Are Relaxo Footwear latest results good or bad?

Relaxo Footwear has reported its financial results for the quarter ending March 2025, revealing a challenging operational landscape. The company's net sales for the quarter were Rs 695.15 crore, reflecting a year-on-year decline of 6.97%. This marks a continuation of negative growth trends compared to the previous year, where the sales growth was also negative at -2.32%.
The Profit Before Tax (PBT), excluding other income, was recorded at Rs 67.27 crore, which represents a year-on-year decrease of 12.90%. Similarly, the Profit After Tax (PAT) fell to Rs 56.22 crore, down 8.4% from the prior year, indicating ongoing pressures on profitability.

Despite these challenges, Relaxo Footwear did experience its highest non-operating income in the last five quarters, amounting to Rs 8.09 crore. However, this increase raises questions about the sustainability of such income sources.

Overall, the financial results suggest that Relaxo Footwear is navigating a difficult environment, with key metrics showing declines compared to the same period last year. Additionally, the company saw an adjustment in its evaluation over the last three months.