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. 33,899.30 crores. The stock’s monthly return is -6.12%. Its one-year return is 13.55%. The stock is 15.62% away from its 52-week high.

Metro Brands Limited is a speciality retailer based in India, focusing on footwear and accessories. The company offers a wide selection of branded products for men, women, children and unisex items, catering to both casual and formal occasions.

With around 739 stores in 174 cities across 31 states and union territories in India, the company also sells accessories such as belts, bags, socks, masks, wallets and both foot and shoe care products. Its distribution channels include its websites, various e-commerce platforms and social media.

Relaxo Footwears Ltd

The Market Cap of Relaxo Footwears Ltd is Rs. 20,849.85 crores. The stock’s monthly return is 2.90%. Its one-year return is -6.96%. The stock is 14.50% away from its 52-week high.

Relaxo Footwears Limited, an Indian footwear manufacturing company, operates in three primary categories: Relaxo & Bahamas, Flite and Sparx. The company’s portfolio includes a range of well-known brands such as Relaxo, Flite, Sparx, Bahamas, Boston, Mary Jane and Kid’s Fun. Relaxo is a popular brand known for its rubber slippers catering to all customer segments, while Flite offers a selection of semi-formal slippers. 

Sparx specializes in sports shoes, sandals and slippers, Bahamas offers flip flops, Boston provides formal footwear for men, Mary Jane offers modern women’s footwear and Kid’s Fun offers footwear for children. The company’s product range includes formal, casual, running, athleisure, walking and gym shoes, as well as sandals and slippers in categories such as Sandals & Clogs, Flip Flops & Slides and Chappals & Slippers.  

Bata India Ltd

The Market Cap of Bata India Ltd is Rs. 18,329.31 crores. The stock’s monthly return is -0.32%. Its one-year return is -14.50%. The stock is 20.91% away from its 52-week high.

Bata India Limited is a footwear retailer and manufacturer based in India. The company specializes in the production and sale of footwear and accessories through its retail and wholesale networks. It offers a variety of brands, including Bata, Bata Comfit, Hush Puppies, North Star, Power, Bata Red Label, Scholl and Weinbrenner. 

Its non-retail division includes multi-brand outlets, key accounts and industrial and institutional sectors, as well as export activities. Bata’s product range caters to men, women and children, encompassing shoes, bags, apparel and accessories. 

Liberty Shoes Ltd

The Market Cap of Liberty Shoes Ltd is Rs. 832.23 crores. The stock’s monthly return is -2.35%. Its one-year return is 95.67%. The stock is 13.64% away from its 52-week high.

Liberty Shoes Limited is an India-based company focused on manufacturing and trading footwear, accessories and lifestyle products through its retail, e-commerce and wholesale networks. Its brand portfolio includes AHA, Coolers, Footfun, Force10, Fortune, Gliders, Healers, leap7x, Prefect and Senorita. 

The company offers a variety of accessories, including shoe care products, stylish backpacks and ladies’ handbags. It markets its products across India through 4,000 retail partners and exports to over 25 countries worldwide. The company’s manufacturing facilities are located in Kamal, Libertypuram and Gharaunda in Haryana, as well as in Roorkee, Uttarakhand and Paonta Sahib, Himachal Pradesh.

Khadim India Ltd

The Market Cap of Khadim India Ltd is Rs. 672.10 crores. The stock’s monthly return stands at -3.06%. Its one-year return is 37.97%. Additionally, the stock is 20.32% away from its 52-week high.

Khadim India Limited is a branded footwear company based in India. The company operates in the footwear and accessories sector through two main business verticals: retail and distribution, each catering to distinct customer bases, sales channels and product offerings.

Its retail products are generally more premium than those available through its distribution network and are sold through a combination of company-owned stores and franchises. The retail range includes leather and non-leather sandals, slippers, boots, ballerinas, stilettos, moccasins, sports shoes and accessories like socks, shoe polish, brushes, leather belts, wallets and laptop bags. 

Sreeleathers Ltd

The Market Cap of Sreeleathers Ltd is Rs. 667.56 crores. The monthly return is -2.57%. The one-year return is 22.81%. The stock is 50.43% away from its 52-week high.

Sreeleathers Limited is an India-based company involved in the footwear and leather accessories business. It operates as both a retailer and wholesaler, offering a diverse range of products including shoes, sandals, chappals, nagra, belts, wallets, bags, leather garments, speciality boxes, socks and masks. 

The company caters to men, women and children, providing various types of shoes such as formal, casual and canvas options. Sreeleathers has three operational business units, with two located in the New Market area of Kolkata and one in the Panchavati area of Jaipur. Additionally, the company operates over 40 stores throughout India.

Mirza International Ltd

The Market Cap of Mirza International Ltd is Rs. 611.82 crores. The stock’s monthly return is 1.12%. Its one-year return is 0.27%. The stock is 43.66% away from its 52-week high.

Mirza International Limited is an India-based manufacturer, marketer and exporter of leather footwear. The company operates through two main segments: the Export Division and the Domestic Division, both involved in producing finished footwear, leather goods and other items. 

Its Private Label/White Label Business focuses on the design, development, manufacturing, exporting and selling of leather footwear for various private labels in the United Kingdom, the United States and other countries. The Branded Business, known as Redtape, encompasses the design, development, trading, marketing and retailing of leather shoes, sports shoes, garments and accessories under the REDTAPE brand and other company-owned brands. 

Super House Ltd

The Market Cap of Super House Ltd is Rs. 251.90 crores. The stock’s monthly return is 0.09%. Its one-year return is 5.83%. The stock is 20.36% away from its 52-week high.

Superhouse Limited, an India-based company, specializes in manufacturing and exporting leather goods and textile products. The company’s offerings range from footwear for men, women and children to safety footwear, leather accessories, safety wear and equestrian products.

Phoenix International Ltd

The Market Cap of Phoenix International Ltd is Rs. 128.41 crores. The stock’s monthly return is 46.66%. Its one-year return is 174.10%. The stock is currently 5.78% away from its 52-week high.

Phoenix International Limited is an India-based company involved in leasing buildings and manufacturing shoe uppers in Chennai, India. It operates through two main segments: Shoe Uppers Manufacturing and Rental Services for Immovable Properties. The company has subsidiaries, including Phoenix Industries Limited and Phoenix Cement Limited and it maintains a manufacturing facility for shoe uppers in Chennai.

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.