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Relaxo Footwears: Q4 FY23 marks trend reversal; getting back foothold

Bharat Gianani   •

Relaxo regained market share in Q4FY23 as it narrowed the price differential with competition (realised lower raw material prices and cut prices). We expect resumption of robust volume growth as well as recovery of margins to pre-COVID levels from FY24

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This Research Report / Research Recommendation has been published by Moneycontrol Dot Com India Limited (hereinafter referred to as “MCD”) which is a registered Investment Advisor under the Securities and Exchange Board of India (Investment Advisers) ...Read More