Footwear Manufacturers

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.

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 ...

KICL forays into value footwear market with Zodiz and Jeetlo acquisition

The company aims to tap India's value-conscious consumers in Tier 2 and Tier 3 cities, with affordable, fashion-relevant products under new brands

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 ...

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

Delhi High Court revives Crocs' plea against Indian footwear companies

Delhi HC overturns 2019 ruling, revives Crocs' design plea against Bata, Relaxo, Liberty and others for allegedly copying its foam clogs' shape and perforation

Bata Group names Panos Mytaros global CEO, replacing Sandeep Kataria

Mytaros, former ECCO CEO, to join Bata on 15 September as global chief executive, as Sandeep Kataria steps down after leading the firm through a key transition

ASICS to boost India sportswear production to 40% amid import restrictions

ASICS, which competes with global rivals including Nike, Adidas, and Skechers USA in India, plans to open three new franchise stores per month between now and the end of the year

Footwear major Bata India bats for footwear PLI to boost output, exports

Finance Minister Nirmala Sitharaman had announced a focus product scheme for the footwear sector in her Budget 2025 speech last month

Footwear maker Khadim expects demerger to be completed by March: Official

Footwear major Khadim India Ltd is expecting to complete the demerger of its distribution business by March 2025 with a subsequent listing in the bourses by May, an official said on Monday The company is also exploring quick commerce partnerships with platforms like Zepto for utility products such as school shoes and EVA slippers to boost sales, he said. The Kolkata-based footwear maker had earlier announced the decision to carve out its distribution business and manufacturing activities into KSR Footwear Ltd (KFL) to improve margins and valuations. "The demerger is pending before the NCLT. An order is expected by the end of this month or March. As of now, the planned effective date of the demerger is April 1. Listing of the demerged entity (KSR) will take place within May," Khadim's chief financial officer Indrajit Chaudhuri told PTI. This strategic move is expected to unlock substantial value for its core retail business, which comprises approximately 890 stores under the Khadim

Venturi Partners invests $25 million in affordable footwear brand JQR

Founded in 2014, JQR is tapping India's $12 billion mid- and economy-priced footwear segment

Budget proposes focused scheme for footwear industry, to create 2.2 mn jobs

Scheme to support design capacity, component manufacturing, and machinery for producing non-leather 'quality footwear'

Adidas, Nike supplier Hong Fu enters India to foot manufacturing push

Hong Fu, the world's second-largest manufacturer of non-leather athletic footwear, produces approximately 200 million pairs of sports shoes annually

Metro Brands Q2FY25 results: Net profit increases 4% to Rs 69.55 cr

Revenue from operations rose 5 per cent to Rs 585 crore, while expenses rose 7.9 per cent to Rs 515 crore

Shoe startup Yoho aims to fill the market gap in comfortable footwear

The direct-to-consumer footwear brand aims to enhance customer experience and product offerings following a Rs 27 crore funding boost. It will deploy the funds to drive business growth and innovation

Gains for Bata hinge on recovery hopes, rising premium portfolio

Government policies to improve consumption especially in tier 2 and tier 3 centres could help improve demand for footwear majors such as Bata

Campus Activewear stock gains over 18% on improved Q4 margin showing

At the current price, the stock is trading at 52 times its FY26 consensus earnings estimates

Leather exporters seek national policy to attract investments, create jobs

Apex body for leather and footwear exporters CLE has asked the government to formulate a national policy for the sector with a view to attract investments, boost India's shipments and create jobs. In a letter to Niti Aayog CEO BVR Subrahmanyam, Council for Leather Exports (CLE) said that though there are schemes and support measures at central and state levels, there is a need for holistic development of the entire sector through a national policy. The elements of the proposed policy, it said, can include incentives for setting up of manufacturing units, training of workers, support measures for adoption of sustainable technologies and innovative products. "This policy should cover the entire supply chain of the sector, starting from raw materials to finished products, including processing, product development, marketing, supply chain management, and backward integration," the council said. Explaining the importance of the policy, CLE Executive Director R Selvam said that the secto

Plans afoot to organise Kolhapuri chappal trade but it's a slow start

Though the Kolhapuri chappal trade is robust, the industry remains largely unorganised and finds it challenging to meet demand