Footwear

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

After global misstep, Italian luxury brand Prada walks into Kolhapur

Prior to their visit, the team had an online meeting on July 11 with executives from the Maharashtra Chamber of Commerce, Industry & Agriculture (MACCIA)

Taiwanese, Vietnamese firms keen to invest in footwear sector in India: CLE

Companies from Taiwan and Vietnam are keen to invest in India's non-leather footwear sector, and the government support is crucial to facilitate these investments, Council for Leather Exports (CLE) Chairman RK Jalan said on Sunday. Jalan said these Taiwanese and Vietnamese firms import products like shoe soles, moulds, machinery, and fabrics from countries like China. "Vietnamese and Taiwanese firms are keen to invest in India. We need to support them so that they can import these goods smoothly into the country for their manufacturing facilities," he said. The country's exports are growing at a healthy rate, and the council is aiming for USD 7 billion worth of shipments in 2025-26, he added. The exports stood at USD 5.75 billion in 2024-25. The US was the top destination for Indian exporters with shipments worth USD 957 million (about 20 per cent share). It was followed by the UK (11 per cent) and Germany. "We are expecting about 18 per cent growth this year. Promotion of ...

Chhattisgarh govt revives Charan Paduka scheme for tendu leaf collectors

Under the scheme, up to two members per family -- aged 18 or above -- engaged in tendu leaf collection will receive a pair of footwear each every year

Metro Brands tightens its laces for another quarter of strong growth

A shoo-in to lead the pack, its premium push and store rollout leave value players dragging their heels

Birkenstock cracks down on fakes as teams inspect India units: Report

In May, Birkenstock filed an infringement lawsuit in the Delhi High Court against four footwear traders, four factories and two unnamed individuals

Kolhapuri chappals, Prada style: Homage or cultural appropriation?

Cultural appropriation in fashion is nothing new, but how should one see it - as homage or blatant robbery?

Kolhapuri chappal row: PIL filed against Prada over summer collection

A PIL has been filed in Bombay HC against Prada for allegedly copying GI-tagged Kolhapuri chappals in its ₹1.2 lakh sandal line; petition seeks apology, compensation, and govt action on GI protection

3G Capital, Singapore's GIC seek CCI nod to acquire Skechers

Investment firm 3G Capital and Singapore's sovereign wealth fund GIC have sought approval from the Competition Commission of India (CCI) to acquire footwear and apparel company Skechers. "The proposed transaction is an indirect acquisition of all the outstanding shares and sole control of the Target by affiliates of investment funds managed by 3G Capital partners LP (3G Capital), ie, the acquirers (Beach Acquisition Co Parent, LLC and Beach Acquisition Merger Sub, Inc)," a notice submitted with the CCI on June 26 stated. GIC has also sought clearance from the competition watchdog to invest capital, to be utilised to partly finance the proposed transaction. After the completion of the transaction, GIC Investment will be entitled to certain rights in Skechers. The parties said the proposed transaction meets the thresholds specified under section 5(a)(i)(A) of the Competition Act, 2002 and is being notified pursuant to the agreement and plan of merger on May 4, 2025 executed by and ..

Indian brands tap heritage pride to boost sales after Prada sandal scandal

Linking of the Prada brand name to the Kolhapuri sandals, which are made by around 7,000 artisans in India, is providing a business opportunity for some