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Relaxo Footwears gains on reporting 66% rise in Q3 net profit

01 Feb 2021 Evaluate

Relaxo Footwears is currently trading at Rs. 830.05, up by 6.60 points or 0.80% from its previous closing of Rs. 823.45 on the BSE.

The scrip opened at Rs. 838.00 and has touched a high and low of Rs. 843.85 and Rs. 818.90 respectively. So far 3447 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 927.65 on 06-Jan-2021 and a 52 week low of Rs. 493.05 on 25-Mar-2020.

Last one week high and low of the scrip stood at Rs. 850.80 and Rs. 816.40 respectively. The current market cap of the company is Rs. 20444.30 crore.

The promoters holding in the company stood at 70.92%, while Institutions and Non-Institutions held 10.71% and 18.37% respectively.

Relaxo Footwears has reported 66.30% rise in its net profit at Rs 90.07 crore for third quarter ended December 31, 2020 as compared to Rs 54.16 crore for the same quarter in the previous year. Total income of the company increased by 12.29% at Rs 675.98 crore for Q3FY21 as compared Rs 602 crore for the corresponding quarter previous year.

Relaxo Footwears is one of India's most quality conscious and progressive footwear companies. Headquartered in Delhi, India, it maintains a fine combination of comfort, style and workmanship and is embarking upon appreciable growth plans for the future.

Peers
Company Name CMP
Bata india 635.00
Relaxo Footwears 297.50
Campus Activewear 211.65
Superhouse 168.80
Liberty Shoes 238.65
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