Lehar Footwears Delivers Landmark FY26 Results; Revenue Jumps 55% and Profit Soars Nearly 92%

Lehar Footwears Delivers Landmark FY26 Results; Revenue Jumps 55% and Profit Soars Nearly 92%​

Jaipur, May 25, 2026 – Lehar Footwears Limited, a leading regional manufacturer of non-leather, high-quality footwear, has announced its Audited Financial Results for the fourth quarter (Q4) and the full year (FY26). The company reported significant growth across key metrics, achieving its highest-ever annual revenue and substantial increases in profitability.

Key Financial Performance Highlights​

The financial results for FY26 demonstrate robust year-over-year growth. The following table summarizes the standalone financial performance:


During FY26, the company's Total Income reached ₹ 431.3 crore, marking a 55% increase year-on-year. Profit After Tax (PAT) almost doubled to ₹ 20.8 crore. The PAT Margin expanded 91.4 basis points to 4.8% from 3.9% in FY25, supported by flat depreciation charges and lower interest costs. Furthermore, the Return on Capital Employed (RoCE) improved significantly to 18% in FY26, up from 12% in FY25, demonstrating healthy operating profit growth and reduced reliance on debt.

Growth Across Business Verticals​

The strong performance was driven by growth in both the core footwear business and the emerging toolkit segment.

Footwear Segment:
The Footwear segment saw revenue grow by 16% year-on-year to ₹ 208.7 crore in FY26. This growth was supported by new product launches and a broader product mix. Operationally, the company expanded its OEM supply into the athleisure category, onboarding prominent brands including Spykar, Red Chief, Cult Fit, and Lee Cooper, thereby opening a new institutional growth channel.

Lehar is also strengthening its distribution network for premium and fashion footwear. Progress has been made on the new Kundli (Sonipat) athleisure facility, which involves a five-fold capacity expansion, aiming to increase capacity from approximately 1 lakh to 5 lakh pairs per month, with commercial operations expected from Q2 FY27.

Toolkit Business:
The Toolkit business emerged as a significant second revenue stream for the Company in FY26, recording segment revenue of ₹ 249.5 crore. Lehar has successfully cumulatively delivered approximately 2,00,000 toolkits under the PM Vishwakarma Scheme over the last 18 months. The segment is noted for being structurally asset-light, possessing negligible working capital intensity and a Return on Capital Employed of around 100%.

Mr. Raj Kumar Agarwal, Chairman of Lehar Footwears Limited, commented on the performance, stating, "FY26 has been a landmark year for Lehar Footwears. We have delivered our highest-ever annual revenue and profitability, meaningfully expanded our return ratios, and continued to strengthen the balance sheet."

Mr. Agarwal added that future growth catalysts include the new expanded Kundli athleisure facility commencing operations in Q2 FY27, a supportive GST regime, and the upcoming larger phase of the PM Vishwakarma Scheme, which proposes an allocation of ₹ 3,861 crore to the Scheme for FY26-27.

Stock Price Movement​

At 09:56, Lehar Footwears Ltd shares are ticking down to ₹249.40, showing a dip of 0.95% in trading. The stock has moved through a notable intraday range, having traded between a low of ₹245.00 and a high of ₹258.00.