3 min
24-April-2025
The Indian footwear market is witnessing significant growth, driven by changing consumer preferences, rising disposable incomes, and an expanding middle class. Footwear stocks are becoming increasingly popular as investors look to capitalise on the sector's potential. With a shift towards branded, quality products and a growing demand for both casual and formal shoes, companies in the footwear space are expected to experience sustained growth. Additionally, e-commerce platforms are playing a pivotal role in expanding the reach of these brands, offering ample investment opportunities. For investors looking to diversify their portfolios, footwear stocks present an exciting option, particularly as the demand for footwear continues to rise both in urban and rural areas.
Popular footwear stocks
India's footwear sector offers a diverse range of stocks, with established players such as Bata India, Relaxo Footwears, and Liberty Shoes leading the market. These companies dominate with robust distribution networks, strong brand equity, and innovative product offerings. Additionally, companies like Campus Activewear and Mirza International cater to the growing demand for sports and lifestyle footwear. The growth of the e-commerce sector further propels these companies' visibility and accessibility to a wider customer base. With increasing investments in modern retail infrastructure and strong market positioning, the leading footwear stocks in India are well-placed to continue their upward trajectory.List of footwear stocks in India
Here is a list of some of the leading footwear stocks in India, along with their respective market capitalisation. These companies are leading players in the Indian footwear industry, offering a diverse range of products. With varying market caps, they represent different segments within the footwear sector, from affordable brands to premium offerings, providing potential investment opportunities for long-term growth.| Stock Name | Market Capitalisation |
| NB Footwear Ltd | Rs. 350 Crore |
| Campus Activewear Ltd | Rs. 5,500 Crore |
| Mirza International Ltd | Rs. 1,900 Crore |
| Super House Ltd | Rs. 2,400 Crore |
| Relaxo Footwears Ltd | Rs. 20,000 Crore |
| Khadim India Ltd | Rs. 1,000 Crore |
| Liberty Shoes Ltd | Rs. 1,800 Crore |
| Bata India Ltd | Rs. 25,000 Crore |
| Lehar Footwears Ltd | Rs. 150 Crore |
Overview of footwear stocks
Footwear stocks in India have gained significant investor interest due to the expanding consumer market, rising disposable incomes, and shifting preferences toward quality footwear. With key players across different price segments, these stocks offer opportunities for growth. Companies that leverage e-commerce platforms, diversify their product offerings, and expand their retail presence are poised for long-term success in India’s thriving footwear market.NB Footwear Ltd
NB Footwear Ltd is a leading player in India’s footwear sector, offering a wide range of affordable footwear. The company has established a solid brand presence and robust distribution network, both online and offline. With a focus on quality, NB Footwear caters to various consumer needs, from casual to formal shoes. It has positioned itself as a reliable choice for budget-conscious consumers, contributing to its market growth.Campus Activewear Ltd
Campus Activewear Ltd is one of the prominent players in India’s activewear and footwear market. Known for its trendy and comfortable sports shoes, the company has gained popularity among young consumers. Campus Activewear’s strong retail presence and growing online footprint have contributed to its rapid expansion. It aims to capitalise on the increasing demand for activewear and sports footwear in India, positioning itself as a key market player.Mirza International Ltd
Mirza International Ltd is a well-established brand in India’s footwear market, offering a diverse range of shoes, including leather footwear. The company caters to both domestic and international markets with a focus on quality craftsmanship. Known for its premium products, Mirza International enjoys a loyal customer base. It continues to innovate with its product offerings, ensuring consistent growth in the competitive Indian footwear sector.Super House Ltd
Super House Ltd is a renowned name in India’s footwear industry, primarily known for its leather footwear. The company has a strong presence in both the domestic and export markets, catering to diverse consumer needs. With a commitment to high-quality manufacturing, Super House Ltd has earned a reputation for producing durable and stylish footwear. It remains a key player in India’s leather footwear market, focusing on growth and innovation.Relaxo Footwears Ltd
Relaxo Footwears Ltd is one of the largest footwear manufacturers in India, offering a wide variety of products across different price segments. Known for its comfortable and durable footwear, Relaxo has built a strong brand presence in the market. The company has leveraged its extensive distribution network and robust retail presence, including e-commerce platforms, to expand its customer base and continue growing in India’s competitive footwear market.Khadim India Ltd
Khadim India Ltd is a prominent player in India’s retail footwear market. Known for its affordable yet stylish footwear, Khadim has built a strong brand reputation among budget-conscious consumers. The company operates an extensive network of stores across India, complemented by a growing online presence. Khadim India’s focus on providing a wide range of shoes for different occasions and its strong distribution network make it a significant competitor in the industry.Liberty Shoes Ltd
Liberty Shoes Ltd is a well-established name in India’s footwear industry, offering a wide range of shoes, including formal, casual, and sports footwear. The company has been a pioneer in India’s shoe retail sector and continues to expand its presence across the country. With a focus on product innovation and quality, Liberty Shoes aims to maintain its competitive edge and appeal to diverse consumer preferences, positioning itself as a market leader.Bata India Ltd
Bata India Ltd is one of the oldest and most recognised footwear brands in the country. Known for its wide range of high-quality shoes for men, women, and children, Bata has maintained its stronghold in the Indian market for decades. The company’s strong retail presence, innovative product designs, and consistent brand loyalty have contributed to its sustained growth. Bata continues to lead the Indian footwear industry with a focus on customer satisfaction and quality.Lehar Footwears Ltd
Lehar Footwears Ltd is an emerging player in India’s footwear market, offering a variety of affordable and stylish shoes. The company caters to the growing demand for budget-friendly footwear while maintaining a focus on quality and design. With a presence in both retail and online platforms, Lehar Footwears is gradually increasing its market share and expanding its product offerings to meet the diverse needs of Indian consumers.What are shoe stocks?
Shoe stocks refer to shares of companies involved in the manufacturing, retailing, and selling of footwear. These companies can produce a wide range of shoes, from casual and formal footwear to sports shoes and slippers. Shoe stocks offer investors exposure to the growing demand for footwear, driven by changing consumer preferences, urbanisation, and rising disposable incomes. Investing in shoe stocks can provide long-term growth potential, especially as the market for footwear expands in India.How to invest in shoe stocks?
- The first step in investing in shoe stocks is to open a Demat and trading account with a licensed stockbroker or trading platform.
- Once your account is set up, research footwear companies that interest you based on their financial health, market reputation, and growth potential.
- After completing your research, place buy orders through your chosen trading platform.
- Alternatively, you can invest indirectly in footwear stocks through mutual funds or ETFs focused on consumer goods or retail sectors.
- It is important to track the performance of your investments regularly to ensure they meet your investment goals.
How to select shoe stocks for investing?
- Start by analysing a company’s financial health, including profitability, debt levels, and revenue growth over time.
- Look for companies with a strong market position and a competitive edge, such as brand recognition and extensive distribution networks.
- Examine the company’s track record of innovation, product offerings, and ability to respond to market trends.
- Assess the company's growth potential based on its market share, ability to expand, and future prospects.
- Diversifying your portfolio by investing in several footwear stocks can help reduce risks and maximise potential returns.
Advantages of investing in shoe stocks
- The Indian footwear market is experiencing significant growth, driven by rising disposable incomes and changing consumer preferences, creating ample opportunities for investors.
- Companies with strong retail networks and a growing online presence stand to benefit from increased consumer demand for footwear.
- Many footwear companies are diversifying their product lines and expanding into new markets, increasing their revenue streams and growth potential.
- Shoe stocks present a solid long-term investment opportunity, as the demand for quality footwear continues to rise, especially in India’s rapidly developing middle class.
- Footwear companies can leverage technological advancements and e-commerce trends, positioning them for continued success in the evolving retail market.
Who should invest in shoe stocks?
- Shoe stocks are ideal for long-term investors seeking to capitalise on India’s growing consumer market, particularly in the retail and consumer goods sectors.
- Investors with a medium to high-risk tolerance will find footwear stocks appealing due to their growth potential and ability to adapt to market changes.
- Those looking to diversify their portfolios across different sectors can consider shoe stocks as a valuable addition.
- Investors interested in capitalising on the growth of e-commerce will find many footwear companies enhancing their online presence, offering further investment opportunities.
- Individuals looking to benefit from rising disposable incomes and evolving consumer preferences for branded, quality footwear should consider investing in shoe stocks.
Risks associated with investing in shoe stocks
- Like any investment, shoe stocks come with risks, particularly from intense competition in the sector, which can pressure profit margins and limit growth.
- Consumer preferences can change rapidly, and economic conditions such as recessions can lead to reduced demand for footwear, negatively impacting stock prices.
- Regulatory changes, particularly regarding import-export policies or taxation, could disrupt manufacturing processes or lead to increased costs for footwear companies.
- Many footwear companies are heavily reliant on physical retail outlets, which exposes them to logistical challenges and external disruptions, such as the impact of COVID-19.
- It’s crucial to conduct thorough research and evaluate these risks before deciding to invest in the footwear sector to ensure you are comfortable with the potential volatility.
Factors to consider before investing in shoe stocks
- Before investing in shoe stocks, it’s important to analyse the company’s market position and product diversity to ensure long-term sustainability and competitiveness.
- Investigate the strength of the company’s brand, customer loyalty, and its ability to stay relevant in a dynamic market.
- Assess the company’s growth strategy, focusing on its expansion plans, particularly in e-commerce and new market penetration.
- Evaluate the company’s financial health, including debt levels, profitability, and consistent revenue growth over time.
- Pay attention to broader market trends, such as increasing disposable income in India, which may fuel demand for quality footwear, and changing consumer behaviour, which could benefit well-positioned footwear companies.
