Apex Footwear revenue rises 14% to Tk943cr in H1

Infograph: TBS

Apex Footwear Limited reported robust financial performance in the first half of FY26, with revenue and profit rising sharply, supported by strong domestic demand, higher exports, and improved cost efficiency.

According to the company's unaudited half-yearly financial statements, revenue for July–December rose 14% year-on-year to Tk943 crore. Domestic sales increased 12% to Tk540 crore, while exports jumped 16% to Tk403 crore, reflecting the company's efforts to diversify its international markets and reduce reliance on a limited number of destinations.

The revenue growth translated into a 30% rise in net profit to Tk7.85 crore, with earnings per share at Tk3.99.

Omar Faruque, company secretary of Apex Footwear, told The Business Standard that the strong performance was driven by a combination of higher sales volumes and cost optimisation measures. "A major factor behind the growth was our founder's day sales campaign in September, which offered discounted prices and attracted a large number of customers," he said.

He added that export initiatives targeting new markets also contributed to a healthy increase in overseas earnings. Effective cost-control measures undertaken by management further supported profitability and margin improvement.

Quarterly data show that Apex Footwear has maintained a relatively stable revenue trend over the past five quarters, with seasonal sales campaigns causing some fluctuations. In Q2 (October–December), revenue declined 5% quarter-on-quarter to Tk459 crore from Tk484 crore in Q1. 

Faruque explained that unusually high sales between 26 and 28 September during the founder's day campaign made the following quarter appear lower, even though overall demand remained stable.

Profit figures over the past five quarters also show volatility influenced by sales timing and cost factors. In Q2, the company posted a profit of Tk5.35 crore, up from Tk2.49 crore in Q1, reflecting better operational efficiency and margin management.

Following the strong half-year results, investor sentiment improved, and Apex Footwear's share price rose 2.30% to close at Tk182.30 on the Dhaka Stock Exchange on Tuesday.