Relaxo Footwear News: Relaxo Footwear’s pace has slowed down, but can it gain momentum again? Analysts are split.

Relaxo Footwear News: Relaxo Footwear’s pace has slowed down, but can it gain momentum again? Analysts are split.


Image credit: Relaxo via Facebook

Synopsis

In the business for over four decades, Relaxo has been the mass footwear market’s master for quite some time. But inflationary pressures have begun to eat into its margins. One can not ignore Relaxo’s lacklustre stock performance in the past year. Can the market leader bounce back?

Nearly a year-and-a-half back, Saurabh Mukherjea, founder and chief investment officer, Marcellus Investment Managers, took out his slippers — a Relaxo Hawai chappal — in a YouTube video posted on a channel called EDGE Community that has got over 8.6 lakh views.Before you think otherwise, here’s what Mukherjea said: I am very proud of this chappal. It is an instrument of enormous wealth creation. Mukherjea was talking about Relaxo Footwear and

  • FONT SIZE
  • SAVE
  • PRINT
  • COMMENT

Uh-oh! This is an exclusive story available for selected readers only.

Worry not. You’re just a step away.

Congratulations! This story is unlocked for you.

We’ve rewarded you with ET Prime access for 30 days!

Clean ad-free reading experience onThe Economic Times

Unlimited access to exclusive stories & insights across 20+ sectors

In-depth reports on 4000+ Stocks, updated daily

Complete access to ET Print Edition, the digital newspaper

Activate your Access

No card details required

Why ?

  • Exclusive Economic Times Stories, Editorials & Expert opinion across 20+ sectors

  • Stock analysis. Market Research. Industry Trends on 4000+ Stocks

  • Clean experience with
    Minimal Ads

  • Comment & Engage with ET Prime community

  • Exclusive invites to Virtual Events with Industry Leaders

  • A trusted team of Journalists & Analysts who can best filter signal from noise



Source link

Author: Shirley