Relaxo Footwears Ltd
BSE:530517

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Relaxo Footwears Ltd Logo
Relaxo Footwears Ltd
BSE:530517
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Price: 304.7 INR -0.28% Market Closed
Market Cap: ₹75.9B

Gross Margin

58.7%
Current
Improving
by 2.3%
vs 3-y average of 56.4%

Gross Margin shows how much money a company keeps from each dollar of sales after paying for the products it sells. It tells how profitable the company`s core business is before other expenses.

Gross Margin
58.7%
=
Gross Profit
₹15.5B
/
Revenue
₹26.5B

Gross Margin shows how much money a company keeps from each dollar of sales after paying for the products it sells. It tells how profitable the company`s core business is before other expenses.

Gross Margin
58.7%
=
Gross Profit
₹15.5B
/
Revenue
₹26.5B

Peer Comparison

Country Company Market Cap Gross
Margin
IN
Relaxo Footwears Ltd
NSE:RELAXO
75.8B INR
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US
Nike Inc
NYSE:NKE
68.1B USD
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JP
Asics Corp
TSE:7936
3.3T JPY
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US
Deckers Outdoor Corp
NYSE:DECK
16B USD
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CH
On Holding AG
NYSE:ONON
12.2B USD
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US
Skechers USA Inc
NYSE:SKX
9.5B USD
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CN
Huali Industrial Group Co Ltd
SZSE:300979
50.5B CNY
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UK
Birkenstock Holding PLC
NYSE:BIRK
7.3B USD
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US
Crocs Inc
NASDAQ:CROX
5.3B USD
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DE
Puma SE
XETRA:PUM
3.8B EUR
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HK
Yue Yuen Industrial (Holdings) Ltd
HKEX:551
25.9B HKD
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Market Distribution

Higher than 75% of companies in India
Percentile
75th
Based on 4 996 companies
75th percentile
58.7%
Low
-3 052.3% — 26.9%
Typical Range
26.9% — 53.3%
High
53.3% — 8 269.1%
Distribution Statistics
India
Min -3 052.3%
30th Percentile 26.9%
Median 39%
70th Percentile 53.3%
Max 8 269.1%

Relaxo Footwears Ltd
Glance View

In the bustling corridors of the Indian retail landscape, Relaxo Footwears Ltd. has carved out a distinctive niche, rising to become one of the leading footwear manufacturers in the country. Founded in 1976, this company began as a modest operation but gradually transformed into a formidable player in the footwear industry. With an unwavering focus on affordability and durability, Relaxo caters to a broad spectrum of customers—from cost-conscious families to working professionals. Anchored by its flagship brands such as Sparx, Flite, and Bahamas, Relaxo has crafted a diverse portfolio that spans different styles and price points, ensuring it holds a robust appeal across urban and rural segments alike. Leveraging economies of scale in manufacturing, the brand combines mass production techniques with quality control, ensuring its products maintain consistency in both form and function. The company's revenue model thrives on a well-oiled distribution network that reaches every nook and cranny of the Indian subcontinent. By synergizing traditional retail outlets with an aggressive e-commerce strategy, Relaxo has successfully tapped into both brick-and-mortar and digital platforms. Its streamlined supply chain allows for low production costs, which directly translates into competitive pricing—a critical factor in attracting Indian consumers. While the domestic market remains its stronghold, Relaxo has gradually started eyeing international expansion, recognizing the growth potential in neighboring regions. Its marketing efforts, often characterized by memorable advertisements, reinforce brand loyalty, driving sales and ensuring a consistent cash flow. In essence, Relaxo Footwears Ltd. operates at the intersection of affordability, accessibility, and quality, a trifecta that keeps the company well-anchored in the footwear sector.

RELAXO Intrinsic Value
196.44 INR
Overvaluation 36%
Intrinsic Value
Price ₹304.7
What is Gross Margin?
Gross Margin shows how much money a company keeps from each dollar of sales after paying for the products it sells. It tells how profitable the company`s core business is before other expenses.
How is Gross Margin calculated?

Gross Margin is calculated by dividing the Gross Profit by the Revenue.

Gross Margin
58.7%
=
Gross Profit
₹15.5B
/
Revenue
₹26.5B
What is Relaxo Footwears Ltd's current Gross Margin?

The current Gross Margin for Relaxo Footwears Ltd is 58.7%, which is above its 3-year median of 56.4%.

How has Gross Margin changed over time?

Over the last 3 years, Relaxo Footwears Ltd’s Gross Margin has increased from 52.6% to 58.7%. During this period, it reached a low of 48.5% on Mar 31, 2023 and a high of 60.2% on Dec 31, 2024.

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