Relaxo Footwears Q3 FY26 profit falls 20% to ₹26.5 crore despite stable revenue

Relaxo Footwears Ltd, the country’s largest footwear maker, on Friday reported a decline of 19.6% in its net profit to ₹26.54 crore in the December quarter of FY26 on a year-to-year basis.

It had posted a net profit of ₹33.01 crore in the October-December quarter last fiscal, according to a regulatory filing from Relaxo Footwears.

Relaxo’s revenue from operations was marginally up at ₹668.03 crore in the December quarter under review. It was at ₹666.9 crore in the corresponding period of the previous fiscal.

Total expenses of Relaxo Footwears were at ₹643.07 crore, up 2.22% in Q3 of FY26.

Relaxo Footwear’s total income, which includes other incomes, was at ₹678.99 crore, marginally up in the December quarter.

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Commenting on the results, Relaxo Footwears Managing Director Ramesh Kumar Dua said: “During the quarter, the Company reported stable revenue, after a sequential decline observed in revenue over the last few quarters. This positive development is attributed to the Company’s continuous efforts in sales transformation.” The organised retail (EBO stores), e-commerce, and large-format retail stores reported a strong performance, while the general trade channel witnessed a positive momentum, he said.

“Looking ahead, the Company will maintain a balanced approach to topline growth and margins,” he said.

Shares of Relaxo Footwears Ltd on Friday settled at ₹393.15 on BSE, up 6.11%.