Best Footwear Stocks in India – Footwear Stocks

Footwear stocks refer to shares of companies involved in the design, manufacturing and sale of footwear, including shoes, sandals and sportswear. These stocks are part of the retail and consumer goods sectors, offering investment opportunities linked to trends in fashion, lifestyle and consumer demand.

The table below shows the best footwear stocks in India based on the highest market capitalisation and 1-year return.

Introduction to Footwear Stocks List

Metro Brands Ltd

The Market Cap of Metro Brands Ltd is Rs. 34,478.54 crores. The stock’s monthly return is 9.7%, and its one-year return is -4.97%. The stock is 15.94% away from its 52-week high.

Metro Brands Ltd is a leading footwear retailer in India, known for offering a wide range of branded shoes, sandals, and accessories. It operates both online and offline, with a presence in major cities across the country.

Founded in 1977, Metro Brands has become a recognized name in the Indian footwear industry. The company focuses on offering fashionable, high-quality products at affordable prices, targeting diverse customer segments with its multiple brand offerings.

Bata India Ltd

The Market Cap of Bata India Ltd is Rs. 17,146.86 crores. The stock’s monthly return is 1.84%, and its one-year return is -15.93%. The stock is 21.94% away from its 52-week high.

Bata India Ltd is one of India’s oldest and most well-known footwear retailers. The company offers a variety of footwear products, including casual shoes, formal shoes, sandals, and sports shoes, catering to men, women, and children.

Founded in 1931, Bata India has a rich legacy in the Indian footwear market. It is known for its high-quality products and an extensive network of retail outlets across India, with a strong presence in both urban and rural markets.

Relaxo Footwears Ltd

The Market Cap of Relaxo Footwears Ltd is Rs. 15,522.57 crores. The stock’s monthly return is -2.43%, and its one-year return is -30.09%. The stock is 51.6% away from its 52-week high.

Relaxo Footwears Ltd is a prominent Indian manufacturer of footwear, offering a wide range of shoes, sandals, and slippers. The company targets both value-conscious customers and premium segments through its diverse portfolio of brands.

Established in 1976, Relaxo Footwears is known for its strong focus on quality, innovation, and affordability. The company has a well-established presence in India and abroad, catering to various customer needs with both mass-market and premium products.

Liberty Shoes Ltd

The Market Cap of Liberty Shoes Ltd is Rs. 820.39 crores. The stock’s monthly return is 2.53%, and its one-year return is 66.99%. The stock is 19.23% away from its 52-week high.

Liberty Shoes Ltd is a well-known Indian footwear manufacturer, offering a variety of stylish and affordable footwear products for men, women, and children. The company has a wide retail footprint in India and an expanding presence in international markets.

Founded in 1954, Liberty Shoes has built a reputation for quality craftsmanship. The company’s commitment to design innovation and customer satisfaction has helped it become one of the largest footwear brands in India.

Khadim India Ltd

The Market Cap of Khadim India Ltd is Rs. 669.52 crores. The stock’s monthly return is -1.03%, and its one-year return is -0.48%. The stock is 20.88% away from its 52-week high.

Khadim India Ltd is a leading footwear and accessories retailer in India. It offers a wide range of products, including shoes, sandals, and slippers, catering to both men and women across various income segments.

Khadim India was established in 1981 and has steadily expanded its presence in India with a strong retail network. The company is known for its focus on quality and affordability, targeting the mid-range consumer market.

Sreeleathers Ltd

The Market Cap of Sreeleathers Ltd is Rs. 583.9 crores. The stock’s monthly return is 6.03%, and its one-year return is -30.91%. The stock is 66.46% away from its 52-week high.

Sreeleathers Ltd is a prominent Indian footwear company, offering a diverse range of stylish and durable footwear products. The company has built a strong retail presence across India, serving customers from both urban and rural areas.

Founded in 1984, Sreeleathers has become a significant player in the Indian footwear industry. The company focuses on providing high-quality products at competitive prices, targeting the mass market and catering to various fashion preferences.

Mirza International Ltd

The Market Cap of Mirza International Ltd is Rs. 506.23 crores. The stock’s monthly return is -4.19%, and its one-year return is -21.64%. The stock is 72.69% away from its 52-week high.

Mirza International Ltd is an Indian footwear manufacturer known for producing both branded and non-branded footwear. The company offers a variety of leather and non-leather shoes, including formal and casual styles, targeting different customer segments.

Founded in 1979, Mirza International has grown into a leading name in the footwear manufacturing sector. The company’s strong emphasis on quality, innovation, and timely delivery has helped it establish a significant market presence.

Lehar Footwears Ltd

The Market Cap of Lehar Footwears Ltd is Rs. 446.3 crores. The stock’s monthly return is 9.76%, and its one-year return is 83.5%. The stock is 9.15% away from its 52-week high.

Lehar Footwears Ltd is an established Indian footwear manufacturer that produces a variety of footwear products, including sandals, slippers, and shoes. The company offers products for men, women, and children, catering to different needs and budgets.

Lehar Footwears has a reputation for offering affordable and high-quality footwear. The company is known for its innovation in designs and its ability to stay on top of market trends, helping it maintain a strong position in the footwear industry.

Super House Ltd

The Market Cap of Super House Ltd is Rs. 218.85 crores. The stock’s monthly return is -0.31%, and its one-year return is -15%. The stock is 32.02% away from its 52-week high.

Super House Ltd is a leading Indian manufacturer of leather footwear and accessories. The company specializes in producing high-quality leather shoes, sandals, and boots, catering to both domestic and international markets.

Founded in 1980, Super House Ltd has grown to become a significant player in the leather footwear industry. The company emphasizes craftsmanship and quality, exporting its products to various countries, while maintaining a strong domestic presence.

Phoenix International Ltd

The Market Cap of Phoenix International Ltd is Rs. 99.36 crores. The stock’s monthly return is -4.79%, and its one-year return is 46.42%. The stock is 39.1% away from its 52-week high.

Phoenix International Ltd is an Indian footwear company known for manufacturing and selling shoes, slippers, and sandals. The company offers a wide range of products, catering to different age groups and income segments.

Founded in 1991, Phoenix International has steadily expanded its footprint in the Indian footwear market. With a focus on innovation and customer satisfaction, the company has earned a reputation for quality and durability in its products.

What are Footwear Stocks in India?

Footwear stocks in India represent shares of companies involved in the production, distribution and retail of footwear products. These companies can range from large multinational corporations to smaller, locally-based manufacturers, catering to diverse consumer needs and preferences in the footwear market. 

Investing in footwear stocks can provide insights into the growing retail and fashion sectors in India. The market is influenced by factors such as changing consumer trends, economic growth and increasing disposable incomes, which collectively drive demand for various types of footwear across different demographics.

Features of Footwear Stocks in India

The key feature of footwear stocks in India is Brand Recognition. Footwear companies with strong brand names enjoy customer loyalty, which translates into consistent sales and profits. Brand equity helps maintain competitive positioning, allowing companies to command premium prices and fend off competitors.

1. Diverse Product Range: Most footwear companies in India offer a wide variety of products, including casual, formal and sports shoes. This product diversity helps them cater to different customer segments and maintain a balanced revenue stream.
2. Rising Disposable Income: The increasing purchasing power of Indian consumers drives demand for branded footwear. As disposable income rises, consumers are more likely to invest in high-quality and premium footwear, boosting sales for established companies.
3. Urban and Rural Market Growth: Footwear stocks in India benefit from growth in both urban and rural markets. Companies strategically expand their distribution networks to reach underserved rural areas while maintaining a strong presence in metropolitan cities.
4. Export Opportunities: Indian footwear manufacturers are expanding globally, tapping into international markets. This export potential allows companies to diversify their revenue sources, reduce domestic market risks and increase profitability through foreign demand.

Top Footwear Stocks in India Based on 6-Month Return

The table below shows the top footwear stocks in India based on 6-month returns.

Best Footwear Stocks in India Based on 5-Year Net Profit Margin

The table below shows the best footwear stocks in India based on 5-year net profit margin.

List of Footwear Sector Stocks Based on 1M Return

The table below shows the list of footwear sector stocks based on a 1-month return.

High Dividend Yield Best Footwear Stocks in India

The table below shows the high dividend yield best footwear stocks in India.

Historical Performance of Footwear Stocks in India

The table below shows the historical performance of footwear stocks in India based on  5-year CAGR.

Factors to consider when investing in footwear stocks in India

The factor to consider when investing in footwear stocks in India is market demand. Growing consumer preferences, fashion trends and increasing disposable income drive demand. Analyzing these factors helps identify growth potential for companies in this sector.

1. Brand Strength: Footwear companies with a strong brand identity are more likely to thrive. Recognized brands command customer loyalty and premium pricing, enhancing profitability. Assess the brand’s presence and consumer perception before investing.
2. Raw Material Costs: Footwear production relies heavily on raw materials like leather, rubber and synthetics. Fluctuations in these costs can impact profit margins. Investors should track commodity prices and their effect on production costs.
3. Distribution Network: A well-established distribution network ensures that products reach customers effectively. Footwear companies with a broad retail and e-commerce presence are better positioned to increase sales, providing a solid foundation for future growth.
4. Innovation and Sustainability: Companies focusing on innovation, especially sustainable practices, gain a competitive edge. Look for brands that emphasize eco-friendly materials, ethical sourcing and innovative designs, as these factors increasingly influence consumer choices.
5. Government Regulations: Regulations around labour, trade and environmental policies can impact the footwear industry. Investors should be aware of any changes in policies that may affect production costs, exports, or overall operations of footwear companies.

How to Invest in Footwear Sector Stocks?

To invest in footwear sector stocks, start by researching leading companies in the industry, analyzing their financials and understanding market trends. Use platforms like  Alice Blue to access stock markets and monitor stock performance. Diversify by investing in both established brands and emerging companies for balanced risk management and potential growth in this sector.

Impact of Government Policies on Footwear Stocks

Government policies can significantly impact footwear stocks by influencing production costs, supply chains and consumer demand. Taxation policies, such as changes in GST rates, can directly affect the profitability of footwear companies by altering the cost structure and pricing.

Additionally, import-export regulations and tariffs can impact raw material availability and production costs, potentially affecting stock prices. Favourable trade policies may benefit companies with global reach.

Moreover, policies promoting domestic manufacturing, like “Make in India,” can boost local production, benefiting companies with strong local manufacturing capabilities and positively affecting their stock performance.

How Footwear Sector Stocks Perform in Economic Downturns?

Generally, during times of economic uncertainty, consumers tend to reduce their discretionary spending, which can negatively impact sales for footwear companies. As a result, stocks in the footwear industry may experience volatility, reflecting these shifts in consumer behaviour and spending patterns.  

However, some companies within the sector may show resilience by adapting their strategies. Brands that offer affordable or essential products often perform better during downturns, as they cater to cost-conscious consumers. Thus, not all footwear stocks are affected equally in challenging economic times.

Advantages of investing in footwear stocks?

The primary advantage of investing in footwear stocks is a growing consumer base. Footwear companies benefit from a continuously expanding customer base due to increasing populations and higher consumer spending, leading to consistent demand for various types of footwear, from casual to performance-driven products.

1. Brand Loyalty: Established footwear brands enjoy strong customer loyalty, which translates into sustained revenue. Loyal customers tend to make repeat purchases, providing companies with a stable income and driving the growth of share prices.
2. Innovations and Trends: Footwear companies regularly introduce innovative designs, sustainable materials and new technologies. These innovations capture consumer interest and increase the marketability of products, ensuring profitability for investors over the long term.
3. Global Expansion Opportunities: Footwear stocks benefit from globalization, as companies expand into new, emerging markets. This expansion enables firms to tap into growing economies and diverse customer bases, increasing their market reach and revenue potential.
4. Diverse Product Lines: Footwear companies often offer diverse product lines, from luxury to affordable options. This variety allows them to target different consumer segments, minimizing risks and generating stable revenues from multiple sources.

Risks of investing in footwear stocks in India?

The main risk of investing in footwear stocks in India is their vulnerability to fluctuating consumer preferences and fashion trends. Changes in consumer behaviour can drastically impact demand, causing stock prices to be volatile and unpredictable.

1. Economic Downturns: During periods of economic slowdown, discretionary spending on footwear may decline, leading to reduced sales and profitability for footwear companies, which can negatively affect their stock performance and investor returns.
2. High Competition: The footwear industry in India faces intense competition from both domestic and international brands. Increased competition may lead to shrinking market share, pricing pressures and reduced profit margins for companies in this sector.
3. Supply Chain Disruptions: Footwear companies rely on efficient supply chains for raw materials and manufacturing. Any disruptions due to global events, strikes, or logistics issues can affect production, delay deliveries and impact financial performance.
4. Rising Raw Material Costs: Increases in the prices of raw materials like leather, rubber and synthetic fibres can lead to higher production costs. Companies may struggle to pass these costs onto consumers, squeezing profit margins and stock values.
5. Regulatory and Tax Changes: Unexpected changes in government policies, taxes, or trade regulations can impact footwear companies’ operations and profitability. New tariffs or import restrictions may lead to increased costs, reducing a company’s competitive edge and stock stability.

Footwear Sector Stocks GDP Contribution

The footwear sector plays a vital role in India’s economy by contributing significantly to its GDP. As one of the largest producers globally, India has a robust manufacturing base, offering employment to millions. The sector’s growth is driven by rising domestic demand and exports.

This industry benefits from increasing urbanization, disposable incomes and consumer preferences for branded products. It also helps boost ancillary industries like leather and retail. With government initiatives supporting manufacturing, the footwear sector’s GDP contribution is expected to grow in the coming years.

Who Should Invest in Footwear Stocks?

Investing in footwear stocks can be a lucrative opportunity for various types of investors. This sector often showcases steady growth driven by consumer demand, making it an appealing option for those looking to diversify their portfolios and capitalize on market trends.

1. Growth-Oriented Investors: Those seeking capital appreciation will find footwear stocks attractive, as this sector has shown consistent growth due to rising consumer demand and brand loyalty.
2. Long-Term Investors: Investors with a long-term horizon can benefit from the steady performance of well-established footwear companies, which tend to maintain stability even during economic downturns.
3. Value Investors: Individuals looking for undervalued stocks may find opportunities in smaller or emerging footwear brands that have the potential for significant growth as the market expands.
4. Income Seekers: Some footwear companies offer dividends, making them suitable for investors who prioritize income generation alongside capital appreciation.
5. Sustainable Investors: Those interested in socially responsible investing may focus on brands committed to sustainable practices, which are becoming increasingly important in the footwear industry.

Why Footwear Stocks are Falling?

Footwear stocks are falling due to several factors, including rising raw material costs, supply chain disruptions and decreased consumer spending. Additionally, inflation concerns and changing consumer preferences toward casual and sustainable footwear are impacting sales. Companies may also face increased competition from e-commerce and discount retailers, further affecting stock performance.

Top Footwear Stocks in India FAQs

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Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time. The securities quoted are exemplary and are not recommendatory.