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 ₹33,752.65 crore. The stock’s 1-month return is 3.16%, while its 1-year return is 15.76%. It is currently 15.49% away from its 52-week high.

Metro Brands Ltd is a leading footwear retailer in India, known for its diverse portfolio of branded footwear and accessories. The company operates across various segments, catering to different customer demographics, including premium, mid-range, and value-for-money categories. With a strong distribution network and a mix of exclusive outlets, multi-brand outlets, and e-commerce platforms, Metro Brands has built a loyal customer base across the country.

The company’s strategic focus on expanding its retail presence and diversifying its product range has helped it maintain market relevance despite intense competition. Although the stock faced some headwinds in the past year, the company remains well-positioned to capitalise on the growing demand for branded footwear in India. Long-term growth prospects are supported by its innovative marketing strategies, partnerships with global brands, and consistent focus on enhancing customer experience.

Bata India Ltd

The Market Cap of Bata India Ltd is ₹17,152.00 crore. The stock’s 1-month return is -3.46%, while its 1-year return is -6.15%. It is currently 22.41% away from its 52-week high.

Bata India Ltd is one of the most recognised names in the Indian footwear market, with a legacy spanning several decades. Renowned for its affordable and durable footwear, Bata caters to a broad audience, offering products for formal, casual, sports, and children’s segments. Its extensive retail network, which includes exclusive stores and online platforms, ensures a strong foothold in both urban and rural markets.

While the company has faced challenges over the past year due to changing market dynamics and growing competition, it continues to innovate and enhance its product portfolio to meet consumer demands. Bata’s ongoing efforts to modernise its stores and increase its digital presence have positioned it for future growth in an evolving retail environment.

Relaxo Footwears Ltd

The Market Cap of Relaxo Footwears Ltd is ₹13,333.15 crore. The stock’s 1-month return is -13.06%, while its 1-year return is -39.05%. It is currently 77.18% away from its 52-week high.

Relaxo Footwears Ltd is a well-established player in the Indian footwear industry, catering to the value segment with a focus on affordability and comfort. The brand is highly popular for its range of slippers, sandals, and shoes that appeal to budget-conscious consumers across the country. Its robust distribution network ensures a significant presence in rural and semi-urban markets.

Despite a challenging year marked by subdued performance, Relaxo continues to demonstrate resilience by focusing on operational efficiencies and product innovation. Its brand strength and affordability have allowed it to maintain a competitive edge, even as consumer preferences evolve.

Liberty Shoes Ltd

The Market Cap of Liberty Shoes Ltd is ₹786.82 crore. The stock’s 1-month return is -4.16%, while its 1-year return is 38.72%. It is currently 22.63% away from its 52-week high.

Liberty Shoes Ltd is a household name in the Indian footwear sector, recognised for its quality and innovative designs. The company caters to a diverse range of consumers, offering products for formal, casual, and sportswear segments. With an extensive presence across India and a growing online footprint, Liberty is well-positioned to meet the needs of modern consumers.

The company’s focus on introducing new designs and leveraging digital platforms has fueled its recent growth, particularly as it aligns with the changing preferences of younger customers. Liberty’s commitment to quality and innovation continues to strengthen its position in the competitive footwear market.

Khadim India Ltd

The Market Cap of Khadim India Ltd is ₹650.69 crore. The stock’s 1-month return is -2.91%, while its 1-year return is -6%. It is currently 24.29% away from its 52-week high.

Khadim India Ltd is a leading footwear brand in India, offering a mix of affordable and premium products. Known for its strong presence in the eastern region, the company has successfully expanded its reach across other parts of India. Its retail network, supported by franchise partnerships, provides access to a wide consumer base.

While Khadim faced certain challenges in the past year, its strategic focus on operational efficiency and product diversification is paving the way for recovery. The company’s efforts to enhance its online presence and tap into emerging consumer trends position it for long-term growth.

Sreeleathers Ltd

The Market Cap of Sreeleathers Ltd is ₹571.47 crore. The stock’s 1-month return is -5.68%, while its 1-year return is -36.49%. It is currently 63.23% away from its 52-week high.

Sreeleathers Ltd is a well-known footwear company that specialises in affordable and durable products for a wide customer base. Its strong presence in the eastern region of India and its growing footprint in other regions make it a trusted brand among cost-conscious consumers. The company’s focus on value-for-money products has helped it maintain a stable customer base despite market fluctuations.

Over the past year, Sreeleathers has faced challenges in maintaining growth due to competitive pressures and changing consumer preferences. However, its emphasis on quality and affordability, along with efforts to expand its retail network, has enabled it to remain relevant in the market.

Mirza International Ltd

The Market Cap of Mirza International Ltd is ₹523.37 crore. The stock’s 1-month return is -0.59%, while its 1-year return is -29.71%. It is currently 46.5% away from its 52-week high.

Mirza International Ltd is a prominent player in the footwear industry, known for its export-oriented approach and premium leather products. The company’s flagship brand, Red Tape, has gained significant traction both in India and overseas markets. Its focus on high-quality products and global standards has made it a preferred choice for premium footwear.

While the past year has seen some challenges, particularly in domestic demand, Mirza International continues to strengthen its portfolio with innovative designs and sustainable practices. Its strategy of diversifying its markets and enhancing its brand presence positions it for a recovery in the coming years.

Lehar Footwears Ltd

The Market Cap of Lehar Footwears Ltd is ₹460 crore. The stock’s 1-month return is -6.09%, while its 1-year return is 95.83%. It is currently 19.86% away from its 52-week high.

Lehar Footwears Ltd has established itself as a niche player in the footwear segment, catering primarily to the mass market with affordable and comfortable footwear. The company’s emphasis on cost efficiency and its widespread presence in semi-urban and rural markets have contributed to its robust growth over the years.

The company’s focus on expanding its product line and investing in technology to improve customer experience has strengthened its position in the industry. Despite a volatile market, Lehar Footwears has demonstrated resilience, showcasing consistent growth and adapting to changing market demands.

Super House Ltd

The Market Cap of Super House Ltd is ₹214.33 crore. The stock’s 1-month return is -1.51%, while its 1-year return is -18.83%. It is currently 27.51% away from its 52-week high.

Super House Ltd is a leading exporter of leather products and footwear, catering to a global clientele. Known for its high-quality manufacturing processes, the company has built a strong reputation in international markets for its innovative and durable products. Its product range includes leather accessories, safety footwear, and casual footwear.

Despite a challenging year, Super House continues to focus on enhancing its operational efficiencies and expanding its export portfolio. Its efforts to explore new markets and maintain quality standards have positioned it as a key player in the global leather and footwear industry.

Phoenix International Ltd

The Market Cap of Phoenix International Ltd is ₹101.74 crore. The stock’s 1-month return is -6.65%, while its 1-year return is 47.07%. It is currently 30.5% away from its 52-week high.

Phoenix International Ltd is a small yet growing player in the footwear and leather industry, offering a range of stylish and affordable footwear options. The company’s focus on design innovation and cost-effective manufacturing processes has allowed it to carve a niche in a highly competitive market.

While relatively smaller in scale, Phoenix International’s commitment to quality and its adaptability to market trends have contributed to its steady growth. Its strategy to enhance its product mix and expand its distribution network ensures a promising future for the company.

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.