Thus far in the calendar year 2022, Relaxo Footwears has underperformed the market by declining 33 per cent as compared to a 4 per cent rise in the S&P BSE Sensex
In Q2, EBITDA margins declined to 8.9 per cent, down 445 bps YoY and 400 bps on QoQ, due to higher raw material cost.
Union Minister Piyush Goyal on Friday said India's footwear sector has immense potential, and it can increase production and exports 10 times in the near future.