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 ₹29,762.33 crore. The stock’s monthly return is 2.07%, while its 1-year return is 1.55%. The stock is 10.60% away from its 52-week high.

Metro Brands Ltd is a leading footwear retailer in India, renowned for its wide range of branded footwear. The company operates a number of retail brands and has a significant presence across the Indian market. With a strong focus on quality and comfort, Metro Brands has become a go-to brand for footwear enthusiasts. The company’s retail strategy has helped it expand its footprint across the country, catering to different customer segments.

Metro Brands has been consistently growing due to its customer-centric approach and innovative product offerings. Despite the challenges in the retail sector, the company has managed to maintain its market share and continue expanding. With the growing demand for branded footwear and the increasing number of retail outlets, Metro Brands is well-positioned for long-term growth in the Indian footwear industry.

Bata India Ltd

The Market Cap of Bata India Ltd is ₹15,806.32 crore. The stock’s monthly return is -0.18%, while its 1-year return is -7.82%. The stock is 8.24% away from its 52-week high.

Bata India Ltd is one of the most established footwear brands in India, with a rich legacy that dates back over 80 years. The company offers a wide range of footwear products for men, women, and children, and it has a strong retail presence across the country. Bata India has evolved from a traditional footwear company to a lifestyle brand, catering to both mass and premium market segments.

Despite facing headwinds in the retail sector, including shifting consumer preferences and growing competition, Bata India has managed to adapt by diversifying its product range and enhancing its retail experience. The company’s ability to leverage its brand equity and innovate in the footwear space continues to make it a leader in the Indian market. The stock’s performance reflects market dynamics and the evolving nature of consumer demand.

Relaxo Footwears Ltd

The Market Cap of Relaxo Footwears Ltd is ₹10,294.86 crore. The stock’s monthly return is 2.62%, while its 1-year return is -50.23%. The stock is 4.59% away from its 52-week high.

Relaxo Footwears Ltd is one of the largest manufacturers of footwear in India. The company has a diverse product range, which includes casual footwear, formal shoes, slippers, and sandals. Relaxo is known for its affordable pricing and durable products, making it a popular brand among the mass market. The company has a widespread distribution network and caters to customers across urban and rural areas.

Despite experiencing a significant dip in stock performance over the past year, Relaxo continues to dominate the Indian footwear market due to its wide product variety and strong distribution channels. The company’s efforts to enhance its digital presence and expand into new markets are expected to help it recover and regain investor confidence in the long term.

Liberty Shoes Ltd

The Market Cap of Liberty Shoes Ltd is ₹571.27 crore. The stock’s monthly return is 18.43%, while its 1-year return is 10.03%. The stock is 23.97% away from its 52-week high.

Liberty Shoes Ltd is a leading Indian footwear manufacturer known for its wide range of stylish and comfortable shoes. The company has built a strong presence in the Indian market through its extensive network of retail stores and online sales channels. Liberty Shoes offers a variety of footwear for men, women, and children, and it is recognized for its quality and affordability.

The company’s strong brand reputation, coupled with its innovative marketing strategies, has helped Liberty Shoes maintain its position in the competitive footwear market. The stock has seen positive growth, driven by increased consumer demand and a growing online presence. Liberty Shoes is focused on expanding its product offerings and retail footprint to further capitalize on the growing footwear market in India.

Khadim India Ltd

The Market Cap of Khadim India Ltd is ₹552.91 crore. The stock’s monthly return is 10.16%, while its 1-year return is -13.33%. The stock is 15.57% away from its 52-week high.

Khadim India Ltd is a prominent footwear retailer in India, offering a wide range of products including shoes, sandals, and slippers for men, women, and children. The company operates both through retail stores and an online platform, ensuring its products are accessible to a broad audience. Khadim’s focus on offering fashionable, durable, and affordable footwear has helped it build a loyal customer base.

Although the company has faced challenges in the stock market, it continues to expand its retail network and strengthen its brand presence across India. Khadim’s consistent focus on product innovation, retail expansion, and consumer engagement will be key factors in determining its future growth and stock performance.

Sreeleathers Ltd

The Market Cap of Sreeleathers Ltd is ₹542.80 crore. The stock’s monthly return is 7.13%, while its 1-year return is -22.35%. The stock is 8.50% away from its 52-week high.

Sreeleathers Ltd is a well-known footwear retailer in India, offering a wide selection of shoes and accessories for all age groups. The company operates through a network of retail stores in key cities, providing stylish and affordable footwear. Sreeleathers has gained a strong reputation for its high-quality products and customer-focused service.

Despite a decline in its stock price over the past year, Sreeleathers continues to expand its product offerings and improve its retail presence. The company’s commitment to offering trendy, durable, and budget-friendly footwear positions it as a leading brand in the Indian footwear market. With increasing consumer demand for footwear, Sreeleathers remains a competitive player in the industry.

Lehar Footwears Ltd

The Market Cap of Lehar Footwears Ltd is ₹458.06 crore. The stock’s monthly return is 28.01%, while its 1-year return is 66.92%. The stock is 111.70% away from its 52-week high.

Lehar Footwears Ltd is an emerging player in the Indian footwear market. The company has been gaining attention for its innovative designs and commitment to quality. Lehar Footwears offers a wide range of affordable footwear for various consumer segments, catering to both men and women. The company operates a growing network of retail stores and has expanded its presence in the online marketplace.

Lehar Footwears has demonstrated impressive growth in recent years, driven by its strong product offerings and expanding distribution channels. The company’s ability to innovate and adapt to changing market conditions has helped it remain competitive. With the increasing shift towards online shopping, Lehar Footwears is poised for continued success in the footwear market.

Mirza International Ltd

The Market Cap of Mirza International Ltd is ₹402.31 crore. The stock’s monthly return is 2.14%, while its 1-year return is -35.38%. The stock is 16.30% away from its 52-week high.

Mirza International Ltd is a prominent player in the leather footwear industry, offering a wide range of products such as formal shoes, casual footwear, and accessories. The company’s brands, including Red Tape and Bostant, have a strong presence in both the domestic and international markets. Mirza International is known for its high-quality leather products and stylish designs.

The company’s performance has been impacted by the volatility in the global leather market, but it continues to adapt and innovate. Despite recent challenges, Mirza International remains a key player in the footwear sector, with its strong brand portfolio and commitment to expanding its presence in international markets.

Super House Ltd

The Market Cap of Super House Ltd is ₹161.01 crore. The stock’s monthly return is -5.55%, while its 1-year return is -32.80%. The stock is 14.55% away from its 52-week high.

Super House Ltd is an Indian footwear manufacturer that specializes in leather footwear and accessories. The company produces a wide range of products, including safety shoes, casual footwear, and leather goods, catering to both domestic and international markets. Super House’s reputation for quality and craftsmanship has earned it a loyal customer base, especially in the export market.

Although the stock has faced challenges recently, Super House continues to innovate in product design and quality to remain competitive. The company’s focus on expanding its export business and improving its operational efficiency will be critical for its long-term growth and recovery in the stock market.

Phoenix International Ltd

The Market Cap of Phoenix International Ltd is ₹84.49 crore. The stock’s monthly return is 6.09%, while its 1-year return is 48.50%. The stock is 60.12% away from its 52-week high.

Phoenix International Ltd is a growing player in the footwear and leather industry. The company is known for producing high-quality leather products and has been expanding its footprint in both domestic and international markets. Phoenix International offers a wide variety of leather goods, including footwear, bags, and accessories, to meet the demands of a diverse customer base.

The company has shown significant growth in recent years, driven by its focus on quality and customer satisfaction. Despite facing challenges in the highly competitive footwear sector, Phoenix International remains well-positioned to capitalize on the growing demand for leather products, especially in international markets. The company’s ability to adapt to market trends and innovate will be crucial for its future success.

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.