Relaxo Footwears Limited has informed that the Board of Directors of the company at its meeting held on May 11, 2013 has recommended a dividend at 40% that is INR 2.00 per share subject to the approval by the shareholders at the forthcoming Annual General Meeting.

Relaxo Footwears Limited announced audited earnings results for the fourth quarter and full year ended March 31, 2013. For the quarter, the company reported profit from operations before other income, finance costs and exceptional items of INR 267.241 million compared to INR 286.938 million reported a year ago. Net profit was INR 134.883 million or INR 11.24 per basic and diluted share before and after extraordinary items compared to net profit of INR 187.878 million or INR 15.65 per basic and diluted share before and after extraordinary items reported a year ago. Total income from operations was INR 2,928.376 million compared to INR 2,427.234 million reported a year ago. Profit from ordinary activities before tax was INR 217.941 million against INR 246.917 million a year ago. For the year, the company reported profit from operations before other income, finance costs and exceptional items of INR 843.089 million compared to INR 711.404 million reported a year ago. Net profit was INR 448.082 million or INR 37.34 per basic and diluted share before and after extraordinary items compared to net profit of INR 399.050 million or INR 33.25 per basic and diluted share before and after extraordinary items reported a year ago. Net sales were INR 10,098.273 million compared to INR 8,646.741 million reported a year ago. Profit from ordinary activities before tax was INR 676.884 million against INR 535.265 million a year ago.

Relaxo Footwears Limited announced that they will report fiscal year 2013 results on May 11, 2013