The common man’s footwear relaxo’s results were a washout considering peak festive season. Numbers are really flat. Margins are down by almost 50% at 8.9% from 16.4% . With inflation in footwear in double digits, it actually means that there might be a possible volume de-growth.
Not sure - if this is a company specific issue or a common trend happening across the board - but the numbers don’t look that encouraging. maybe consumers are preferring costlier brands or they is a slowdown which is slowly creeping in various sector due to inflation.