Relaxo Footwears, a leading footwear company, fired on all cylinders in the September quarter. Foray into new regions, higher share of premium products, advertising initiatives, improving operational efficiency and capacity addition will determine the company’s success. From a medium to long term perspective, the stock remains worthy of consideration. Besides footwear, Relaxo’s portfolio includes bags, clutches, socks and shoe care products. The company, through 650 distributors pan-India, sells products in 370 EBOs (exclusive brand outlets) and over 35,000 points-of-sale (retailers). (image) Q2 FY20...
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