Whalesbook
Relaxo Footwears Limited's Board of Directors has approved the appointment of Amit Roy as its new Chief Financial Officer (CFO), effective April 1, 2026. Roy, a finance veteran with over 30 years of experience, has spent 13 years with the company, leading its Taxation Department.
What just happened
The company announced that Amit Roy will step into the role of Chief Financial Officer (CFO) and Key Managerial Personnel (KMP). The board approved this leadership change during a meeting on March 26, 2026. Roy's appointment takes effect April 1, 2026, following the resignation of former CFO Prince Jain on March 11, 2026.
Why this matters
The CFO is vital for shaping a company's financial strategy, managing investor relations, and overseeing financial health. A smooth handover is crucial, particularly for Relaxo as it navigates recent market pressures and leadership changes. Investors will expect the new CFO to bring stability and clear direction for the company's financial future.
The backstory
Amit Roy brings over three decades of experience in finance, accounts, treasury, and taxation. He has been with Relaxo Footwears for 13 years, serving as Sr. General Manager-Finance and heading its Taxation Department. Before joining Relaxo, Roy held key roles at Caretel Infotech Ltd. and Jubilant Organosys Ltd. He is a Chartered Accountant, Cost Accountant, and holds a B. Com (Hons.) from Delhi University. His appointment follows the resignation of Prince Jain as CFO on March 11, 2026. Sushil Batra had previously stepped down as CFO in May 2025, remaining as an Executive Director.
What changes now
Shareholders can anticipate continuity in financial management, benefiting from Roy's deep internal knowledge of Relaxo's operations. His expertise in taxation and finance may lead to a focused approach on financial planning, cost management, and compliance. The company aims for strong financial governance and strategic execution under his leadership.
Risks to watch
Relaxo Footwears has faced lower profitability and revenue recently, driven by weak demand and intense market competition. The stock has experienced significant price drops, signaling investor concerns. Successfully integrating the new CFO and aligning with the company's strategic goals will be key.
Peer comparison
Relaxo Footwears competes in a busy market alongside companies such as Bata India, Metro Brands, Campus Activewear, and Liberty Shoes. While Bata India has a leading retail presence, Relaxo targets the mass market with affordable products. Appointing a strong finance leader is important for staying competitive in this fast-paced sector.
Context metrics (time-bound)
- As of December 2025, Relaxo Footwears reported a quarterly profit after tax (PAT) of ₹26.54 crore, down 19.6% year-on-year.
- For the fiscal year ending March 31, 2025, the company's sales decreased by 4.29%, marking its first revenue contraction in three years.
What to track next
- How investors react to the new CFO and his background.
- Any statements from the new CFO on financial strategy and outlook.
- Relaxo's upcoming financial results and performance under new leadership.
- The company's success in navigating market pressures and growing revenue.