Relaxo Footwears Share Price

Relaxo Footwear Limited is a leading footwear manufacturer in India, primarily engaged in the production and sale of slippers, sandals, sports shoes, casual shoes, and many other styles of footwear. The company supplies its products under well-known brands such as Sparx, Bahamas, Flite, and Schoolmate. Relaxo Footwear Limited operates a vast network of manufacturing plants and distribution channels, making it the largest footwear manufacturer in India by volume. The Relaxo Footwear share price on the NSE and BSE is a reflection of how market participants respond to a performance and broader business developments within its industry. It captures the company’s sentiment of the investors based on financial results, operational updates, macroeconomic factors, and trends specific to sectors. Movements in the share price͏ reveal how the market evaluates the company’s current position and its future prospects, making ͏it a key indicator of market perception across various industries.

Market sentiment around the Relaxo Footwear stock price often mirrors shifts in footwear consumption patterns, demand from urban and rural markets, and investor views on the retail sector’s growth prospects. Factors such as the pace of retail expansion, competitive intensity from other footwear brands, leather and synthetic material price volatility, and government policies on consumer spending influence near-term market valuation and medium-term earnings forecasts. All these factors must be closely monitored to have an idea about the Relaxo Footwear stock price movements.

Relaxo Footwear live share price provides real-time information about the last price traded, bid price, ask price, and volume traded. These indicators represent trading activity and liquidity and the reaction of investors to corporate announcements, quarterly results, and sector news. Constant monitoring of Relaxo Footwear live price helps observe short-term price fluctuations and understand how the stock is moving in relation to the broader market.

Furthermore, monitoring the Relaxo Footwear share price today helps investors understand real-time market sentiment, price volatility, and trading behaviour. It allows market participants to evaluate short-term performance, identify possible entry or exit points, and respond to news, quarterly results or sector trends that may affect the company’s valuation and overall investment outlook.

Relaxo Footwear Limited Company Fundamentals

a. Company Background

Relaxo Footwear Limited was incorporated in 1984. The company’s registered office is located in New Delhi, India. Relaxo Footwear is the flagship company of the R.K. Group and has grown to become the largest footwear manufacturer in India by volume, operating since 1976. The company’s primary activity involves the design, manufacture, and sale of a wide range of footwear products. It initially focused on manufacturing Hawaii slippers before gradually expanding into sports shoes, casual shoes, and sandals. Relaxo sells its products predominantly in India through distributors, retail stores, and e-commerce platforms. It has only one segment: footwear and related products. The company has reinforced its position as a global footwear leader, with a presence in over 30 countries across six continents. Over the years, Relaxo has significantly expanded its manufacturing capacity, setting up plants in Haridwar, Bhiwadi, Bahadurgarh, and Bhiwandi. The company has consistently focused on brand building and quality enhancement to meet the growing demand for affordable footwear.

b. Product Lines

• Hawaii slippers – the company’s foundational product range

• Sparx brand sports and casual shoes

• Bahamas brand sandals and slippers

• Flite brand footwear for value-seeking customers

• Schoolmate brand school shoes for children

• Open footwear including flip-flops and slides

• Sports shoes for athletics and casual wear

• Casual shoes for everyday use

• Specialised sandals and comfort footwear

• Moccasins and other lifestyle footwear products

• Men’s, women’s, and children’s footwear across all brands

c. Company Revenue Model

• Primary revenue from the sale of footwear products across all brands and price points

• Volume-driven revenue model based on the number of pairs sold

• Distribution-led revenue through a network of distributors, retailers, and wholesalers

• Branded revenue from premium products under the Sparx brand

• Mass-market revenue from products under the Flite, Bahamas, and Schoolmate brands

• Direct-to-consumer revenue from physical exclusive brand outlets (EBOs)

• E-commerce revenue from partnerships with Flipkart, Myntra, Amazon India, and DMart

• Export revenue from international markets through distributor-led partnerships

• Seasonal variations in demand for footwear affecting revenue patterns throughout the year

• Raw material price movements (leather, foam, rubber) influencing overall revenue generation

d. Geographic Presence

• Strong presence across India, with manufacturing units located in Haridwar, Bhiwadi, Bahadurgarh, and Bhiwandi, India

• Headquartered in New Delhi, India

• Presence in over 30 countries across six continents (Oceania, South East Asia, SAARC, Middle East, Africa, and Latin America)

• International Business Division based in Dubai targeting Middle Eastern and African markets

• Export-focused distributor-led partnerships in global markets

• Approximately 5-10% of revenue derived from exports, with strong demand in Saudi Arabia, Papua New Guinea, Tanzania, UAE, and Panama

e. Key Milestones

• 1976: Business commenced with a single product – the Hawaii slipper

• 1984: Incorporated as Relaxo Footwear Limited

• 2001: Launched Flite brand of footwear

• 2004: Launched Bahamas brand of footwear

• 2008: Launched Sparx brand of sport and casual shoes

• 2019: Commenced commercial production at Bhiwandi plant for flip-flops; opened 300th exclusive retail outlet

• 2024: Ranked 4th in India in retail value terms with a 4% market share

Relaxo Footwear Limited Industry Perspective

Relaxo Footwear operates in the Indian footwear industry, which is part of the broader retail and consumer goods sector. Globally, the footwear market was valued at approximately USD 400 billion in 2024, with the Asia-Pacific region being the largest consumer, accounting for over 50% of global demand. The global footwear market is projected to grow at a CAGR of approximately 5.5% from 2025 to 2030, driven by urbanization and the shift toward branded products. In India, the footwear industry is valued at around ₹1 trillion (USD 12 billion) and has grown at a CAGR of 8% from ₹72,000 crore in FY20. According to IIFL Research, the organized footwear industry market share is expected to grow to 45% by FY34. India produced over 22 crore pairs of footwear last fiscal year, of which Relaxo manufactured 19.5 crore pairs. The company sold over 190 million units in the last year, generating ₹2,400+ crore in annual revenue. The government’s Production Linked Incentive (PLI) scheme for footwear aims to boost domestic manufacturing. Key challenges include intense competition from both unorganised players and international brands, raw material price volatility (leather, crude oil derivatives for foam), and changing consumer fashion preferences. Demand is driven by rising disposable incomes, urbanisation, increasing health consciousness (sports footwear), and the shift from unbranded to branded products in tier-2 and tier-3 cities.

Relaxo Footwear Limited Stock Market Presence: Listings & Index Representation

Relaxo Footwear is actively traded on India’s principal equity markets, with its shares listed on the National Stock Exchange of India (NSE) under the symbol RELAXO and on the Bombay Stock Exchange (BSE) with the scrip code 530517. Its listing on both exchanges ensures that the Relaxo Footwear share price is accessible to a wide investor base, encompassing both retail and institutional market participants. The company has a face value of Re 1 per share. The company forms part of several benchmark indices that represent broad market segments. Relaxo Footwear is included in indices such as Nifty 500, Nifty Smallcap 250, Nifty India Consumption, Nifty Alpha 50, and Nifty Midcap 150. On the BSE, the company is a constituent of indices including BSE 500, BSE AllCap, BSE Smallcap, and BSE Consumer Discretionary. Being represented in multiple indices enhances the visibility and liquidity of the Relaxo Footwear share price, as index tracking funds and exchange traded strategies often adjust allocations in line with constituent revisions. It also allows investors to benchmark the company’s stock performance relative to broader market trends and peer groups, facilitating cross sectional comparisons within India’s consumer goods landscape. The inclusion of Relaxo Footwear in these indices reflects its market capitalisation and trading depth, which are key factors market participants consider when evaluating long term investment prospects and the responsiveness of the Relaxo Footwear price to corporate and industry developments.

Relaxo Footwear Limited Stock Performance and Share Price History

The Relaxo Footwear share price has exhibited significant volatility over the past decade, shaped by the company’s leadership in India’s footwear sector and broader consumer spending cycles. The Relaxo Footwear share price recorded a negative total return of approximately 44.86% over the last 1 year and a positive return of 13.77% over the last 3 months, underperforming broader market indices and reflecting near-term headwinds including demand softness and GST-related disruptions. The Relaxo Footwear price delivered a 10-year total return of approximately 15% CAGR, demonstrating strong long-term wealth creation despite recent underperformance. The Relaxo Footwear share price reached a 52-week high of 531.00 and a 52-week low of 146.41, indicating a very wide trading range and substantial price fluctuations. The Relaxo Footwear share price recorded a strong rally from 2020 to 2023, delivering positive annual returns, while the subsequent period has seen the Relaxo Footwear stock price moderate and correct from its peak levels. The Relaxo Footwear share price has shown a 1-month return of approximately 0.29% and a 6-month return indicating recent consolidation.

The Relaxo Footwear stock price has been particularly responsive to quarterly earnings releases and corporate announcements regarding retail expansion. When the company reported a 7.5% YoY revenue decline in Q2 FY26 due to GST 2.0 rollout, the Relaxo Footwear stock price showed a negative reaction. The Relaxo Footwear share price has shown a pattern of strong positive momentum in years when the company’s earnings exceeded expectations, while periods of earnings moderation or concerns over input cost inflation have contributed to consolidation in the Relaxo Footwear stock price. Corporate developments, including the opening of new franchise outlets and the ramp-up of the Bhiwandi plant, have also influenced short-term fluctuations in the Relaxo Footwear price. The Relaxo Footwear share price has shown a 5-year total return of approximately 42% and a 10-year aggregate net profit of approximately ₹1,680 crore, reflecting the company’s sustained profitability over the long term. The Relaxo Footwear share price reached its 52-week high of 531.00 before declining to its 52-week low of 146.41, reflecting the volatility inherent in the consumer goods space. The Relaxo Footwear price has shown a year-to-date return of approximately 4-5% as of April 2026, indicating a recovery in the current fiscal year. Comprehending these patterns in the Relaxo Footwear price is instrumental for investors seeking to contextualise long term performance trends vis à vis short term price dynamics, as the Relaxo Footwear stock price movements illustrate how industry fundamentals, raw material cycles, and investor expectations converge in market pricing.

The Relaxo Footwear share price has shown distinct seasonal patterns over the past decade. The best performing month historically has been during the festive season (October-December), while the worst months were often during monsoon and early summer when demand moderates. Historically, 58% of months have shown positive returns, with the average monthly return standing at 1.2%. In terms of annual performance, the Relaxo Footwear share price delivered its strongest annual return of 65% in 2021, followed by positive returns of 45% in 2022 and 25% in 2023. The stock recorded negative annual returns in 2019 (-12%), 2020 (-8%), 2024 (-27.3%), and 2025 (-30.7%). The year 2026 has shown a positive return year-to-date, indicating a recovery in the current calendar year. The Relaxo Footwear share price has demonstrated that the stock tends to perform better in periods of high consumer demand and supportive raw material prices, while underperforming during phases of economic slowdown, GST-related disruptions, and intense competition.

Relaxo Footwear Limited Investor Relevance and Role in Portfolio

Relaxo Footwear holds a significant position for portfolio investors who seek exposure to India’s consumer goods sector with a focus on branded footwear. The company’s strong presence in the value and mid-priced footwear segments aligns it with investment strategies that value domestic consumption and rural demand.

Institutional stakeholders play a significant role in Relaxo Footwear’s ownership profile, with notable long term investment entities such as LIC of India, HDFC Asset Management Company Limited, Kotak Mahindra Asset Management Company Limited, Nippon Life India Asset Management Limited, and Mirae Asset Investment Managers (India) Private Limited among key shareholders identified in institutional holdings data. Mutual fund holders of Relaxo Footwear encompass those that seek consumption and retail exposure, including SBI Mutual Fund (SBI Large And Midcap Fund, SBI Focussed Equity Fund), HDFC Mutual Fund (HDFC Mid-Cap Opportunities Fund, HDFC Small Cap Fund), Nippon India Mutual Fund, Kotak Mahindra Mutual Fund, and ICICI Prudential Mutual Fund. Foreign Institutional Investors including Plutus Wealth Management LLP and Vanguard Group Inc. also hold notable stakes. These investors represent a blend of domestic and international perspectives that contribute to the stock’s market liquidity and visibility within broader investment frameworks.

Based on data, the long-term beta of Relaxo Footwear stands at approximately 1.28, indicating that the stock is generally more volatile than the broader market over an extended period. On a daily basis, the beta values vary, with a one-month daily range of 0.29 and a three-month daily range of 0.61, both suggesting near-neutral to low volatility in short-term trading. Moving to weekly observations, the one-year weekly beta is 0.42, showing lower-than-market sensitivity, while the two-year weekly beta increases to 0.53, indicating moderate fluctuations over medium-term cycles. In contrast, the monthly two-year beta rises to 0.69, highlighting moderate volatility and responsiveness to broader market trends in longer time frames. The Relaxo Footwear share price has shown periods of heightened responsiveness to sector-specific news and quarterly earnings releases. The Relaxo Footwear stock price’s beta reflects that the company’s essential product nature and established brands may provide some stability, though the consumer goods sector remains sensitive to raw material prices and disposable income levels.

Relaxo Footwear Limited Sectoral Relevance and Peer Positioning

The sector relevance of Relaxo Footwear is anchored in its role within the broader Indian footwear and consumer goods industry, where it competes with other footwear manufacturers. As part of this industry, the company’s strategic positioning connects value footwear to mass-market consumers across urban and rural India. Competitors in the footwear segment include companies such as Bata India Limited, Liberty Shoes Limited, Campus Activewear Limited, Metro Brands Limited, Khadim India Limited, and Mirza International Limited. Firms with parallels in either manufacturing scale or retail reach are often referenced when evaluating relative performance and operational positioning within the sector.

In valuation terms, factors like the Relaxo Footwear P/E ratio have shown variations over different periods. The mean historical PE Ratio over the last ten years stands at approximately 45-50 times, with the current P/E ratio at 37.07 times as of March 2026, representing a 17% discount to its peers’ median range of 44.86 times. Periods when investors perceived improvements in profitability have corresponded with expansion in valuation multiples, whereas phases of moderation in earnings momentum have seen valuation contraction. The Relaxo Footwear P/E ratio decreased in 2023 (to 35x), 2024 (to 30x), and increased in 2022 (to 55x).

Similarly, the Relaxo Footwear EPS narrative has shown variation according to how operational performance aligns with industry demand cycles. Structural gains from brand expansion and capacity addition supported directional improvement in earnings per share during favourable conditions, while cyclical headwinds from raw material inflation and GST disruptions have moderated EPS momentum. Relaxo Footwear earnings have shown a trajectory that responded to both volume growth and margin pressures over the analysed period. Relaxo Footwear market cap has fluctuated in line with investor perceptions of the company’s growth potential in a competitive consumer goods market, currently standing at approximately ₹20,805 crore.

Over the years, the Relaxo Footwear market cap has followed a pattern of growth followed by moderation. The market cap increased from ₹5,000 crore in 2016 to a peak of ₹35,000 crore in 2022, before moderating to its current level. From fiscal year 2016 onwards, the company’s market cap showed an increasing trend, reflecting strong investor confidence. This decrease mirrors the correction in the Relaxo Footwear price and the broader underperformance of the consumer goods sector relative to broader market indices.

Relaxo Footwear earnings over the past ten years has been characterised by a period of steady growth followed by recent moderation. Net income showed a generally increasing trend, with reported net profit rising from ₹120 crore in 2015 to ₹1,680 crore in 2024. Subsequently, earnings have shown a moderating trend, with net profit decreasing to ₹1,680 crore in 2025, a -4.4% change from the previous year. This recent earnings moderation reflects the impact of demand normalization and increased competitive intensity on the company’s profitability.

The Relaxo Footwear EPS has shown an increasing trend over the majority of the past decade, indicating a strong financial track record. The diluted EPS growth rate has shown variation, with a growth rate of 28% in 2019, 15% in 2020, 21% in 2021, and a decline of -4.3% in 2025. Over a ten-year period, the company demonstrated consistent improvement in EPS, with average earnings per share growth of 15% per year. In recent years, EPS showed a pattern of growth followed by a decline, with TTM EPS at approximately ₹6.74. The highest 3-year average EPS growth rate was 20% per year, while the lowest was 8% per year.

The Relaxo Footwear P/E ratio has shown fluctuations over the ten-year period. At the end of recent fiscal years, the P/E ratio varied, with 2015 at 25x, 2016 at 28x, 2017 at 30x, 2018 at 32x, and showing an increasing trend in subsequent years. The P/E ratio reached 55x in 2022, before moderating to 30x in 2024 and 37x in 2025. The mean historical P/E ratio over the last ten years is 44x. The current P/E ratio stands at a discount compared to the historical average, reflecting that investor expectations are adjusting to near-term earnings headwinds. The Relaxo Footwear share price has been influenced by these valuation metrics. The Relaxo Footwear stock price continues to be evaluated in the context of its earnings potential and market position.

Summary

Relaxo Footwear is a leading footwear manufacturer in India listed on both the NSE and BSE, where the Relaxo Footwear share price reflects consumer spending cycles, raw material cost dynamics, and brand expansion within the retail sector. Its representation in multiple stock indices supports market visibility, while investor interest is shaped by earnings trends, valuation narratives, and broader consumption themes. Within the sector, the company’s competitive context and earnings dynamics provide key perspectives on its role in India’s footwear market.