Footwear Stock Surges Over 12% On Record Trading Volume; Shares Rally More Than 75% From 52-Week Low

On Thursday, Indian benchmark indices ended higher, with the Nifty 50 gaining 304.25 points, or 1.27 per cent, to close at 24,325.45. Outperforming the broader market, Relaxo Footwears Limited surged 12.26 per cent to close at Rs 414.20.

The stock opened at Rs 378.00, touched an Intraday high of Rs 423.00, and hit a low of Rs 373.10 during the session.

Highest-Ever Trading Volume Recorded
Relaxo Footwears witnessed what appears to be its highest-ever single-day trading volume. During the session, approximately 337 lakh shares were traded, compared with the 30-day average daily volume of around 194 lakh shares. The trading volume was nearly 2.5 times the 30-day average, indicating strong participation.
 

Stock Stages Strong Recovery
The latest rally comes after a remarkable recovery from the stock's recent lows. Relaxo Footwears had touched a 52-week high of Rs 526 on September 4, 2025, before declining to a 52-week low of Rs 236.50 on March 30, 2026. Since then, the stock has rebounded by more than 75 per cent, reflecting improving investor sentiment and confidence in the company's earnings recovery.

The company's market capitalisation currently stands at approximately Rs 10,291 crore.

Q4 FY26 Performance
For the quarter ended March 2026, Relaxo Footwears reported a 20.37 per cent year-on-year increase in net profit to Rs 67.67 crore, while revenue from operations rose 8.05 per cent to Rs 751.10 crore. EBITDA increased 10.6 per cent year-on-year to Rs 124 crore, with the EBITDA margin improving to 16.5 per cent, compared with the corresponding quarter of the previous year.
For the full financial year FY26, the company reported a 5.25 per cent increase in net profit to Rs 179 crore, despite a 3.1 per cent decline in annual revenue to Rs 2,702 crore, indicating improving profitability and operating efficiency.
 

Dividend Announcement
The Board of Directors has recommended a final dividend of Rs 3.50 per equity share for FY26, subject to shareholders' approval. The dividend recommendation reflects the company's healthy cash flows and continued focus on rewarding shareholders.
 

About the Company
Incorporated in 1984, Relaxo Footwears Limited is India's largest footwear manufacturer and one of the country's leading consumer brands. The company owns well-known brands including Relaxo, Sparx, Flite and Bahamas, catering to mass-market, sports, casual and lifestyle footwear segments. Relaxo has an installed manufacturing capacity of approximately 10.5 lakh pairs of footwear per day and operates 405 exclusive brand outlets across India. Its products are available through more than 30,000 retail outlets and major e-commerce platforms, while the company also exports footwear to markets across the Middle East, Africa and Europe.

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Disclaimer: The article is for informational purposes only and not investment advice.