Sushil Batra
CFO, Relaxo Footwears Limited
Q1FY24, the company posted robust growth in sales and profit. What were the factors which contributed and fueled your growth?
Q1FY24 results were an outcome of favourable market conditions as well as various operational and strategic operations undertaken by the company. The gradual easing of inflationary pressures and correction in key raw material prices helped bolster operating efficiency and profitability. Moreover, the expectation of stable raw material prices will positively help the company in sustaining its profit margins.
This quarter saw strong volume uptake, particularly in the open footwear segment which has higher demand during the summer season. Relaxo witnessed a y-o-y volume growth of 33 per cent, selling 5.1 crore pairs in this quarter which reinforces the trust that customers place in the brand and product quality. Relaxo continues to drive success with its customer-centric approach by offering highly competitive prices without compromising on product quality.
The in-house manufacturing capabilities act as a key differentiator for the company since it helps in ensuring consistent product quality at the lowest cost. The strong brand recall in the market has solidified Relaxo’s reputation as a trusted footwear company. To simplify, the remarkable growth witnessed in this quarter can be attributed to a blend of favourable market conditions, competitive pricing strategies and strong open footwear demand in the summer season. As the largest footwear manufacturer in India, Relaxo is dedicated to not only meeting but exceeding customer expectations, driving the growth of the Indian footwear industry, and leaving a lasting impact on the market.
Esta historia es de la edición August 14, 2023 de Dalal Street Investment Journal.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor ? Conectar
Esta historia es de la edición August 14, 2023 de Dalal Street Investment Journal.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor? Conectar
How To Invest In An Ageing Bull Market
Bull rallies (periods when stock prices rise) and bear declines (periods when stock prices fall) are natural parts of stock market cycles, but they don't follow a fixed timeline.
Should You Entrust All Your Money To A Single AMC?
If you are a market participant, you have probably heard the quote 'don't put all your eggs in one basket', which suggests diversification. Investors often focus on diversifying across categories like large-cap, mid-cap and small-cap, but they may unintentionally overlook diversification across different AMCs. The question arises: is AMC-wise diversification really necessary? Rakesh Deshmukh takes a closer look at this scenario
Wild Swings Engulf Global Equities
U.S. stock markets experienced significant volatility. An early-week rally pushed the markets to new highs, but this momentum faded, primarily due to weaknesses in the tech sector. The major indices had a mixed finish with, S&P 500 and Nasdaq closed lower, while the Dow recorded a notable gain.
U.S. Elections and China's Economy Hamper Commodities
Commodity markets experienced selling pressure in the last fortnight, driven by uncertainties surrounding the upcoming U.S. presidential elections, concerns about the Chinese economy, and increased agricultural production in Brazil.
Wealth Building For Retirement Through Mutual Funds
Retirement is one of the most crucial and lifechanging phases. It marks a period where maintaining your lifestyle becomes paramount even though your regular income stops.
Mastering Investment with Information Ratio
Information Ratio helps in navigating the complexities of the investment landscape by assessing an active fund manager's performance. And though it has its limitations, it remains an essential part of the finance industry. The article explains what Information Ratio is and how investors can use it as another tool
Plan To Be Financially Independent
Each of us aspires to be financially independent as it ensures having enough resources to be self-sufficient and control our finances.
❝Technology is the new game-changer"
With a new breed of young investors entering the financial markets, it is the use of technology that is increasingly playing a major role in how investments are done and tracked. Anand Radhakrishnan, Managing Director, Sundaram Mutual Fund, shares his opinion about how this factor is turning into a significant tool and how it will shape the strategies of his company
What If Donald Trumps?
The potential election of Donald Trump as president in the U.S. carries significant implications for the Indian equity market. It could lead to changes in the global trade dynamics, in particular affecting the Indian IT sector while also raising inflation levels and leading to yet another revision in the visa programme for Indians who want to work in the US. The article takes a closer look at what may lie in store
Sectoral Gains Make A Mark
Benchmark indices continued their uptrend, reaching new record highs, although the pace has slowed as the broader markets faced selling pressures
