Footwear

Footwear major Bata India appoints ex-Nike executive Sanjay Rao as MD & CEO

Footwear major Bata India Ltd on Thursday announced the appointment of Sanjay Rao as its new Managing Director and Chief Executive Officer. Rao succeeds Gunjan Shah, who will conclude his tenure upon completion of his five-year mandate leading the business, Bata India Ltd said in a regulatory filing. He joins Bata India from Nike, where he most recently served as senior director, Nike Retail, overseeing the France and Benelux markets, it added. Rao brings more than two decades of retail and consumer leadership experience across India, South Asia, China and Europe. Prior to Nike, Rao spent several years with Inditex, where he played a pivotal role in establishing Zara's business in India through its joint venture with the Tata Group. He subsequently held senior leadership positions across India, South Asia and China, the company said. He has also served as Country Director for Guess in France and holds an MBA from INSEAD, it added., "Sanjay brings deep retail and consumer experien

Govt extends QCO deadline for non-leather footwear MSMEs to July 2027

The government has provided one more year till July 31, 2027 to micro and small enterprises from non-leather footwear sector to comply with the mandatory quality control order. The move would give smaller footwear manufacturers more time to obtain BIS (Bureau of Indian Standards) certification. It has also allowed footwear manufacturers to import up to 4,500 pairs annually for research, design development, testing, and other non-commercial purposes without meeting QCO (quality control order) requirements. However, these imported footwear have to be marked as "NOT FOR SALE" and have to be disposed of as scrap. Amending the footwear made from all rubber and all polymeric material and its components (Quality Control) order, 2024, the Department For Promotion of Industry and Internal Trade (DPIIT) order said in a provision, "for figures, letters and word '31st July, 2026', the figures, letters and word '31st July, 2027' shall be substituted". Commenting on the order, think tank GTRI s

Bata's earnings outlook remains uncertain despite Q4 sales improvement

Brokerages cut Bata India earnings estimates as weak margins and slow volume growth overshadow improving demand and revenue momentum

Prada faces a devil of dilemma, but India too has deeper issues to address

India's GI-tagged crafts like Kolhapuri chappals lack the strong global legal safeguards enjoyed by Western products such as Champagne, leaving traditional artisans vulnerable to misuse

HDFC Sec upgrades Metro Brands to 'Buy' on stable KPIs; sees 18% upside

HDFC Securities maintained its DCF-based target price of ₹1,080 per share and upgraded to Buy from Add

Creating employment: India-EU FTA can increase labour-intensive exports

The India-EU FTA offers major export and job gains for labour-intensive MSME sectors, but success will hinge on meeting EU standards and easing logistics bottlenecks

Your shoes may be damaging your knees and back more than you realise daily

From barefoot trends to cushioned trainers, doctor explains how footwear affects your knees, hips and spine, and what kind of shoes actually reduce joint wear over time

Stepping Up: How homegrown sneakers are redefining India's footwear scene

Indian consumers are increasingly choosing homegrown sneaker brands over global labels, drawn by better comfort, local design relevance, sustainability and value-for-money pricing

Bata laces up plans to build India as global sourcing hub: Gunjan Shah

Bata India plans to scale up to 3,000 stores, deepen omnichannel play and drive product-led growth as casual and premium footwear demand reshapes the market

Prada partners with LIDCOM, LIDKAR to co-create Kolhapuri-inspired sandals

Prada has formalised a collaboration with LIDCOM and LIDKAR to produce a Kolhapuri-inspired limited-edition sandal collection, manufactured in India with skilled artisans

Metro Brands' growth promises hit by stretched valuations, say analysts

HDFC Securities, in a note dated September 30, maintained its 'Sell' recommendation, due to expensive valuations at 55x estimated September 2027 P/E.

Ranbir Kapoor's ARKS targets ₹36 cr in FY26, to add 2 stores in 2025

Ranbir Kapoor's ARKS aims for Rs 36 crore revenue in FY26, with two new stores, SKU expansion, a fragrance line and plans for global shipping to boost its premium fashion brand

Bata extends GST benefits to customers with 'Price Promise' initiative

Footwear major Bata India on Thursday said it has introduced its Bata Price Promise initiative, extending the benefit of the upcoming GST rate cut on footwear priced below Rs 1,000 to customers ahead of the official September 22 rollout. Under the scheme, prices across Bata outlets reflect a 7 per cent reduction, with the company absorbing the differential to pass on immediate savings to buyers, the company said in a statement. Footwear has seen GST cut from 12 per cent to 5 per cent. Our priority at Bata is to make fashion and comfort accessible to every consumer. By absorbing GST on select footwear, we are ensuring festive shopping starts early, is more affordable, and brings greater joy to our customers, Bata India MD and CEO Gunjan Shah said.

Footwear stocks cheer GST rejig; Bata, Campus, Metro Brands rally up 10%

The GST council in its meeting approved the proposal that footwear items up to ₹2,500 will be taxed at 5% while above ₹2,500 shall be taxed at 18%.

Footwear stocks up on GST cut buzz; time to buy Relaxo, Campus Activewear?

Footwear stocks surged today as reports suggest GST on shoes under ₹2,500 may be cut to 5 per cent from 12 per cent at the upcoming GST Council meet. Relaxo, Liberty, Campus Activewear shares gain

South Korean firm to establish India's first footwear plant in TN: Govt

South Korea headquartered Hwaseung Footwear Group, with an investment of Rs 1,720 crore, has decided to set up its non-leather footwear manufacturing unit in Tamil Nadu, the first such facility for the group in the country, Minister for Industries TRB Rajaa said. The factory to come up in Tuticorin is expected to generate 20,000 direct jobs in the region, he said. "Our efforts to ensure the grounding of MoUs we signed at TN Rising Tuticorin are in full swing. Chief Minister M K Stalin today met senior executives of South Korea's Hwaseung Footwear Group at the Secretariat," Rajaa said. "Hwaseung has committed an investment of Rs 1,720 crore to establish a large-scale non-leather footwear manufacturing facility, their first production base in India," he said in a social media post late on Friday. Rajaa exuded confidence that the production plant, with the creation of 20,000 direct jobs in the region, would become one of the largest employment-generating footwear projects in Tamil ...

Bata India, Liberty, Campus slip up to 7%; why footwear stocks are falling?

Footwear stocks are under pressure as companies reported disappointing earnings for the quarter ended June 2025

Parliament panel calls for global promotion of Indian leather products

Parliamentary panel recommends promoting 'Make in India' for traditional leather products to safeguard artisans, citing the Kolhapuri chappals imitation case

Bata India slips 3%, nears 52-week low on disappointing Q1 results

Bata India stock falls post Q1 results: Consumption momentum remained sluggish during Q1FY26 and was also impacted by fluctuating weather patterns and geopolitical uncertainties.

India-UK FTA to open new opportunities for textiles, boost footwear exports

The India-UK free trade agreement is expected to significantly boost India's textile and footwear exports, unlocking Rs 7,000 crore in additional business and accelerating growth in the sector