Best Footwear Stocks in India- The Indian footwear market is entering a golden age in 2025, and footwear stocks are among the best investment bets this year. With the Indian footwear industry worth $33.86 billion in 2025 and projected to grow at a CAGR of 7.73% through 2030, these stocks are well poised to tap into India’s fashion revolution. Since India is the world’s second-largest manufacturer of footwear, contributing to 10.7% of global production, an investment in footwear stocks provides an opportunity to be a part of this thriving sector.
Why Invest in Footwear Stocks?
Footwear shares are the companies which come up with designing, developing, and selling shoes, sandals, and other types of footwear products at various price categories. Indian footwear sector enjoys a number of robust growth drivers which make such stocks good for investors. To begin with, India’s expanding middle class with increasing disposable income is stimulating demand for quality and branded footwear. Next, the transition from unorganized to organized retail is favoring traditional branded players.
The sector accounts for approximately 2% of India’s GDP and offers jobs to around 4.42 million employees, reflecting its economic significance. Moreover, the e-commerce boom has provided increased accessibility for customers in tier-two and tier-three cities to branded footwear, increasing the market size for such businesses. Given growing fashion awareness among Indian consumers and increased demand for formal and casual footwear, the industry is set for long-term growth.
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10 Best Footwear Stocks in India 2025
The following are the top 10 shoe stocks that provide the best investment prospects in 2025, as per their market standing, fiscal performance, and growth prospects :
| Company Name | Current Price (₹) | Market Cap (₹ Cr) | PE Ratio | 52-Week High (₹) | 52-Week Low (₹) | Dividend Yield (%) |
|---|---|---|---|---|---|---|
| Metro Brands Ltd | 1,271.40 | 34,504 | 96.34 | 1,346.50 | 990.05 | 1.58 |
| Bata India Ltd | 1,227.20 | 15,773 | 47.70 | 1,477.00 | 1,025.80 | 1.60 |
| Relaxo Footwears Ltd | 465.30 | 11,583 | 68.00 | 826.30 | 375.40 | 0.70 |
| Redtape Ltd | 153.00 | 8,475 | 47.50 | 245.00 | 116.00 | 0.49 |
| Campus Activewear Ltd | 278.80 | 8,518 | 70.30 | 371.20 | 215.00 | 0.40 |
| Liberty Shoes Ltd | 362.40 | 618 | 45.50 | 569.60 | 276.00 | 0.00 |
| Sreeleathers Ltd | 240.00 | 556 | 26.53 | 296.35 | 180.00 | 0.00 |
| Khadim India Ltd | 288.40 | 520 | 98.93 | 420.95 | 210.00 | 0.00 |
| Mirza International Ltd | 41.20 | 570 | -172.70 | 46.60 | 26.20 | 0.00 |
| Lehar Footwears Ltd | 261.70 | 463 | 70.50 | 322.20 | 193.00 | 0.00 |
Brief Explanation of Best Footwear Stocks in India
Metro Brands Ltd
Metro Brands is the major specialty footwear retailer and accessories retailer in India, recognized as an aspirational brand in the premium space. The company posted consolidated revenue of ₹2,507 crores in FY25, representing a 6.4% year-on-year growth and a healthy EBITDA margin of 30.3%. With more than 750 stores in India across brands such as Metro, Mochi, and Walkway, the company enjoys robust market presence. In spite of elevated valuation multiples, Metro Brands presents stability and stable performance in the premium footwear space.
Bata India Ltd
Bata India is a century-old dependable brand that has become synonymous with quality footwear in the country. The company deals in a comprehensive product range across the formal, casual, and sports categories for all ages. Bata has been a market leader with robust retailing presence and innovation focus. The company’s emphasis on traditional retail and digital growth bodes well for future development.
Relaxo Footwears Ltd
Relaxo Footwears is India’s largest footwear company, founded in 1976 and renowned for providing trendy and affordable shoes. The firm has expanded to become a market leader with a wide range of products including casual, sports, and formal shoes. Although there have been recent setbacks due to decreased sales, Relaxo enjoys sound fundamentals and brand name. The emphasis on affordability and fashion by the company makes it a value-conscious consumer’s first pick.
Redtape Ltd
Redtape is India’s reliable leading lifestyle and fashion brand operating more than 435 stores in India. It became a full-fledged family fashion destination after demerger from Mirza International in 2023. Redtape offers international trends and global-class quality through shoes, apparels, and accessories for the entire age group. With a sound track record of ROE and a strong brand presence, the company has growth potential in the fashion footwear market.
Campus Activewear Ltd
Campus Activewear is a key player in India’s activewear and footwear industry, especially among the youth. Campus has achieved popularity for its fashion-forward comfortable sports shoes with widespread retail presence and increasing online presence. Campus concentrates on the rising demand for activewear and sports footwear within India, making it one of the primary market players. Campus’s revenue of ₹1,597 crores reflects its strong market position.
Liberty Shoes Ltd
Liberty Shoes is a renowned shoe brand with a dominant position in North India and other parts of the country. The company has a varied shoe portfolio ranging from formal, casual, to sports shoes. Liberty has shown consistent performance with decent valuations and emphasizes quality workmanship. Its 52-week high of ₹569.60 indicates strong investor optimism towards its growth prospects.
Sreeleathers Ltd
Sreeleathers is a leather footwear manufacturing company which has displayed great net profit margins of 10.20%, ranking among the best performers based on profitability. The company specializes in leather footwear and possesses a good track record of quality products. With a market cap of ₹556 crores and a reasonable PE multiple of 26.53, the stock provides value for money. The company’s steady performance makes it a good bet for long-term investors.
Khadim India Ltd
Khadim India is a footwear chain company with significant presence in Northern and Eastern India. The company has been engaged in enhancing its operation efficiency as well as market presence. Notwithstanding recent setbacks, Khadim has exhibited technical bullish momentum with price trading above key moving averages. The company’s emphasis on economical footwear positions it perfectly to capitalize on India’s mass market demand.
Mirza International Ltd
Mirza International is a reputable brand with varied footwear comprising high-end leather products. Mirza International serves both domestic as well as international markets with emphasis on good craftsmanship. Although losses in recent times are indicated in the negative PE ratio, Mirza International retains a strong customer base and remains innovative in terms of product introduction. With export orientation, the company offers diversification and opportunities for growth.
Lehar Footwears Ltd
Lehar Footwears is a mass-footwear company and brand distribution firm with outstanding growth. The firm clocked revenue of ₹277.2 crores in FY25, higher than ₹194.3 crores in FY24, reflecting robust growth trend. With stellar 5-year CAGR of 62.17% and 1181.45% 5-year returns, Lehar has been amongst the best small-cap footwear performer stocks. Strong execution and focus on affordable footwear make Lehar an investor’s delight for growth-focused investors.
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Investment Considerations
- Growth Drivers for Footwear Industry: Indian footwear industry is driven by several growth drivers that underpin long-term investment opportunities. Urbanization and growing fashion awareness among consumers propel demand for branded shoes. Growth of organized retail and e-commerce channels offers enhanced reach and accessibility. Furthermore, the sport and fitness culture growth in India increases demand for sports and casual footwear.
- Key Risk Factors: Footwear shares also have some issues that need to be taken into account by the investors. High competition from local as well as global brands can squeeze margins. Volatility in raw material prices, particularly leather and synthetic, can hurt profitability. Slowing economies can influence discretionary spending by consumers on branded footwear.
- Market Outlook: Indian footwear market is expected to grow to $46 billion by 2033 at a CAGR of 10.1%. The growth is expected to be led by premiumization, brand awareness, and entry into tier-II and tier-III cities. Players that are able to effectively utilize digital platforms, sustain quality, and keep pace with evolving fashion trends will be likely to outshine.
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Conclusion
Indian footwear industry offers great investment prospects for 2025 as the sector is expected to expand at a healthy rate on the back of growing consumer expenditure and brand awareness. The 10 stocks given above are the finest bets from various segments of the market, ranging from premium players such as Metro Brands and Bata India to high-growth bets like Lehar Footwears.
For value investors, Metro Brands and Bata India provide stability with high brand recall and leadership in the market. Growth investors can look at Campus Activewear and Redtape, which are likely to gain from the young population’s inclination towards fashionable footwear. Value investors may have opportunities to take a bet on Liberty Shoes and Sreeleathers, which provide fair valuations with decent fundamentals.
The secret to winning footwear stock investment lies in realizing that the sector is a beneficiary of India’s story of long-term consumption growth and rising brand awareness. Those firms that invest in innovation, preserve quality, and evolve with digital change are most likely to be winners. With favorable population trends and expanding organized retail penetration, footwear stocks represent attractive bets for 2025 and onwards.
Investors can diversify across sizes of companies as well as market segments and avoid focusing on a single stock. The industry’s growth opportunities coupled with fair valuations of most stocks make it a good addition to long-term portfolios. With the fashion and lifestyle industry in India going from strength to strength, these footwear firms are ready to make patient investors rich with good returns.
Disclaimer: The above information is for information purposes only and cannot be treated as investment advice. Investment in stocks is risk-inherent. Kindly make informed research and consult a financial advisor before investing.
