Liberty Shoes has announced its audited result for fiscal year 13-14. Despite the economic slowdown, Liberty continued on its growth path and has registered an increase in profit before tax by 166.35 percent to Rs 14.02 Crores for the year ended March 2014 as compared to Rs 5.26 Crores a year ago. Company’s sales also increased by 32.41 percent by registering a record turnover of Rs 500.60 Crores from Rs 378.06 Crores in the same period last year.
Commenting upon the company’s performance, Adesh Gupta, Chief Executive Officer, Liberty Group said, “We are committed to our trusted customers and shareholders for further strengthening our balance sheet and providing attractive returns to our shareholders. We believe the strong performance of the company is sustainable in the future as all segments i.e. domestic, institutional, export are contributing majorly towards the growth of the company. We are confident that our exports will go up further as more and more countries in Gulf, Africa and Asia pacific as these countries have started showing interest in India and Liberty as one of trusted name.”
The company also announced 15 percent dividend for the shareholders of the company for fiscal year 13-14. The announcement of dividend reflects that the company is on a high growth trajectory and the move is consistent with the company’s commitment of delivering profitable growth for all its stakeholders. The company has also reported growth in its EPS which has increased by 146.51 percent.
During fiscal year 2013-14, the company has registered growth in volume/pairs by 33 percent at 113.10 lakh footwear, resulting from the fact that during 2013-14 the company has added new customers to their existing kitty and they have chosen Liberty as their preferred branded footwear partner.
