The company's business model is based on three pillars: innovation, efficiency, and sustainability, relying on the latest technologies and materials to create innovative products while improving production processes and committing to sustainable practices. Q3 2025 showed 10% revenue growth despite declining profit margins, with export markets demonstrating strong performance with US exports growing by 40%.
Cyborg Score Rationale
2024 revenues of $487.6M showed 8% growth with net profit margin of 22%. Q3 2025 reported 10% revenue growth but stock fell 4.79% reflecting investor concerns over declining profit margins. High dividend yield (10.32% in 2024) appeals to income investors, though margin compression and domestic market headwinds present challenges.
Top Insights
US export market showed strong growth of 40% in Q3 2025, helping offset domestic challenges from high interest rates, inflation, and import competition.
Grendene offers an attractive dividend yield of 10.32% in 2024 with payout ratio of 61.77%.
2026 revenue reached 3.44B BRL with 7.43% year-over-year growth from 3.21B BRL.
Company operates multiple premium brands including Melissa, Grendha, Rider, Cartago, Ipanema, Zaxy, and Pega Forte through owned stores, franchises, and e-commerce.
Named Competitors
Plastic Footwear — Brazilian athletic and casual footwear competitor
Casual Footwear — Major Brazilian footwear group with flip-flop and sandal focus
Fashion Footwear — International competition from Chinese and Asian manufacturers
Recent Developments
(March 2026) Upcoming earnings release scheduled for March 5, 2026 with market cap of 4.45B BRL
(Q3 2025) 10% revenue growth to 1B BRL with US export market surging 40%; stock declined on margin concerns
(January 2026) Management exploring early dividend distribution while studying tax implications; maintaining minimal inventory strategy
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