Relaxo Footwears Limited
RELAXO.NS
National Stock Exchange of India394.70
INR
+7.85
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Relaxo Footwears Limited
RELAXO.NS
(National Stock Exchange of India)
Recent
price
394.70
P/E
ratio
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div
yld
- -
ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- Relaxo Footwears Limited ranks as India's largest footwear manufacturer by volume and operates as a leading producer of affordable non-leather footwear, including slippers, sandals, sports shoes and casual shoes, marketed through an extensive portfolio of brands such as Relaxo, Sparx, Flite, Bahamas, Boston, Mary Jane and Kid's Fun; the company offers specific product lines like EVA and PU casual slippers, flip-flops, joggers, school shoes, men's sandals and kids' footwear, distributed via over 100,000 retail outlets, e-commerce platforms including Amazon, Flipkart and Myntra, and exports to more than 30 countries encompassing the United States, Europe, Africa and Southeast Asia. Headquartered in Delhi, India, with manufacturing facilities primarily in Haryana and Himachal Pradesh boasting annual production capacity exceeding 10 million pairs, Relaxo Footwears serves mass-market consumers across urban and rural segments in India while pursuing international expansion. Incorporated in 1984 after commencing operations in 1976, the company maintains nine state-of-the-art plants in northern India, emphasizes cost leadership through advanced manufacturing technologies and sustainability initiatives such as energy-efficient processes and eco-friendly materials, and listed on the Bombay Stock Exchange and National Stock Exchange in 1995 following its initial public offering. In recent developments, Relaxo Footwears strengthened its digital presence in 2025 through strategic partnerships with quick commerce platforms Blinkit, Zepto and Swiggy Instamart, enabling instant delivery of brands like Flite slippers, Bahamas flip-flops and Sparx shoes across major states including Delhi, Uttar Pradesh, Maharashtra and Gujarat; the company advances premiumization efforts with new premium PU product launches under Flite, expands retail footprint by opening 50 new outlets including exclusive Sparx stores, enhances secondary sales via the Relaxo Parar app achieving 60% contribution to sales with 20% growth, and invests in manufacturing capacity expansion alongside leisure and sneaker segment focus to drive volume growth and market share. Promoter holding stands at approximately 71%, with the firm remaining net debt-free amid a strategic shift toward higher average selling prices, diversified product mix and improved online connectivity through its distributor app.