Relaxo Footwears - Well Placed To Benefit From Large Growth Opportunity: ICICI Direct

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy. .ICICI Direct Report.Relaxo Footwears Ltd.’s Q4 FY21 print signifies the inherent strength of the business model to capture market share and ability to generate robust free cashflows. Revenue for the quarter increased 38% YoY to Rs 747.7 crore (up 17% QoQ, two-year compound annual growth rate: 8%). Demand for low ticket size products like slippers/open sandals (~80% of product portfolio) has been more intense in recent times. Gross margin contracted 300 basis points YoY to 56.8% due to rise in raw material prices. However, on account of positive operating leverage, tight leash on operating overheads, Ebitda margins expanded significantly by 400 basis points YoY to 21.8% (Q3 FY21: 22.1%)..Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint. .Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Relaxo Footwears - Well Placed To Benefit From Large Growth Opportunity: ICICI Direct

Relaxo Footwears - Well Placed To Benefit From Large Growth Opportunity: ICICI Direct

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