Best Footwear Stocks in India 2025

India stands as one of the biggest footwear markets in the world. The country produces and consumes shoes on a massive scale, second only to China. Rising incomes, changing lifestyles, and growing awareness of fashion trends have fuelled steady demand for all kinds of footwear.

The sector adds nearly 2% to India’s GDP and supports millions of jobs. From low-cost flip-flops to premium leather boots, the market has something for everyone. Products reach customers through retail stores, e-commerce sites, and exports. With this growth, investors have begun paying close attention to footwear companies listed on the stock market. These firms show a balance of affordability, style, and strong brand loyalty.

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Overview of Best Footwear Stocks

Metro Brands

Metro Brands has built a strong presence in India’s organised footwear market. It operates more than 800 stores in over 190 cities and manages both its own brands, such as Mochi, Walkway, and Da Vinchi, and global names like Crocs, Puma, and Skechers.

The company focuses on mid and premium customers who look for variety and style. Metro also experiments with retail formats to keep up with changing consumer needs. For investors, it represents the premium side of Indian footwear with the potential to expand further.

Relaxo Footwears

Relaxo serves the mass market with affordable and durable footwear. Its popular brands—Flite, Sparx, and Bahamas—enjoy strong recall among Indian households. The company’s products, especially sandals and slippers, dominate the value segment.

It distributes widely through retail shops, distributors, and online platforms. Relaxo’s ability to deliver reliable and low-cost products makes it a favourite among everyday consumers. For investors, it offers stability in a price-sensitive market.

Bata India

Bata India has been a household name for generations. Founded in 1931, it continues to hold a strong place in the market. Bata caters to men, women, and children with a broad portfolio that includes Hush Puppies, Scholl, and Weinbrenner.

The company also sells accessories such as bags and clothing, adding extra variety to its stores. Its brand value lies in trust, affordability, and wide reach. For investors, Bata represents consistency and a blend of affordability and fashion.

Mirza International

Mirza International focuses on leather footwear and exports. Known for its Red Tape brand, the company supplies to more than 28 countries. It caters to fashion-conscious buyers who prefer premium products.

Its presence in international markets provides additional growth opportunities. While it faces challenges like demand slowdowns, Mirza continues to maintain a strong position in the leather segment. For investors, it offers exposure to both Indian and export markets.

Campus Activewear

Campus Activewear is a younger brand that has quickly captured attention. Established in 2008, it specialises in sports and athleisure footwear. It targets younger customers looking for affordable yet stylish shoes.

The company has grown fast through retail stores and online channels. Its focus on trendy designs and value-for-money products appeals to the youth segment. For investors, Campus highlights the rising demand for active lifestyle footwear in India.

Why Footwear Stocks Attract Investors

Footwear is essential, yet it also changes with fashion trends. This dual nature makes the sector unique. People buy shoes for daily use, but they also look for new styles and brands.

In India, companies like Relaxo win over the value segment, while Metro Brands and Mirza International attract premium buyers. Bata balances affordability with heritage, and Campus Activewear taps into growing sportswear demand. These differences allow investors to choose based on preference for mass scale, premium quality, or youth-oriented growth.

Opportunities in the Market

Growing incomes are pushing more people to buy branded shoes.
Cities are expanding, and with them, the demand for formal, casual, and sports footwear.
E-commerce platforms are giving brands a wider reach across smaller towns.
Export potential is strong, especially to Europe and the US.
Government policies, including production-linked incentives, support manufacturing.

Risks You Should Note

Competition from unorganised players remains high.
Fashion shifts quickly, and companies must adapt.
Export markets like the US and Europe face slowdowns at times.
Leather processing and environmental issues raise concerns.
Rising material and labour costs can affect margins.

Key Pointers for Investors

Before investing, look at:

1. The strength of the brand and customer loyalty.
2. Distribution channels—offline reach and online presence.
3. Financial performance, including revenue, margins, and return on equity.
4. Product diversity across casual, formal, sports, and premium segments.
5. The ability of the company to adapt to trends and expand its portfolio.

Conclusion

The Indian footwear sector combines size, demand, and variety. Companies like Metro Brands, Relaxo Footwears, Bata India, Mirza International, and Campus Activewear highlight different parts of this market. Some focus on mass affordability, some target the mid and premium range, and others appeal to the sportswear segment.

For investors, footwear stocks in India provide a chance to participate in a growing consumer sector. The opportunities are strong, but challenges like competition and fashion shifts remain. With careful research and clear goals, these stocks can form a valuable part of a long-term investment plan.