Relaxo recalibrates capacity to 9.1 lakh pairs a day in Q1FY27
Standalone operating margin was 2.05 percentage points above the 13.3% median for 163 reported Consumer Discretionary peers; other income was Rs 12.96 cr.
Filed 13 Aug 2026, 16:52 IST · after market close · Relaxo Footwears Ltd (RELAXO)
Key takeaways
- Standalone net profit was Rs 54.94 cr, with Rs 12.96 cr of other income adding a non-operating component to earnings.
- Operating margin of 15.35% was 2.05 percentage points above the 13.3% median for 163 Consumer Discretionary peers.
- Management said daily production capacity had been recalibrated from 10.5 lakh pairs to 9.1 lakh pairs.
Price around the results
Standalone earnings include a non-operating contribution
Relaxo reported standalone net profit of Rs 54.94 cr and EPS of Rs 2.21 for Q1FY27. Other income of Rs 12.96 cr was recorded against profit before tax of Rs 75.08 cr, making the composition of earnings an important quality check.
Operating margin stayed above the peer midpoint
The 15.35% operating margin was 2.05 percentage points above the 13.3% median among 163 Consumer Discretionary peers that had reported the quarter. The current figures do not include a cost-growth or margin-change bridge, so the quarter's margin movement cannot be attributed to a specific expense line.
Management flags a lower production-capacity base
The company presentation said production capacity had been recalibrated from 10.5 lakh pairs per day to 9.1 lakh pairs per day. That disclosure is the clearest operating change accompanying the quarter's reported numbers.
Results were filed after market close
Relaxo filed the standalone Q1FY27 results after market close on 13 August 2026. The immediate trading response is therefore not part of this first read.
Q1FY27 at a glance
Standalone figures as filed with NSE — filed ahead of third-party databases, not yet independently cross-checked.
| Line item | Q1FY27 |
|---|---|
| Revenue | ₹705 cr |
| Other income | ₹13 cr |
| Expenses | ₹597 cr |
| Operating profit | ₹108 cr |
| Operating margin (%) | 15.35% |
| Interest | ₹6 cr |
| Depreciation | ₹40 cr |
| Profit before tax | ₹75 cr |
| Tax | ₹20 cr |
| Net profit | ₹55 cr |
| EPS (₹) | ₹2.21 |
Operating margin of 15.35% compares with a Consumer Discretionary sector median of 13.30% across 163 peers that have reported Q1FY27.
What management said
From the company’s own investor presentation. Each point is checked against the source document before it appears here.
Expansion
- The company has recalibrated production capacity from 10.5 lakh pairs per day to 9.1 lakh pairs per day.
What to watch
- Whether operating margin holds above 15.35%.
- Whether daily production capacity remains at 9.1 lakh pairs.
- Whether other income stays near Rs 12.96 cr or becomes a smaller part of pretax profit.