Leather
Footwear
from 419 today
Relaxo Footwears sustained its recovery in 1QFY27 with revenue growing 8% YoY, though valuations remain demanding at ~45x FY28E P/E. We reiterate Sell with a revised TP of INR290.
Relaxo Footwears sustained its recovery in 1QFY27, with revenue growing 8% YoY, though demand recovery remains encouraging with cautious management view. Valuations remain demanding, and we reiterate Sell with a revised target price of INR290.
Relaxo reported ~8% YoY revenue growth supported by broad-based demand and higher average realization, while maintaining a HOLD rating with a revised target price of Rs 450/share.
Ratings and target prices as published by each firm. Each summary condenses that firm's stated view in its own note and is attributed to it; no report text is reproduced.
