Lehar Footwears Bags Largest-Ever OEM Order worth ₹ 39.70 Crores
Lehar Footwears Limited has secured a significant original equipment manufacturer (OEM) order valued at ₹ 39.70 crores for the supply of footwear, marking what is described as its largest-ever OEM contract. The business development reinforces the company's capabilities in large-scale manufacturing and quality standards within the footwear sector.The deal involves the domestic supply of footwear to a domestic entity. According to the details provided, the order must be executed within 60 days from the acceptance of the purchase order. While the specific entity awarding the contract was not disclosed due to confidentiality, the agreement highlights Lehar's expanding footprint in OEM partnerships.
The nature and scale of this transaction are detailed below:
| Particulars | Details |
|---|---|
| Nature of Contract | Supply of Footwear |
| Entity Type | Domestic |
| Consideration / Size | Rs. 39.70 Crores (Excluding GST) |
| Execution Timeline | Within 60 days from acceptance |
Operational Strengthening and Market Position
The secured order underscores Lehar's commitment to high-volume, quality-controlled manufacturing. The supplies will be serviced utilizing the company’s established facilities located in Rajasthan and Haryana.Lehar Footwears Limited operates through processes compliant with BIS standards. With over 30 years of industry experience, the Jaipur-based manufacturer specializes in non-leather mass footwear, covering products such as slippers, sandals, school shoes, sports shoes, and casual footwear for men, women, and children. The company manages approximately 1,300 active Stock Keeping Units (SKUs).
The order is intended to enhance revenue visibility for FY27 and aligns with the Company's strategy to expand its OEM business while continuing branded operations.
Management Perspective
Raj Kumar Agarwal, Chairman of Lehar Footwears Limited, commented on the successful contract win, stating: "We are pleased to have secured this high value OEM footwear order. It is a strong endorsement of our manufacturing scale, quality credentials and ability to execute high-volume supplies reliably." He added that OEM partnerships constitute an important growth pillar for Lehar, and the management intends to expand these collaborations across various categories while ensuring timely delivery to specification.Stock Price Movement
As of 10:26, shares of Lehar Footwears Ltd are edging higher, currently priced at ₹263.80 after gaining 2.43%. The stock has demonstrated significant intraday movement, trading between a low of ₹254.00 and the high recorded at ₹263.80.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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