Relaxo Footwears - Coming Out Of Woods: IDBI Capital

BQ Prime’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy. .IDBI Capital Report.We met the management of Relaxo Footwear Ltd. to understand current business environment of the domestic footwear industry, management guidance on growth opportunities and challenges, and outlook on earnings growth recovery in near term. The management guided that the demand is showing signs of improvement and raw material prices too have softened recently. Relaxo has taken prudent step of price correction in two of its products which will aid in product off-take. With adequate capacity expansion in Sparx (high value product), we expect share of high value product in total sales will eventually increase. Further, focus on increasing sales from e-commerce platform, branding and advertising as well as new product development will pave the way for sustainable earnings growth in future..Click on the attachment to read the full report:.Vardhman Special Steel - On Track To Achieve Export Share Target By FY25: ICICI Direct.DISCLAIMERThis report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Relaxo Footwears - Coming Out Of Woods: IDBI Capital

Healthy demand and deflationary raw material prices encouraging.

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