Liberty Shoes profit down by 29% in June quarter

New Delhi, August 6 — Liberty Shoes Ltd (BSE: 526596, NSE: LIBERTSHOE) on Wednesday reported a mixed performance for the quarter ended June 30, 2025. While revenue from operations grew year-on-year, net profit saw a sharp decline. The company’s profit in the June quarter came down year-on-year by 29%.

Market Snapshot

As of market close on August 6, 2025, Liberty Shoes ended at ₹322.95, down 1.31% from the previous close. The stock touched an intraday high of ₹329.95 and a low of ₹320.00, with a VWAP of ₹321.74 and turnover of ₹0.30 crore.

Unaudited Financial Results (Q1FY26)

The company announced its unaudited financial results for Q1FY26 in the board meeting. During the quarter, the company witnessed mixed results as its revenue from operations rose to ₹172.20 crore, up by over 10% from ₹155.92 crore in Q1FY25, while its Net Profit declined nearly 29%, from on year-on-year basis.

Revision in Remuneration

The board of the company  has revised the remuneration of three of its executive directors, naming Sh. Shammi Bansal, Sh. Adish Gupta, and Sh. Anupam Bansal. The revision of remuneration are made on the recommendation of teh based on the recommendations of the Nomination and Remuneration Committee of the Company. The changes are subject to shareholder approval in the upcoming Annual General Meeting (AGM), which means that the changes will only happen if the shareholders agree and vote for them at the AGM.

Appointment of Internal Auditor

In compliance with the applicable rules and regulations, the board has approved the appointment of Mr. Rajesh Gupta, Chartered Accountant, as the Internal Auditor for FY 2025–26 and subsequent years.

Annual General Meeting (AGM) Related Approvals

The board of directors has also approved the notice of the company’s 39th AGM. The AGM shall be held on September 24, 2025, at 11:00 AM via Video Conferencing/Other Audio Visual Means.

Voting

The members can cast their vote through remote e-voting and e-voting during the AGM. The window for remote e-voting is set from September 21 to September 23, 2025. The cut off date to determine the member’s eligibility to participate is set at Wednesday, September 17, 2025.

Management Commentary

The results were reviewed by the Audit Committee and approved by the Board on August 6, 2025. Whole-time Director Shammi Bansal signed off on the financials. The statutory auditors issued a limited review report with no qualifications, confirming that the results comply with Ind AS and SEBI disclosure norms.

Outlook

The revenue growth signals steady demand, but the profit decline reflects margin pressure and cost challenges. Investors may watch for signs of margin recovery, festive season sales momentum, and clarity on execution of cost controls in upcoming quarters.

About the Company

Liberty Shoes Limited is headquartered in Karnal, Haryana, and operates in the footwear industry. The company designs and manufactures a wide range of shoes for men, women, and children across multiple in-house brands. It is listed on Indian stock exchanges under the ticker LIBERTSHOE.

REF:https://nsearchives.nseindia.com/corporate/LIBERTSHOE_06082025160127_OutcomeofBoardMeeting06082025.pdf

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