Relaxo Footwears Limited has officially announced significant changes to its senior management and key managerial personnel. The Board of Directors, in their meeting held on March 26, 2026, approved the appointment of Mr. Amit Roy as the new Chief Financial Officer (CFO), effective April 1, 2026. Simultaneously, the company has restructured its top leadership by re-designating Mr. Gaurav Kumaar Dua and Mr. Ritesh Dua as Co-Chief Executive Officers (Co-CEOs) to drive future growth and branding initiatives.

The company is undergoing a leadership transition as Mr. Amit Roy succeeds the previous CFO. Mr. Roy brings over 30 years of experience in finance, taxation, and corporate strategy, having served as the Senior General Manager of Finance at Relaxo for the past 13 years. In addition to the CFO appointment, the re-designation of Mr. Gaurav Kumaar Dua and Mr. Ritesh Dua as Co-CEOs reflects a strategic move to distribute executive responsibilities, with Mr. Gaurav focusing on sales, marketing, and expansion, while Mr. Ritesh oversees exports, IT, and HR. Both Co-CEOs are part of the promoter group, ensuring continuity in the company’s vision.

Relaxo Footwears Limited is India’s largest footwear manufacturer, renowned for its non-leather products including rubber slippers, sports shoes, and sandals. The company owns iconic brands such as Relaxo, Sparx, Flite, and Bahamas. Recent updates from 2025 highlight the company’s continued efforts in sales transformation and market expansion, particularly through its EBO stores and e-commerce channels. Despite a challenging market, Relaxo has maintained its position as a dominant player in the “value” segment of the footwear industry.

For the quarter ended December 31, 2025 (Q3 FY26), Relaxo Footwears reported revenue from operations of ₹668.03 Crores, representing a marginal year-on-year increase of 0.2%. However, net profit for the same period tumbled by 19.6% to ₹26.54 Crores compared to ₹33.01 Crores in the previous year’s corresponding quarter. This decline was largely attributed to higher sales promotion expenses and one-time costs related to the new labor code. Notable institutional investors as of late 2025 include SBI Mutual Fund, which holds a significant stake through various schemes like the SBI Large & Midcap Fund.