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
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