Result Update - Relaxo Footwear
Relaxo Footwear’s(RLXF)topline performancein Q4FY22 was significantly impacteddue to weak demand in open footwear. Revenue for Q4FY22 stood at...
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Consumer Discretionary - Margin Recovery to Lag that in Topline
Recovery trends in discretionary categories are healthy: Our discretionary universe is expected to clock 11/2% revenue/EBITDA growth YoY (partly...
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Consumer Discretionary Margin Recovery to Lag that in Topline
Recovery trends in discretionary categories are healthy; Our discretionary universe is expected to clock 11/2% revenue/EBITDA growth YoY (partly...
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Footwear: No bargains here!
Footwear, like most F&L categories, is fragmenting, with top businesses within the ecosystem losing revenue/EBITDA share.
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Relaxo Footwear: Weak Performance Amidst COVID 2.0
We reduce our FY22/23/24 estimates on account of slower-than-expected recovery and revise our rating from BUY to HOLD with a revised TP of Rs 1,060...
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