RELAXO Relaxo Footwears Q2 FY26 results (Jul–Sep 2025) and concall
Relaxo Footwear reported a challenging Q2 and H1 FY26 with revenue declines of 7.36% and 10.15% respectively, primarily due to soft mass market demand and pre-GST 2.0 purchase delays. Despite this, the company maintained stable EBITDA margins in Q2 and expanded H1 margins through stringent cost control and operational efficiencies, leading to PAT growth in H1. Management anticipates a gradual demand revival post-GST 2.0 implementation, expecting Q3 to be flat to slightly negative, with better growth in Q4 and FY27, while focusing on strategic product launches and distribution enhancements.
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What they filed
Q2 FY26: revenue down 7.4%, net profit down 2.7% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 |
|---|---|---|---|---|---|
| Revenue | 679 | 667 | 695 | 654 | 629 −7% |
| EBITDA | 88 | 83 | 112 | 99 | 81 −8% |
| Net profit | 37 | 33 | 56 | 49 | 36 −3% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Inve summary of a publicly available earnings call transcript; see how call summaries are prepared. Not investment advice.
