#Relaxo
Historically has taken support near 20MEMA multiple times. Currently near the same support.

1/n

- One of the few listed footwear company.
- Robust Distribution network Pan India
- Industry slowly consolidating from unorganized to organised sector.
- Increasing online presence as well with more than 70% of the products listed online.

2/n
Industry Overview:
- India is the 2nd largest footwear manufacturer
- Growing trend of premiumization and shifting to branded footwear.
- Indian footwear market size is expected to grow 10.8% CAGR.

3/n
Company Overview
- Strong inhouse manufacturing capabilities - 8 facilities with 10lac pair/day
- 82 Trademarks,10 Copyrights,664 designs
- Efficient customer reach across channels - 50000+ retailers,650 distributors,402 EBO's, Export to approx 30 countries, Online presence

4/n
Basic Financials
ROCE - 26%
ROE - 20.2%
D/E - 0.09
ICR - 22.9
Promoter Holding - 70.8%

5/e

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Ethiopians themselves believe that the Queen of Sheba, who visited Israel's King Solomon in the Bible (c 950 BC), came from Ethiopia (not Yemen, as others believe). Here she is meeting Solomon in a stain-glassed window in Addis Ababa's Holy Trinity Church. 🇪🇹


References to the Queen of Sheba are everywhere in Ethiopia. The national airline's frequent flier miles are even called "ShebaMiles". 🇪🇹