India's leading footwear companies displayed varied financial performances in fiscal 2024 (FY24), with some firms showcasing robust growth while others faced declines in key metrics. This analysis examines the performance of Campus Activewear, Relaxo Footwears, Bata India, Liberty Shoes, and Metro Brands.

Campus Activewear Ltd

Campus Activewear experienced a slight decline in its financial performance in FY24. The company's revenue decreased to ₹14.482 billion (approximately $173.47 million) from ₹14.842 billion in FY23. Net profit fell to ₹894.41 million from ₹1.17 billion, reflecting a reduction in earnings per share (EPS) from 3.85 to 2.93. Additionally, the operating profit margin (OPM) decreased to 14.87 per cent from 17.27 per cent, and the net profit margin (NPM) dropped to 6.18 per cent from 7.89 per cent.

Relaxo Footwears Ltd

Relaxo Footwears Ltd, on the other hand, saw significant improvement in FY24. The company's revenue rose to ₹29.140 billion (approximately $349.05 million) from ₹27.827 billion in FY23. Net profit increased to ₹2.004 billion from ₹1.544 billion, leading to a higher EPS of 8.05, up from 6.21. The OPM improved to 14.94 per cent from 12.73 per cent, and the NPM grew to 6.88 per cent from 5.55 per cent, indicating better profitability and efficiency.

Bata India Ltd

Bata India Ltd had a mixed performance in FY24. The revenue slightly increased to ₹34.784 billion (approximately $416.65 million) from ₹34.515 billion in FY23. However, net profit declined to ₹2.599 billion from ₹3.191 billion, resulting in a decrease in EPS from 24.83 to 20.22. The OPM showed a marginal improvement to 23.12 per cent from 24 per cent, while the NPM decreased to 7.47 per cent from 9.25 per cent.

Liberty Shoes Ltd

Liberty Shoes Ltd faced challenges in FY24, with a drop in both revenue and net profit. Revenue fell to ₹6.368 billion (approximately $76.27 million) from ₹6.543 billion in FY23, and net profit decreased to ₹111.58 million from ₹129.11 million. This decline led to a reduction in EPS from 7.88 to 6.40. Despite the revenue and profit drop, the OPM improved slightly to 9.84 per cent from 9.42 per cent, while the NPM decreased to 1.75 per cent from 1.97 per cent.

Metro Brands Ltd

Metro Brands Ltd displayed strong financial performance in FY24. Revenue increased to ₹23.05 billion (approximately $276.1 million) from ₹20.518 billion in FY23. Net profit rose to ₹4.178 billion from ₹3.731 billion, resulting in an increase in EPS from 13.74 to 15.37. However, the OPM decreased to 33.49 per cent from 35.83 per cent, and the NPM slightly declined to 18.13 per cent from 18.19 per cent, although these margins remain high compared to peers.

Fibre2Fashion News Desk (DP)