Relaxo Footwears Limited (RELAXO) Q1 Results FY27 Preview: Date, Time, Expectations & Key Things To Watch

Relaxo Footwears faces a critical test in Q1 FY27 as it navigates the impact of a sharp intra-quarter polymer price spike against a backdrop of permanent wage increases. Investors will be looking for evidence that the company's 15-18% price hikes have successfully protected revenue growth without significantly dampening volume demand.

Relaxo Footwears Limited Q1 Results Date and Time

The Board of Directors is scheduled to meet on Thursday, 13 August 2026, to consider and approve the unaudited financial results for the quarter ended 30 June 2026.

What to expect from Relaxo Footwears Limited's Q1 FY27 results

Revenue is likely to track ahead of the Q1 FY26 base of Rs. 654.49 Cr, supported by the full-year realization of 15-18% price hikes and sustained volume recovery momentum seen in Q4 FY26. While the company benefits from a large inventory buffer of approximately 184 days that likely shielded Q1 from the peak April polymer price spike, EBITDA margins are expected to face pressure YoY compared to the 15.2% level seen in Q1 FY26 due to the permanent 30% wage increase in Haryana. Management's commentary on the interplay between the April polymer surge and the subsequent easing of Brent crude to ~Rs. 70.50/bbl by late June will be central to understanding the margin trajectory for the remainder of the year. The upcoming call will likely focus on whether the volume demand of 4.3 Cr pairs recorded in Q1 FY26 has been maintained despite the significant price adjustments implemented across the portfolio.

Key Things To Watch

Performance vs Guidance Tracking: Tracking progress against management's stated FY27 goals.

• Revenue growth — ~10% for FY27 — Status: Achievable via price hike realization.
• EBITDA margin expansion — ≥100 bps improvement over FY26 (13.8%) — Status: Challenging due to structural cost increases.
• Capex — Rs. 100–150 Cr for FY27 — Status: On track with FY26 spend of Rs. 136.47 Cr.
• EBO expansion — 100 new stores — Status: Open-ended; monitoring Q1 additions.

Volume and Price Sensitivity: Assessing consumer acceptance of recent price actions.

• Pairs sold in Q1 FY27 vs Q1 FY26 (4.3 Cr pairs) to test elasticity of 15-18% price hikes.
• Realization trends following the full-quarter impact of price increases implemented in early FY26.

Input Cost and Margin Drivers: Evaluating the structural cost base and inventory impact.

• Impact of the ~18.3% rise in EVA resin costs on COGS during the peak April conflict period.
• Assessment of the 184-day inventory buffer in mitigating raw material inflation.
• Impact of the permanent 30% wage increase in Haryana on employee cost lines.

Strategic and Operational Updates: Progress on long-term growth and efficiency initiatives.

• Update on the 26% equity investment (up to Rs. 2.50 Cr) in the Clean Max MUOI solar SPV.
• Progress on EBO rollout in West and South regions vs the 100-store target.
• Evolution of New Channel (e-commerce) revenue share beyond the 12% recorded in FY26.