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Best Footwear Stocks in India (2025)

The Indian footwear industry contribues 2% to the GDP backed by India’s 10.7% global production share and government initiatives like the ₹2,600 cr. PLI scheme. Discover the top footwear stocks in India based on market capitalisation.

Best Footwear Sector Stocks in India (2025)

Footwear Stock Screener

Footwear Stock Screener: Analyse & Filter Indian Stocks on Tickertape
last updated at 6:30 AM IST 

Showing 1 - 12 of 12 results

last updated at 6:30 AM IST 
NameStocks (12)Sub-SectorSub-SectorMarket CapMarket CapClose PriceClose PricePE RatioPE Ratio1D Return1D Return1M Return1M Return6M Return6M Return1Y Return1Y ReturnPB RatioPB RatioReturn on EquityReturn on EquityROCEROCEDividend YieldDiv YieldDebt to EquityDebt to EquityVolatility vs NiftyVolatility vs Nifty
1.Metro Brands LtdMETROBRANDFootwearFootwear33,705.9633,705.961,179.701,179.7096.1496.14-2.02-2.022.492.49-8.13-8.13-5.83-5.8317.8017.8023.7923.7920.8720.871.611.610.580.582.112.11
2.Bata India LtdBATAINDIAFootwearFootwear15,639.2315,639.231,210.401,210.4047.3047.30-0.66-0.66-3.14-3.14-12.29-12.29-16.89-16.8910.2410.2417.7117.7121.2221.221.561.560.890.891.811.81
3.Relaxo Footwears LtdRELAXOFootwearFootwear10,510.1910,510.19418.45418.4561.7061.700.890.89-6.08-6.08-34.43-34.43-49.68-49.685.255.2510.4010.4011.4211.42--0.100.101.841.84
4.Liberty Shoes LtdLIBERTSHOEFootwearFootwear723.26723.26412.45412.4553.3053.30-0.45-0.45-2.09-2.09-19.41-19.419.779.773.463.465.485.4811.1211.12--0.700.704.014.01
5.Sreeleathers LtdSREELFootwearFootwear570.72570.72245.06245.0625.2825.28-1.12-1.120.990.99-9.32-9.32-17.90-17.901.371.376.806.807.567.56--0.010.012.442.44
6.Khadim India LtdKHADIMFootwearFootwear480.32480.32265.25265.2595.1195.11-0.54-0.547.447.44-13.09-13.09-3.54-3.542.002.002.702.707.747.74--1.341.343.423.42
7.Lehar Footwears LtdLEHARFootwearFootwear433.04433.04241.80241.8039.8039.80-0.53-0.53-11.74-11.74-1.21-1.2172.4172.414.234.236.866.8617.6317.630.200.200.660.663.863.86
8.Mirza International LtdMIRZAINTFootwearFootwear417.65417.6530.0630.06-117.65-117.65-0.56-0.56-4.14-4.14-20.48-20.48-31.46-31.460.760.762.222.221.201.20--0.060.063.053.05
9.Super House LtdSUPERHOUSEFootwearFootwear193.94193.94173.64173.6414.4614.46-3.91-3.914.644.64-18.40-18.40-20.03-20.030.410.412.702.706.356.35--0.430.432.762.76
10.Phoenix International LtdPHOENXINTLFootwearFootwear71.7671.7642.6642.6645.4245.42-4.05-4.05-3.35-3.35-27.08-27.08-4.82-4.820.210.210.690.692.472.47--0.220.223.883.88
11.Sarup Industries LtdSARUPINDUSFootwearFootwear29.2729.2790.0090.006.106.100.000.00-21.05-21.0533.8933.89134.99134.99-3.76-3.76--19.2719.27----4.014.01
12.Mayur Leather Products LtdMAYURFootwearFootwear7.927.9219.8119.81263.98263.989.999.9978.4978.4987.0687.0687.0687.064.424.42-43.14-43.143.593.59--2.372.372.822.82

Disclaimer: Please note that the above table is for informational purposes only, and is not recommendatory. Please do your own research or consult your financial advisor before investing. The data is derived from Tickertape Stock Screener and is subject to real-time updates.

Selection criteria: Sub-sector: Footwear | Market Cap: Sorted from Highest to Lowest

Update: Union Budget FY 2025-26 on Footwear Industry

The Union Budget 2025–26 signals a focused push to strengthen India’s footwear industry through measures aimed at boosting manufacturing, enhancing exports, and supporting MSMEs.
  1. Nirmala Sitharaman announced on 1st February 2025 that the government will launch a focused product scheme for labour intensive fields like the footwear and leather sectors in India.
  2. The Budget’s emphasis on skill training and upskilling programs supports the footwear industry in addressing labour gaps and improving product design.

Overview of the Top Footwear Stocks in India

Metro Brands Ltd

Metro Brands is a leading Indian footwear retailer offering a wide range of branded footwear, accessories, and handbags. With a presence across premium and mid-market segments, it operates through flagship brands like Metro, Mochi, and Walkway, catering to diverse customer preferences nationwide.

Bata India Ltd

Bata India, a prominent footwear manufacturer and retailer, provides affordable, durable, and stylish footwear for men, women, and children. Known for its innovation and quality, the company has a strong retail network and focuses on casual, formal, and athletic footwear segments.

Relaxo Footwears Ltd

Relaxo is India’s largest footwear manufacturer, renowned for affordable and durable footwear. Its popular brands, such as Sparx, Flite, and Bahamas, cater to the casual and mass-market segments, making it a household name across urban and rural India.

Liberty Shoes Ltd

Liberty Shoes is a leading Indian footwear brand offering trendy, comfortable, and affordable footwear for men, women, and children. With a strong global presence, it blends style and utility through its diverse product portfolio of formal, casual, and sports shoes.

Sreeleathers Ltd

Sreeleathers is a prominent Indian footwear and accessories retailer, known for providing quality products at affordable prices. With a focus on the mass-market segment, it offers a wide range of footwear, bags, and leather goods through its extensive retail network.

Advantages of Investing in Footwear Stocks in India

Rising Consumer Demand

India's expanding middle class and increasing disposable incomes drive demand for branded footwear, making the sector attractive for sustained growth​.

Market Growth Potential

The Indian footwear market is projected to grow at a compound annual growth rate (CAGR) of 4.84% from 2023 to 2028, leading to increased revenues and profits for footwear companies.

Strong Brand Presence

The top 10 footwear stocks dominate with strong brand loyalty and extensive distribution networks, ensuring stable revenues​.

Export Opportunities

India's position as a leading footwear producer offers significant export potential, supported by government incentives like the Special Package for Footwear and Accessories​.

Diverse Market Segments

Famous footwear stocks cater to various segments, including budget, premium, and athleisure footwear, allowing investors to benefit from multiple revenue streams​.

E-commerce and Digital Reach

With growing online sales and omni-channel strategies, best-performing footwear stocks are capitalising on digital platforms to boost accessibility and sales​

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Factors to Consider Before Investing in Footwear Stocks

Financial Performance

Evaluate the company's revenue growth, profit margins, and debt levels to assess financial stability. For instance, Metro Brands reported an increase of 12.26% in total income from operations for Q3 FY25-25, indicating solid performance.

Market Trends and Demand

Analyse consumer preferences, fashion trends, and purchasing patterns, as these directly affect footwear demand. The Indian footwear market, including footwear export stocks, is projected to expand annually by 13.53% (CAGR 2022-2025).

Distribution Network

You can assess the company's distribution channels, including retail outlets and e-commerce platforms. A robust network ensures product availability and wider market reach. For example, Relaxo Footwears operates over 350 retail outlets and has a strong online presence.

Brand Recognition and Customer Loyalty

Companies with strong brand identity, like Bata India, often enjoy customer loyalty and can command premium pricing, enhancing profitability.

Product Innovation and Adaptability

Consider the company's ability to innovate and adapt to changing consumer preferences, such as the growing demand for sustainable footwear. Sports footwear stocks investing in eco-friendly materials and designs are better positioned for long-term growth.

Supply Chain and Manufacturing Efficiency

Evaluate the company's manufacturing capabilities, including production capacity and cost efficiency. Effective supply chain management can lead to better profit margins and timely product availability.

Frequently Asked Questions on Footwear Stocks

  1. 1. Which are the top footwear companies in India by market capitalisation?

    As of April 2025, the top footwear stocks based on market capitalisation are:
    1. Metro Brands Ltd
    2. Bata India Ltd
    3. Relaxo Footwears Ltd
    4. Khadim India Ltd
    5. Liberty Shoes Ltd

  2. 2. What brands does Metro Brands operate under?

    Metro Brands operates under names like Metro Shoes, Mochi Shoes, Walkway, FitFlop, Da Vinchi, and Cheemo.

  3. 3. How did Metro Brands perform in the Q3 of FY 2024-25?

    Metro Brands reported an increase of 12.26% in total income from operations for Q3 FY25-25, indicating solid performance.

  4. 4. What is the market outlook for India's footwear industry?

    The Indian footwear market, including leather footwear stocks, is expected to grow at a CAGR of 12.39%, reaching nearly $36.05 bn by 2030.

  5. 5. Which company is the largest footwear manufacturer in India by volume?

    Relaxo Footwears Limited is the largest footwear manufacturer in India in terms of volume.