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Relaxo Footwears Limited: Business Overview, Financials & Competitive Analysis

Relaxo is the largest footwear manufacturer in India, serving the nation for four decades. The company operates in three major categories: Relaxo & Bahamas (rubber slippers), Flite (EVA and PU Slippers) and Sparx (spo...

Analyst-debate audio for Relaxo Footwears Limited

AskCyborg analysts argue the bull and bear cases for Relaxo Footwears Limited across 11 stress-tested dimensions. Listen on your commute -- faster than reading the 30-page report.

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5/ 10Mixed

Cyborg Score thesis

India's largest footwear manufacturer by volume faces near-term headwinds from demand softness but has structural advantages and...

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Industry Footwear Manufacturing & Retail
3 named competitors
3 recent developments
11 analyst dimensions
Synthesized from analyst-debate stress-testing across 11 dimensions and hundreds of data points. Methodology →
Cyborg Score recalibrated: September 14, 2026
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Relaxo Footwears Limited Overview

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Relaxo is the largest footwear manufacturer in India, serving the nation for four decades. The company operates in three major categories: Relaxo & Bahamas (rubber slippers), Flite (EVA and PU Slippers) and Sparx (sports and canvas shoes, sandals and sporty slippers). The company is a publicly listed firm on the NSE and BSE exchanges, ranked among India's top 500 most valuable companies.

Strategic Profile

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The company is the largest footwear manufacturer in India in terms of volume and second-largest in terms of revenue. It is also the leader in 'value' segment footwear. The organized retail (EBO stores), e-commerce, and large-format retail stores reported strong performance, while the general trade channel witnessed positive momentum.

Competitive Landscape

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Relaxo is the largest footwear manufacturer in India in terms of volume and second-largest in terms of revenue. The company competes in the non-leather footwear segment dominated by organized and unorganized players. Key competition comes from other branded players in slippers, sandals, and sports shoes segments, along with growing e-commerce players.

Industry Context

Relaxo Footwears Limited operates in Footwear Manufacturing & Retail.

Key facts

Founded: 1984 · Headquarters: New Delhi, India · Employees: Not disclosed · Revenue: ₹628.54 Cr (Q2 FY26; declining 7.5% YoY) · Market cap: ₹9,236.87 Cr (~$1.1B USD)

What the analysts stress-tested

The top findings that survived the multi-agent debate for Relaxo Footwears Limited.

  • The company is facing a challenging market environment with reported decline in revenue due to demand softness and cautious distributor behavior linked to GST changes
  • The company operates 405 exclusive brand outlets and has scaled manufacturing capacity to 10.5 lacs pair per day
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Recent developments

Material events tracked by the AskCyborg corpus.

  • February 2026Stock price at ₹369.25-374.70; market cap ₹9,236.87 Cr
  • January 2026Q3 FY26 unaudited financial results announcement scheduled
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Named competitors

Pulled from the analyst-debate framework. Click any competitor to see their Cyborg Score.

Bata FootwearLeather and non-leather footwear across multiple segments→Liberty FootwearSports and casual footwear manufacturer→Paragon FootwearValue and premium footwear offerings→

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Industry context

Relaxo Footwears Limited operates in Footwear Manufacturing & Retail. See how the rest of the sector scores on the Cyborg framework.

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Frequently asked questions

What does Relaxo Footwears Limited do?+
Relaxo is the largest footwear manufacturer in India, serving the nation for four decades. The company operates in three major categories: Relaxo & Bahamas (rubber slippers), Flite (EVA and PU Slippers) and Sparx (spo...
What is Relaxo Footwears Limited's Cyborg Score?+
Relaxo Footwears Limited has a Cyborg Score of 5/10 (Mixed). The score synthesizes business model, financials, leadership, competitive position, technology, marketing, and ESG dimensions across hundreds of data points.
Who are Relaxo Footwears Limited's main competitors?+
Named competitors include Bata Footwear, Liberty Footwear, Paragon Footwear. The full competitive landscape is in the AskCyborg report.
How can I get the full Relaxo Footwears Limited research report?+
Get the report plus analyst-debate audio at askcyborg.com -- no credit card required for preview access. Pro adds saved-company audio playlists and monitoring.
How current is the Relaxo Footwears Limited research?+
The Cyborg Score is recalibrated weekly. Recent developments are tracked continuously and surfaced in every report.

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More Footwear Manufacturing & Retail research

Companies in the same sector and named competitors, ranked by Cyborg Score.

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