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Relaxo Footwear Limited Q4FY21 Result Analysis

Relaxo Footwear Limited Q4FY21 Result Analysis

Published on 21 May 2021 Views 164 Comments 1

i) Relaxo Footwear- Q4FY21 Results:

  • The Revenue from Operations has shown significant growth of 38.3% (YoY) to Rs. 748 Cr. in the Q4 of FY21 as compared to Q4 of the previous year. Whereas, the revenues have grown 11.3% (QoQ) from Rs. 672 Cr.
  • The Operating Profit of Relaxo Footwear has delivered a massive growth of 69.8% (YoY) from Rs. 96 Cr. in Q4FY20 to Rs. 163 Cr. in the Q4 of FY21. The profits have shown an increasing trend in QoQ as well with a 9.4% growth from Q3 FY21.
  • The Operating Profit Margins (OPM) % has also increased due to better-operating profit by 410 basis points (bps) YoY from 17.7%% in Q4FY20 to 21.8% in the Q4 of FY21. But on a QoQ basis, the OPM % has come down by 40 basis points (bps) from Q3 FY21.
  • Relaxo Footwear has delivered 2 times rise in Profit Before Tax (PBT) of 100% YoY, from Rs. 69 Cr. in the Q4 of FY20 to Rs. 138 Cr. in the Q4 of FY21. Whereas, the QoQ growth in profits is 14% from Rs. 121 Cr. in Q3 FY21.
  • The profit after tax (PAT) has shown a steep jump of 96.2% (YoY) from Rs. 52 Cr. in the Q4 of FY20 to Rs. 102 Cr. in the Q4 of FY21. Net Profit on QoQ basis has also given the steady growth of 13.3% from Rs. 90 Cr. in Q3 FY21.
  • The Net Profit Margins (%) has also gone up by 400 bps (YoY) from 9.6% in Q4 FY20 to 13.6% in the Q4 of FY21. And on a QoQ basis, the OPM % has gone up by 20 basis points (bps) from 13.4% Q3 FY21.

Relaxo Footwears Limited- Q4FY21 Results

Relaxo Footwears Limited- Q4FY21 Results

ii) Relaxo Footwear- FY21 Performance:

  • The Revenue from Operations has shown a decline of 2% (YoY) from Rs. 2,420 Cr. in FY 20 to Rs. 2,359 Cr. in FY21.
  • The Operating Profit of Relaxo Footwear  has delivered a decent growth of 20.1% (YoY) from Rs. 412 Cr. in FY20 to Rs. 495 Cr. in the FY21.
  • The Operating Profit Margins (OPM) % has also shown a rising trend by 390 basis points (bps) YoY from 17.1% in FY20 to 21% in FY21.
  • Relaxo Footwear delivered a strong rise in Profit Before Tax (PBT) of 33.9% YoY, from Rs. 292 Cr. in the FY20 to Rs. 391 Cr. in the Financial Year 2021.
  • The profit after tax (PAT) of Relaxo Footwear has shown a steep growth of 29.2% (YoY) from Rs. 226 Cr. in FY20 to Rs. 292 Cr. in FY21.
  • The Net Profit Margins (%) of the company has also gone up due to better Net Profit by 300 bps (YoY) from 9.4% in FY20 to 12.4% in FY21.

Relaxo Footwears Limited- FY21 Performance

Relaxo Footwears Limited- FY21 Performance

iii) Dividend:

The Board of Directors recommended a final dividend of Rs. 2.50 per equity share for the year ended 31st March 2021.

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