Calculate your SIP ReturnsExplore
In the world of fashion, footwear plays a significant role in completing the outfit and making a style statement. From formal events to casual outings, the right pair of shoes can elevate any outfit. India, known for its diverse culture and rich heritage, is not only a land of colours and traditions but also a thriving market for various industries.
In the Indian footwear market, gender plays a significant role, with the market divided into males and females. Within this segmentation, the female segment holds the largest market share compared to male consumers.
Footwear companies constantly launch new and trendy products which attracted consumers and the availability of a diverse range of footwear designs, patterns, and types has become a key factor in attracting consumers and propelling market expansion.
Also, the arrival of e-commerce platforms and the growing penetration of internet connectivity have revolutionized the way consumers shop for footwear. Online sales have given a significant boost in recent years. This shift in consumer behaviour has profoundly impacted the footwear market in India.
The Indian Footwear market size reached USD 15.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach USD 31.2 Billion by 2028, exhibiting a growth rate of 12% CAGR during 2023-2028.
In this article, we are going to compare the footwear companies listed in the Indian markets in terms of their Price to earnings, Profit Margins, Earnings growth, returns generated, and the stock’s performance during the past year. The list is synchronized as per the stock’s performance during the past year.
| Company Name | CMP (Rs) | Mar Cap Rs in Cr | P/E (Times) | FY23 OPM % | EPS FY22 | EPS FY23 | ROCE % | ROE % | 1-Year Return % |
| Lehar Footwears | 131.0 | 195.9 | 38.2 | 6.9 | 1.8 | 3.4 | 8.2 | 6.4 | 251.6 |
| Mirza International | 51.6 | 713.1 | 27.2 | 9.9 | 9.2 | 1.9 | 6.4 | 4.3 | 92.0 |
| Liberty Shoes | 241.1 | 410.8 | 31.3 | 9.4 | 1.3 | 7.6 | 9.9 | 6.8 | 82.0 |
| Superhouse Ltd | 219.5 | 242.0 | 9.1 | 7.4 | 32.2 | 24.1 | 8.5 | 6.2 | 34.9 |
| Khadim India | 233.0 | 418.7 | 23.9 | 11.0 | 3.6 | 9.7 | 10.5 | 8.1 | 25.3 |
| Sreeleathers | 196.0 | 453.8 | 17.7 | 17.9 | 7.1 | 11.1 | 9.8 | 7.2 | 24.6 |
| Bata India | 1,650.0 | 21,207.0 | 65.6 | 23.0 | 8.0 | 25.1 | 19.2 | 19.9 | 0.4 |
| Campus Activewear | 321.3 | 9,797.0 | 83.7 | 17.1 | 3.6 | 3.8 | 23.1 | 23.9 | -2.1 |
| Relaxo Footwear | 910.8 | 22,673.3 | 146.8 | 12.1 | 9.4 | 6.2 | 11.6 | 8.6 | -7.1 |
| Company Name | CMP (Rs) | FY23 Net Profit (Rs in Cr) |
| Bata India | 1,650.0 | 323.0 |
| Relaxo Footwear | 910.8 | 154.5 |
| Campus Activewear | 321.5 | 117.1 |
| Superhouse Ltd | 219.5 | 30.3 |
| Mirza International | 51.6 | 26.2 |
The Indian footwear market has witnessed significant growth in recent years, driven by a combination of factors such as rising disposable incomes, changing fashion trends, increasing urbanization, and a growing awareness of foot health. North India, with its high consumption and production capabilities, stands out as a key player in the Indian footwear market. Agra’s emergence as the largest footwear production centre contributed to both domestic consumption and footwear exports.
Considering the huge population of India and its large consumer base this industry has the potential to showcase growth in the future. Investors must keep these stocks on their radar.
We're Live on WhatsApp! Join our channel for market insights & updates
Enjoy Zero Brokerage on Equity Delivery
Join our 2 Cr+ happy customers
Get the link to download the App
