Puma planning to use 90% sustainable material for products by 2025<\/a><\/strong><\/p>\nRelaxo is among the most celebrated footwear brand and one of the leading ones in the Indian footwear market. It sells under brands such as Bahamas, Flite and Sparx. Currently, it has over 300 exclusive brand outlets spread Pan India.<\/p>\n
Sharing his take over the recent development, Ramesh Kumar Dua, managing director at Relaxo Footwears, in a statement said: “In a challenging market environment, we have delivered a strong financial performance for the quarter on both the top-line and bottom-line and closed the year on a positive note. The company achieved 97 per cent growth in profit during the quarter due to strong top-line growth helped by low base of last year along with a continuous focus on cost optimization.”<\/p>\n
Further, he also added, “Despite challenging times, our business ecosystem has withstood the disruption and demonstrated agility and resilience across the value chain. Our focus on selling and administrative expenses have helped us to improve our profitability during the quarter and the year, however, we are cautious about the recent rising trend of raw material prices.”<\/p>\n","protected":false},"excerpt":{"rendered":"
May 28: Relaxo Footwears has recently witnessed a 97 per cent rise in its net profit at Rs. 102 crore<\/p>\n","protected":false},"author":17,"featured_media":5874,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1006],"tags":[],"yst_prominent_words":[107,3845,185,1104,3278,553,3287,436,5541,3768,1460],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/indiacityblog.com\/wp-json\/wp\/v2\/posts\/5873"}],"collection":[{"href":"https:\/\/indiacityblog.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/indiacityblog.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/indiacityblog.com\/wp-json\/wp\/v2\/users\/17"}],"replies":[{"embeddable":true,"href":"https:\/\/indiacityblog.com\/wp-json\/wp\/v2\/comments?post=5873"}],"version-history":[{"count":0,"href":"https:\/\/indiacityblog.com\/wp-json\/wp\/v2\/posts\/5873\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/indiacityblog.com\/wp-json\/wp\/v2\/media\/5874"}],"wp:attachment":[{"href":"https:\/\/indiacityblog.com\/wp-json\/wp\/v2\/media?parent=5873"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/indiacityblog.com\/wp-json\/wp\/v2\/categories?post=5873"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/indiacityblog.com\/wp-json\/wp\/v2\/tags?post=5873"},{"taxonomy":"yst_prominent_words","embeddable":true,"href":"https:\/\/indiacityblog.com\/wp-json\/wp\/v2\/yst_prominent_words?post=5873"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}