowings reported.

Capital Structure & Liquidity

• Market cap ₹10,100.68 Cr; EV ₹10,096 Cr; free float 28.73%; shares outstanding 24.89 Cr.
• 52-week high ₹518.85; low ₹237.90; 3M ADTV 12,56,177 shares.

Strategic Priorities & Governance

• Strategy: scale via in-house manufacturing; expand channels (GT, EBO, e-commerce); strengthen exports.
• Leadership: Ramesh Kumar Dua (Chairman & MD); Gaurav Kumaar Dua (Co-CEO); Amit Roy (CFO).
• Certifications and IP: ISO 9001/14001/45001/27001; 87 trademarks; 13 copyrights; 1,390 designs.

Business overview

• Diversified, in-house footwear manufacturer across India with 9 facilities.
• Pan-India distribution network: ~630 distributors and 429 EBOs.
• Exports to ~37 countries; online/offline channels incl. AJIO, Meesho.
• Board-approved capacity recalibration to 9.1 lakh pairs/day (Aug 13, 2026).
• ISO and other certifications; strong governance and brand IP portfolio.

Key operational highlights

• Capacity recalibrated to 9.1 lakh pairs/day; upgrading facilities (RFL-I & II).
• In-house manufacturing enables end-to-end quality control.
• Strong e-commerce and modern trade reach; dedicated lines for fast-moving SKUs.

Financial performance

• Q1 FY27 revenue ₹705.05 Cr; EBITDA ₹108.23 Cr; PAT ₹54.94 Cr.
• Q1 FY27 EBITDA margin 15.35%; PAT margin 7.79%.
• FY26 revenue ₹2,702.16 Cr; EBITDA ₹373.98 Cr; PAT ₹179.27 Cr; margins as noted.

Capital structure & liquidity

• No borrowings reported; cash & cash equivalents ₹17.69 Cr.
• Equity ₹24.89 Cr; total equity & liabilities ₹2,948.94 Cr (FY26).
• ICRA AA/A1+ ratings; robust balance-sheet metrics.

Strategic priorities & outlook

• Focus on fashion-forward, value-driven growth through diversified product mix.
• Continued manufacturing efficiency; cost optimization; lean operations.
• Strengthen distribution and online channels; expand overseas presence.

Governance & leadership

• Board includes Ramesh Kumar Dua (Chairman & MD) and Co-CEOs; strong management team.
• Shareholder base shows free float ~28.7%; governance with independent directors.

Financial Highlights

• Q1 FY27 revenue Rs 705 crore, up 7.7% YoY.
• EBITDA Rs 108 crore, up 8.8% YoY; margin 15.4%.
• PAT Rs 55 crore; up 12.4% YoY; PAT margin 7.8%.

Strategic Focus & Outlook

• Expansion plan to reach about 500 stores by year end.
• Focus on cost optimization, product mix improvements, and operational efficiencies.
• Positive demand environment; optimistic outlook for growth across channels.

Financial highlights

• Revenue from operations: ₹705.05 Cr; total income: ₹718.01 Cr.
• Total expenses: ₹642.93 Cr; profit before tax: ₹75.08 Cr.
• Tax expense: ₹20.14 Cr; profit for the period: ₹54.94 Cr.
• Basic and diluted EPS: ₹2.21.
• Single operating segment: Footwear and Related Products.
• Limited review by Gupta & Dua; report unmodified.
• Quarter ended 30 June 2026; unaudited results.

Status of transfer and dematerialisation requests

• No transfer/demat requests were received or processed during June 1 to July 31, 2026, under SEBI window.