In the Union Budget 2025, Finance Minister Nirmala Sitharaman introduced a focused product scheme for the footwear and leather sectors. This initiative aims to promote high-quality leather footwear and strengthen the domestic manufacturing ecosystem.
The scheme is expected to generate significant employment, with an estimated 22 lakh jobs created in the sector. It targets a turnover of ₹4 lakh crore, which includes both domestic sales and export contributions, driving industry growth.
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The policy also emphasizes enhancing export potential, with a target of ₹1.1 lakh crore in footwear exports. By promoting these sectors, India aims to boost its global competitiveness and position itself as a major exporter of leather goods.
Following the announcement, several companies in the footwear sector saw a significant surge in their stock prices. These include:
Relaxo Footwears
On February 1, 2025, Relaxo Footwears Ltd. (RELAXO) opened at ₹535.45, down 2.60% from its previous close of ₹549.75. The stock reached a high of ₹598.55 and a low of ₹535.00. By 4:00 PM, it traded at ₹556.35, a 1.20% increase, with a market cap of ₹13,849.70 crore.
Relaxo Footwears Limited (NSE: RELAXO) is India’s largest footwear manufacturer, specializing in non-leather products such as slippers, shoes, and sandals. The company leads the ‘value’ segment and boasts brands like Relaxo, Sparx, Flite, and Bahamas, selling through various retail channels.
Mirza International
On February 1, 2025, Mirza International Ltd. opened at ₹31.51, down 1.17% from its previous close of ₹31.88. The stock reached a high of ₹38.25 (19.98%) and a low of ₹31.51. By 4:00 PM, it traded at ₹38.25, a 19.98% increase, with a market cap of ₹528.62 crore.
Mirza International Ltd. (NSE: MIRZAINT), established in 1979, is a leading manufacturer and exporter of finished leather and footwear. The company also trades in footwear, apparel, and allied products, serving both domestic and international markets.
Bata India
On February 1, 2025, Bata India Ltd. opened at ₹1,327.95, up 2.60% from its previous close of ₹1,294.30. The stock reached a high of ₹1,384.00 (6.45%) and a low of ₹1,288.40. By 4:00 PM, it traded at ₹1,377.80, a 6.45% increase, with a market cap of ₹17,708.52 crore.
Bata India Ltd. (NSE: BATAINDIA) is engaged in manufacturing and trading footwear and accessories through its retail and wholesale network. As of June 2024, Bata Corporation holds a 50% stake in the company, which operates globally with over 5,300 stores.
Campus Activewear
On February 1, 2025, Campus Activewear Ltd. opened at ₹275.65, up 1.11% from its previous close of ₹272.60. The stock reached a high of ₹314.95 (6.88%) and a low of ₹273.35. By 4:00 PM, it traded at ₹291.35, a 6.88% increase, with a market cap of ₹8,897.78 crore.
Campus Activewear Ltd. (NSE: CAMPUS) is one of India’s largest sports and athleisure footwear brands. Established in 2008, the company offers a wide range of footwear, including running shoes, casual shoes, and sandals, at affordable prices in various styles and colors.
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Liberty Shoes
On February 1, 2025, Liberty Shoes Ltd. opened at ₹397.15, up 0.46% from its previous close of ₹395.35. The stock reached a high of ₹434.85 (6.79%) and a low of ₹395.00. By 4:00 PM, it traded at ₹422.20, a 6.79% increase, with a market cap of ₹719.43 crore.
Liberty Shoes Ltd. (NSE: LIBERTSHOE), established in 1954, is a leading footwear manufacturer based in Karnal, Haryana. The company produces leather and non-leather footwear and lifestyle products, selling through a wide pan-India distribution network, including retail, e-commerce, and wholesale channels.
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.
