Shoemakers

Small firms, which employ about 110 million Indians and account for 45% of manufacturing, were hit the hardest

Relaxo Footwears Ltd on Wednesday reported a decline of 38.40 per cent in its net profit at Rs 62.93 crore for the fourth quarter ended March 2022. It had posted a net profit of Rs 102.17 crore in the January-March quarter of the preceding fiscal, Relaxo Footwears said in a regulatory filing. Its revenue from operations was down 6.61 per cent to Rs 698.19 crore during the period under review as against Rs 747.68 crore in the corresponding period of the previous fiscal. The company's total expenses were at Rs 619.66 crore, up marginally 0.43 per cent in Q4 FY22, as against Rs 616.96 crore a year ago. For the entire financial year ended on March 31, 2022, Relaxo Footwears' net profit was down 20.19 per cent at Rs 232.68 crore. It had reported a net profit of Rs 291.56 crore in 2020-21. Revenue from operation stood at Rs 2,653.27 crore in 2021-22. This was 12.46 per cent higher than Rs 2,359.15 crore in FY21. Meanwhile, in a separate filing, Relaxo Footwears said its board in a meet

Bata India on Wednesday reported a consolidated net profit helped by an increase in sales

The majority of the price will be paid in cash at closing, with the rest coming as deferred and contingent consideration, the companies said Thursday in a statement

Leading shoemaker Bata India Ltd is working on portfolio changes towards casuals and sneakers as part of its business growth plans and channel expansion through franchise, its CEO Gunjan Shah said.

The German sportswear company still raised its outlook for full-year sales

Experts say that Kataria's exposure with MNCs such as Unilever, Yum Brands and Vodafone have stood him in good stead, shaping his outlook and professional life

Annual turnover likely to drop to a third of Rs 800-900 crore

Q4 was weak with 8.8% fall in top line and 45.5% decline in pre-tax profit

On Monday, the UP Pollution Control Board ordered closure of 296 tanneries in Jajmau, Kanpur, one of the largest leather hubs in the country