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5 Footwear Stocks In India to Consider

We are living in an era where footwear is not only a necessity but also becoming a collector’s item. Sneakers, in particular, have seen a significant rise in popularity as collectables. People are willing to spend their hard-earned money to obtain shoes at prices that could have never been perceived before. The fashion industry has also contributed to increased footwear and accessories sales. All of this has generated positive attention and potentially boosted the stock prices of footwear companies, making their stocks an attractive option for investors.

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If you want to be part of the exponential growth of the footwear industry, you must check out these footwear stocks in India:

1. Relaxo Footwears Limited

Relaxo Footwears Limited is an Indian multinational footwear manufacturer. The company was incorporated in 1984 and is the largest footwear manufacturer in the country. Relaxo Footwears Limited owns a number of different brands like Relaxo, Flite, Sparx, Bahamas, etc., and specialises in shoes for women, men, and kids. The company also manufactures a range of different products like sports shoes, flip flops, sandals, slippers, etc.

Relaxo Footwears Limited has a market capitalisation of Rs 22,795.40 as of 07 July 2023 and has a strong foothold in the shoe industry, making it a lucrative investment option.

2. Bata India Ltd.

Bata India Ltd. has to quite an extent, made itself synonymous with the word ‘shoe’ in the country. Many generations of Indians have relied on the company for their footwear needs. 

Bata is a leading manufacturer of footwear in India. It is also the largest shoe retailer in the country. The company manufactures and trades various types of shoes and accessories like watches, bags, etc. The company owns many well-known brands like Scholl, Hush Puppies, Marie Claire, North Star, etc. 

Bata India Ltd. has a market capitalisation of Rs 21,978.21 as of 07 July 2023 and is among the most sort-after footwear stocks in India in the shoe industry.

3. Metro Brands Ltd.

Metro Brands Ltd., previously known as Metro Shoes, is another footwear stock to keep an eye on. The multi-brand footwear retail company was founded in 1955 and has come a long way since. 

The company caters to various customer segments, including men, women, unisex, and children. The company retails many brands, including Metro Shoes, Mochi, Walkway, Crocs, Vans, FILA, etc., and has a market capitalisation of Rs 27,049.68 as of 07 July 2023.

4. Liberty Shoes

Liberty Shoes was founded in 1954 and has grown in leaps and bounds since then. Known for its brands like Glider, Fortune, Footfun, etc., the company manufactures over 50,000 shoes daily. Liberty Shoes has approximately 400 exclusive showrooms worldwide, with a presence in more than 25 countries. 

The global Indian brand has over 65 years of experience in the shoe industry and a market capitalisation of Rs 410.66 as of 07 July 2023.

5. Mirza International Limited

Mirza International Limited was founded in 1979 and is one of the country's leading manufacturers, marketers and exporters of leather footwear. The company has a presence across 28 countries and six continents. 

The company is well-known for its brands, Oaktrak, Off The Hook, and Thomas Crick. With over 43 years of experience and a market capitalisation of Rs 694.46 as of 07 July 2023, Mirza International Limited can be a suitable addition to any investor’s portfolio. 

Conclusion

The footwear industry has witnessed a remarkable transformation thanks to a growing interest and access to fashion. This has increased attention and potential stock price boosts for footwear companies. Stocks like Relaxo Footwears Limited, Bata India Ltd., Metro Brands Ltd., Liberty Shoes, and Mirza International Limited can offer promising investment opportunities with a strong presence in the market, solid brand portfolios, and diverse customer segments.

These stocks have the potential to benefit from the significant growth in the footwear industry, and you can consider investing in them if you wish to be a part of this evolution. Motilal Oswal offers a free Demat account for investing in footwear stocks in India. Register yourself for a Demat account now and start investing in these companies and more!

 

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