Best Footwear Stocks In India

Large corporations and small, specialized businesses may be found among the many footwear enterprises that call India home.

Recent years have seen a tremendous expansion of the footwear market and the footwear stocks in India, driven by increased disposable income, urbanization, and shifting fashion trends. Investing in the right footwear company may be successful if you do your homework and choose the appropriate stocks.

Hence, whether you are an experienced investor trying to diversify your portfolio or a novice just getting started, this blog article will give you useful insights into the Indian footwear industry and assist you in making wise investment choices.

In this blog, we are talking about some of the well-known footwear stocks in India and why they can be fantastic investments.

The Footwear Industry: A Synopsis

India has one of the largest footwear industries in the world. The market is extremely fragmented, with many businesses competing in different categories, such as dress shoes, athletic shoes, sandals, and flip-flops.

Many foreign companies with a large presence in the Indian market, including Nike, Adidas, Puma, and Reebok, have their presence in India. Nonetheless, domestically grown competitors are also dominating the market and expanding quickly.

Many reasons, such as increased disposable income, expanding urbanization, shifting consumer preferences, and a growing emphasis on health and fitness, drive the footwear sector in India.

Favourable government initiatives like the Make in India project, which aims to increase domestic production and exports, are also helping the business.

Top Footwear Stocks India 2023

To give you a better grasp of this market, let's look at some of the most well-known footwear shares-

Get the complete list of Footwear Stocks here.

Factors to Consider Before Investing in Footwear Stocks in India

There are several important variables to consider before investing in Indian footwear companies to make a wise choice.

The following are some of the most crucial things to remember:

• Business Financials

Before investing, it is important to think carefully about the company's financial situation. Pay attention to the company's revenue, profit margins, debt load, and cash flow.

Verify the company's good financial standing and long history of prosperity.

• Market Share

Take into account the company's position in the Indian footwear market. Businesses having a bigger market share are often more secure and have more room for expansion.

• Advantage Over Competitors

Consider the competitive advantage of the business. This element may help the company stand out from the competition and improve its possibilities for expansion.

• Sectoral Trends

Observe customer preferences and market trends. Search for businesses adjusting to emerging trends and keeping on the cutting edge.

• Valuation

Analyze the company's valuation and determine if the stock is overpriced or undervalued.

Top Footwear Stocks in India Listed in the Stock Market: An Overview

Here is a brief overview of the footwear stocks listed above-

1) Relaxo Footwear

Relaxo Footwears Ltd., also known as Relaxo, makes and sells footwear and accessories. The firm sells a wide range of shoes, including flats, wedges, bellies, flip flops, flats, athletic shoes, slippers, sandals, and school shoes.

Relaxo, Casualz, Kids Fun, Boston, Hawaii, Flite, Sparx, Schoolmate, and Bahamas are just a few of the names under which Relaxo's goods are sold.

The firm sells its goods via physical stores, distributors, retailers, wholesalers, brand outlets, and online marketplaces. India's Haridwar, Bhiwadi, and Bahadurgarh each have one of its production facilities.

2) Campus Activewear

Sports and athleisure footwear manufacturer Campus Activewear Ltd is situated in India. Sports and athleisure footwear items are the company's main product categories for producing, distributing, and selling. CAMPUS is one of the company's brands.

The business provides a wide range of family-friendly products. It offers a variety of designs, colours, sizes, and utility choices for men, women, children, and little people. There are over 200 active women's shoe styles, 480 active children's shoe types, and 1,400 active men's shoe styles. Its footwear may be divided into open and closed shoe types based on style.

3) Mirza International

Producing and exporting leather footwear is the business of Mirza International Ltd. Using unfinished hides, wet blue, and crust, the firm produces finished leather.

Shirts, t-shirts, trousers, jeans, sweaters, and jackets are among the available other things. Mirza offers more socks, wallets, belts, and handkerchiefs.

Further, offerings from the brand also include casual shoes, traditional Chelsea boots, and formal and semi-formal footwear. Red Tape, Bond Street, Oaktrak, Yezdi, and Mode are some of the brands of footwear it sells.

4) Liberty Shoes

With its retail, e-commerce, and wholesale networks, Liberty Shoes Ltd, an Indian firm, specializes in producing and trading footwear, accessories, and lifestyle goods. Some of the company's brands are Healers, Leap 7X, Coolers, Footfun, Force10, Fortune, Gliders, Perfect, Senorita, and AHA,

Its plants are in Haryana's Gharaunda, Liberty Puram, and Karnal; Uttarakhand's Roorkee; and Himachal Pradesh's Paonta Sahib.

5) Super House

Superhouse Ltd (Superhouse) produces and exports leather accessories and footwear. Finished leather, men's and women's shoes, kids' shoes, safety shoes, leather accessories, ready-to-wear clothing, leather clothing, socks, and safety gear are just a few of its items.

The corporation uses the brand names Double Duty and Allen Cooper to sell its goods.

Conclusion

Various investment options are available for people interested in the rising and dynamic Indian footwear business.

However, research and due diligence are crucial before investing in a stock, like with any investment. Yet, for investors wishing to diversify their portfolios and take advantage of the expanding Indian market, investing in footwear stocks in our country might be a promising possibility with the appropriate strategy and careful evaluation of the criteria listed above.

Disclaimer: This blog is solely for educational purposes. The securities/investments quoted here are not recommendatory.

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Research Analyst - Aakash Baid