Relaxo Footwears Q1FY21; profit falls by ~51% yoy

Relaxo Footwears Ltd announced its Q1FY21 results on Aug 1, 2020. Consolidated net revenue of Relaxo Footwears Ltd in Q1FY21 stood at Rs363.58cr, which declined by 43.92% yoy from Rs648.3cr in Q1FY20.

EBITDA stood at Rs57.02cr in Q1FY21 which decreased by 46.42% yoy. For Q1FY20, it posted EBITDA of Rs106.42cr. EBITDA margin as of Q1FY21 was at 15.68% which declined by 74bps yoy against the same quarter, the previous year.

The consolidated net profit in Q1FY21 came in at Rs24.22cr which declined by 51.32%, as compared to Q1FY20, when it reported Rs49.75cr. The net profit margin in Q1FY21 came in at 6.66% which declined by 1.01% yoy. The net profit margin for Q1FY20 was at 7.67%.

Share price of company is at Rs596.25 on BSE.

Particulars	Q1FY21 (Rs in cr)	Q1FY20 (Rs in cr)	% VAR
Net Revenue	363.58	648.30	-43.92
Operating Profit	57.02	106.42	-46.42
Net Profit	24.22	49.75	-51.32
EBITDAM%	15.68	16.42	-74bps
PATM%	6.66	7.67	-1.01