Income from operations rose by 36.73 per cent to Rs 497.13 crore in the course of the interval beneath overview in comparison with Rs 363.58 crore within the corresponding interval of the earlier fiscal.
Relaxo Footwears’ whole bills had been at Rs 462.15 crore, up 36.67 per cent in comparison with April-June 2020.
Commenting on the outcomes, Relaxo Footwears Managing Director Ramesh Kumar Dua stated, “In the course of the months of April and Might there have been extreme disruptions because of localized lockdowns throughout geographies.
“Despite all of the challenges we managed to ship one more resilient quarter backed by our buyer centric method, market share and steady give attention to high quality enchancment, although, we stay cautious on the rising pattern in uncooked materials costs.”
In the course of the quarter, the corporate invested into model constructing, product innovation and enhancing buyer attain to offer finest in school expertise and is effectively positioned to emerge stronger within the put up COVID – 19 world, Dua stated.
“The corporate enjoys snug liquidity place with sturdy steadiness sheet and money circulation place and is rightly positioned to faucet the expansion alternatives within the sector,” he stated.