Relaxo Footwears Q4 FY26: Margin rebound, cautious outlook

Revenue from operations was INR751.10 crores, EBITDA was INR123.98 crores (16.51% margin), and PAT was INR67.67 crores (9.01% margin).

FY26 revenue from operations was INR2,702.16 crores versus INR2,789.61 crores in FY25, while FY26 PAT was INR179.27 crores versus INR170.33 crores in FY25.

FY26 brand-wise revenue mix disclosed was Sparx 41%, Flite 36%, and Hawaii 23%.

FY26 channel-wise revenue mix disclosed was General Trade 74%, Retail 12%, New Channel 9%, and Export 5%.

Management guided FY27 capex of about INR180 crores to INR200 crores.

Management stated it plans to open 100 new Exclusive Brand Outlets in FY27; the company had ~400+ to 420 EBOs at the time of the call/presentation.

Management stated it took calibrated price increases of roughly 15% to 18%, citing raw material inflation and wage increases (including in Haryana).