Footwear Manufacturers

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

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

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

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

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

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

The Bureau of Indian Standards for imported footwear requires the companies to float their products in India only after receiving the ISI mark

Footwear retail chain Metro Brands on Thursday reported a 12.57 per cent decline in consolidated net profit to Rs 98.78 crore for the third quarter ended December 2023. The company had posted a net profit of Rs 112.99 crore during the October-December period a year ago, according to a regulatory filing from Metro Brands Ltd (MBL). However, its revenue from operations increased 6.14 per cent to Rs 635.50 crore during the quarter under review against Rs 598.71 crore in the year-ago period. MBL's total expenses rose 11.77 per cent to Rs 515.53 crore in the December quarter. In a separate filing, MBL said its board in a meeting held on Thursday declared an interim dividend at Rs 2.75 per equity share on the face value of the paid-up equity shares of Rs 5 each for the FY 2023-24. Shares of Metro Brands on Thursday settled at Rs 1,202 on the BSE, down 1.98 per cent from the previous close.

TMS Ep608: Foreign universities, non-leather footwear, IT stocks, Atal Setu

Will students warm up to foreign universities in India? How can India scale operations in non-leather footwear? Will IT stocks keep driving markets? What is the Mumbai Trans Harbour Link? Answers here

Several suppliers of non-leather footwear players like Nike, Adidas, Puma, and Reebok have either set up their units in Tamil Nadu or are close to sealing a deal

The Tamil Nadu government has planned to set up a footwear manufacturing park at an outlay of Rs 400 crore on a 250-acre land, Chief Minister M K Stalin said on Tuesday. The industrial project would generate 20,000 new jobs in Ranipet district, he said at an event here. Stalin made those comments after virtually inaugurating a footwear manufacturing facility set up at an investment of Rs 400 crore by JR One Footwear Pvt Ltd at Eraiyur in Perambalur district, about 250-km south of Chennai. Observing that the government has implemented several projects in the leather and footwear industries during the last two years, he said following the release of a footwear and leather products policy in 2022 there have been developmental changes in these sectors. "By witnessing such growth, it gives me the confidence to say that the day is not far in achieving the USD 1 trillion economy by 2030." Tamil Nadu should further strengthen its position in the leather and footwear sectors. "The governme

Plant with Rs 400 cr investment will provide jobs to 4,000 people initially

According to the state government, with a policy rolled out last year that is pushing up its growth, the footwear sector in Tamil Nadu is a mainstay in the state's industrial growth story

The footwear industry is likely to register a moderate growth of 7-8 per cent in the current fiscal against 28 per cent in FY23, a report by Icra said on Thursday. The industry witnessed a muted revenue growth in the first half of FY24, mainly on account of factors like sluggish volume growth and no significant increase in average selling price, it added. The mass segment faces headwinds, and demand is unlikely to improve significantly in the near term, though sales recovery during the festive and wedding season in H2 FY2024 could "partially offset muted revenue growth in H1". "While some recovery is expected in H2 FY2024, overall revenue growth is likely to moderate sharply to around 7-8 per cent in FY24, with companies focusing on the premium segment expected to perform well," said Icra. On the input side, softening raw material (RM) prices are estimated to support the operating margin (OPM) in H1 FY2024. However, increasing RM prices since August 2023 are likely to impact the .

Footwear manufacturers and allied industries from 13 states held a protest, dissenting against the Central government's imposition of BIS quality certification on all kinds of footwear. The nationwide protest was organised by the All India MSME Footwear Council on Wednesday. The state-level protest was held at Modern Industrial Estate in Kozhikode, a statement said here on Thursday. As many as 400 small-scale footwear units also took part in the protest across Kerala. Industry leaders and MSME owners pointed out that the government's decision was neither practical nor scientific, it said. "The standards are set without considering the manufacturing/production process, types of raw materials used, and categories of footwear products. This makes the implementation of BIS standards unrealistic," VKC Razak, National Chairman, All India MSME Footwear Council, said. The protestors demanded a conclusive order from the government that relieves the MSME units from the ambit of mandatory B

Established in 2008 by Virender Awal and a co-founding team of five members, Mochiko Shoes registered a revenue of Rs 642 crore in FY23 and is estimated to grow by 30 per cent year-on-year

The store will not only have apparel but also footwear as well as it looks to provide an entire experience to customers

Valuations factoring in second-half recovery are in the expensive zone

The footwear company is in talks with German sportswear giant Adidas for a strategic partnership for the Indian market, a report said

The retailer, which houses brands such as Hush Puppies and Scholl, is likely to tie up with Adidas for the Indian market, as per the report