List Of Best Footwear Stocks in India 2025

Today’s generation invests heavily in footwear and even goes the extra distance to acquire some limited edition sneakers. Many investors are having a hard time deciding which brands will come up with the next big trend in this constantly changing industry.

As designers forecast which trends will be the most successful, investors must be able to identify the best footwear companies in India that will be at the forefront of technology and popularity. In today’s blog, we will discuss the key footwear companies in India and share all the necessary details so that you can walk proudly into the footwear investment arena. 

Overview Of the Footwear Industry in India

The Indian footwear industry is of considerable size and contributes around 2% to GDP. On the global scale, India is the second-largest producer of footwear, producing over 2.2 billion pairs annually. India’s footwear industry is valued at $26 billion in 2024 and is expected to reach $90 billion by 2030. Major players such as Bata, Relaxo, Liberty, and many small players cater to diverse consumer preferences in urban and rural areas.

Government initiatives, such as the ‘Make in India’ campaign and other trade policies, have also nurtured higher production capacity and export potential. India exports about $2 billion of footwear annually. Some of the key export destinations are the USA, the UK, and Germany. As the industry evolves, sustainable and innovative practices will become more important and give India an edge to establish itself as a global hub for quality and affordable footwear.

Top Footwear Stocks in India Based on Market Capitalization

The top footwear stocks are:

S.No.	Footwear Stocks
1	Metro Brands Ltd.
2	Relaxo Footwears Ltd.
3	Bata India Ltd.
4	Redtape Ltd.
5	Campus Activewear Ltd.
6	Liberty Shoes Ltd.

The footwear stocks have been listed in descending order based on their market capitalization in the table below:

Company	Market Capitalization (In crores)	Share Prices (In INR)	52 Week High Price (In INR)	52-Week Low Price(In INR)
Metro Brands Ltd.	35,732	1,314	1,441	986
Relaxo Footwears Ltd.	20,806	836	974	758
Bata India Ltd.	19,832	1,543	1,771	1,269
Redtape Ltd.	9,660	699	810	411
Campus Activewear Ltd.	9,118	301	324	213
Liberty Shoes Ltd.	872	512	555	225

Read Also: List of Best Recycling Stocks in India

Best Footwear Stocks in India Based on Market Capitalization– An Overview

The best footwear stocks in India are given below, along with a brief overview:

1. Metro Brands Ltd.

Metro Brands Ltd. is a footwear retailer in India that started as a shoe store in 1955. The group sells various products under its brands, including Metro, Mochi, Walkway, and Da Vinci, as well as third-party brands like Crocs and Skechers. Metro Brands has 629 stores across 140 cities in India, with plans to add 260 new stores by FY25. The business group follows an omnichannel strategy, wherein the physical presence and online platforms work in unison to craft a smooth customer experience.

1Y Return (%)	3Y Return (%)	5Y Return (%)
2.30%	101.53%	160.56%

2. Relaxo Footwears Ltd.

Relaxo Footwear Ltd. was established in 1984 and has positioned itself as a major player in the footwear industry. The company designs, manufactures, and markets sandals, slippers, footwear, and athletic shoes. Relaxo operates more than 350 retail outlets, and its products are available on major e-commerce portals. Relaxo’s execution strategy is centered on being a value-for-money brand with broad coverage and a clear mission of being a quality brand for the masses.

1Y Return (%)	3Y Return (%)	5Y Return (%)
-44.44%	-62.44%	-41.32%

3. Bata India Ltd.

Bata India Limited was established in 1931, and it is one of the leading footwear companies in India. Bata owns brands such as Hush Puppies, Power, Marie Claire, etc. Bata operates through its chain of retail outlets and over 10,000 multi-product dealerships, making it easily accessible. Innovation is among the company’s priorities, and the company releases approximately 4,000 new designs annually. 

1Y Return (%)	3Y Return (%)	5Y Return (%)
-7.17%	-26.87%	-26.23%

4. Redtape Ltd.

Redtape Ltd. was established in 1996 and offers footwear and apparel to its customers. The company designs its footwear range in its design studios in the UK, making its designs unique and trendy. Redtape products are available online and can also be bought from its stores. It was the first Indian footwear brand to sell its products in UK markets, and today, its products are available worldwide. 

1Y Return (%)	3Y Return (%)	5Y Return (%)
0.29%	31.96%	31.96%

5. Campus Activewear Ltd.

Campus Activewear Ltd., which started its journey in 2005, is India’s largest sports and athleisure footwear company. The company offers several products, such as running shoes, casual shoes, and sandals for men, women, and children. Campus Activewear has access to more than 19,200 geographically mapped retail outlets, 425 distributors, and more than 250 authorized stores. In terms of the business strategy, the company targets a major market share of the growing and organized sports footwear market in India.

1Y Return (%)	3Y Return (%)	5Y Return (%)
9.81%	-25.39%	-25.39%

6. Liberty Shoes Ltd.

Liberty Shoes Ltd. was founded in 1954. Its corporate office is situated at Karnal, Haryana. The company has more than 100 outlets and operates in 25 countries. It designs and manufactures formal, casual, and sports shoes for men, women, and children. It offers over 1,000 designs and has developed the company’s notable principles of quality and innovation. Liberty Shoes follows a vertical integration of business strategy that incorporates designing, manufacturing, and selling the shoes.

1Y Return (%)	3Y Return (%)	5Y Return (%)
21.52%	153..01%	185.95%

Top Footwear Stocks Based on 1-year Return

The footwear stocks have been listed in descending order based on their 1-year returns in the table below:

S.No.	Company	1-Year Return
1	Liberty Shoes Ltd.	120.99%
2	Lehar Footwears Ltd.	71.22%
3	Khadim India Ltd.	69.43%
4	Sreeleathers Ltd.	42.57%
5	Metro Brands Ltd.	22.06%

Read Also: List of Best Monopoly Stocks in India

Best Footwear Stocks in India 2025 Based on 1-Year Return – An Overview

The best footwear stocks according to 1-year return are given below, along with a brief overview:

Lehar Footwears Ltd.

Lehar Footwears Ltd. was established in 1994. Lehar manufactures a variety of footwear, including rubber, PU, PVC, EVA, and TPR soles. The company initiated its presence with an annual capacity of 45 lakh pairs of shoes, whose capacity has surged to over 6.94 crore pairs per annum. The business model followed by Lehar emphasizes modern technology and the ISO certification it acquired through the maintenance of standards, with added value in quality and affordability.

1Y Return (%)	3Y Return (%)	5Y Return (%)
89.56%	543.04%	754.06%

Khadim India Ltd.

Khadim India Ltd It is one of the leading footwear retailing companies in the country. This company has a wide merchandise portfolio, selling formal and casual shoes for men, women, and children. Khadim has more than 850 retail outlets and has branches in over twenty states of India. The company offers a wide variety of footwear designs at affordable prices.

1Y Return (%)	3Y Return (%)	5Y Return (%)
-19.70%	5.03%	147.27%

Sreeleathers Ltd.

Sreeleathers Ltd. Footwear and Leather Products Manufacturing Company, established in 1984, is located in Kolkata, West Bengal. The company has more than 150 outlets all over India and has export operations in many foreign countries. Company products include casual formal and sports shoes and leather accessories. The company’s business model is vertically integrated, where the company is involved in designing, manufacturing, and selling the products. The company aims to achieve high standards for quality to increase its market share.

An overview of the remaining stocks has been given above in the market capitalization section.

1Y Return (%)	3Y Return (%)	5Y Return (%)
-30.03%	42.10%	35.61%

Key Performance Indicators 

Company	Net Profit Margin (%)	ROCE (%)	TTM EPS(in Rs.)	TTM P/E (x)	P/B (x)
Metro Brands Ltd.	17.50	19.01	16.97	77.26	19.45
Relaxo Footwears Ltd.	6.87	13.12	7.57	110.42	10.40
Bata India Ltd.	7.52	18.7	4.69	70.1	13.41
Redtape Ltd.	9.56	27.70	12.75	54.95	14.94
Campus Activewear Ltd.	6.17	17.46	2.93	102.54	14.08
Liberty Shoes Ltd.	1.28	3.58	6.55	78.08	4.17
Lehar Footwears Ltd.	2.22	9.17	3.71	67.8	4.35
Khadim India Ltd.	1.02	9.39	3.42	118.13	3.10
Sreeleathers Ltd.	12.33	8.63	11.59	26.89	1.73

Benefits of Investing in the Footwear Industry

The benefits of investing in footwear stocks are:

• Strong Market Growth: The Indian Footwear market is supposed to grow at a CAGR of 4.84% from 2023 to 2028, which will result in the growth of revenues and profits of footwear companies.
• Strong Demand: Increased spending on footwear by consumers due to rising disposable incomes and an expanding middle class would boost revenue growth for footwear companies.
• Government Support: The government has policy initiatives such as the Indian Footwear and Leather Development Program (IFLDP) to strengthen infrastructure and sustainability in the sector and, thereby, support the industry.

Factors to Consider Before Investing in the Footwear Industry

An investor must consider the following factors before investing in footwear stocks:

• Market Trends and Demand: Investors must understand consumer preferences and trends in athleisure and sustainable footwear.
• Competitive Landscape: The industry is rather competitive. Analysis of the market share, distribution channels, and innovation strategies can help investors identify companies with competitive advantages.
• Financial performance: The financial health of the firm, like revenues and growth, profit margins, and return on investment, is one of the most important considerations for an investor.

The Future of Footwear Industry

The future of the footwear industry in India is bright due to rising consumer demand and the growth of disposable incomes. The market is valued at USD 26 billion in 2024 and is expected to reach $90 billion by 2030. Leather footwear accounts for the largest share of about USD 17.28 billion.

Government initiatives like the IFLDP, with a budget of INR 1700 crore, are proposed for infrastructure building and the long-term sustainability of the sector. At the same time, the rapidly increasing focus on e-commerce is opening up market access, providing customers with a wide range of choices, and encouraging competition and innovation.

Read Also: List of Best Travel Stocks in India 

Conclusion

Footwear stocks represent shares of companies that design, manufacture, and sell footwear products. Some of the key characteristics of footwear companies in India are consistent demand and brand loyalty.The advantages of investing in footwear stocks are strong growth potential and resistance to economic cycles. 

The best way to choose a good footwear stock to invest in is by analyzing the company’s performance based on market position and prospects for further growth. All these factors will help one understand the opportunity better and make the right investment decisions to capture this growth opportunity. However, it is advised to consult a financial advisor before investing.

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