Page 3 - Footwear Manufacturers

Campus Activewear Q4 net profit up three-fold to Rs 39.6 crore

Campus Activewear Ltd on Tuesday reported over three-fold increase in its consolidated net profit at Rs 39.60 crore for the fourth quarter ended March 2022. The shoemaker, which was listed on BSE earlier this month, had posted a net profit of Rs 10.01 crore in the January-March quarter a year ago, said Campus Activewear Ltd in a regulatory filing. Its revenue from operation rose 28.07 per cent to Rs 352.33 crore against Rs 275.10 crore in the year-ago period. "Net profit during the quarter stood at Rs 39.61 croe, PAT (Profit After Tax) margins expanded by 760 basis points year-on-year to 11.2 per cent in Q4 FY22," said Campus Activewear in a post-earnings statement. The company's total expenses were at Rs 295.30 crore, up 31.05 per cent in Q4 FY22 compared to Rs 225.32 crore in Q4 FY21. For the entire fiscal ended March 2022, Campus Activewear's net profit was up over four-fold to Rs 124.41 crore. It had reported a net profit of Rs 26.86 crore in the previous fiscal. Its revenue

Woodland seeks 20% topline growth of over Rs 1,200 cr this fiscal

Owned by Aero Club, the privately-held Woodland closed FY22 with Rs 1,000 crore revenue and has set a target of crossing Rs 1,200 crore this year or clawing back to the pre-pandemic sales this fiscal

Leather, footwear exports to cross $6 billion in 2022-23: CLE

The industry is also urging the government to extend the Production Linked Incentive (PLI) Scheme to the sector.

GST, raw material costs pushed footwear prices by 20-50% in 1 yr: V Noushad

V Noushad urged the government to take steps to boost the local manufacturing of components, machines and designs in the non-leather category

Share pice of this footwear company has more-than-doubled in just 2 months

Mirza Internataional hit a 4-year high on soaring 20 per cent in intra-day trades on the BSE after the company said one of its promoters bought 100,000 equity shares via open market recently.

Multiple price hikes could impact demand of footwear companies, say experts

The increase in product prices are on account of higher input costs, GST hike

Bata India reports consolidated net profit of Rs 37 crore for Sept quarter

Bata India on Wednesday reported a consolidated net profit helped by an increase in sales

Bata India at record high, up 4% on institutional buying, revival hopes

Domestic investors have hiked stake in the company by 243 basis points (bps) to 17.88 per cent, while foreign shareholding increased marginally to 5.35 per cent at the end of June 2021 quarter

Bata India to focus on expansion in small towns, online channels

This is part of the firm's efforts to save cash through enhanced productivity, cost-reduction and tight inventory management

Footwear, readymade garments likely to attract higher rates of GST

The fitment committee, which recommends rate changes to the Council, has proposed increasing the rate on footwear (less than Rs 1,000), readymade garments, and fabrics to 12% from 5% now

Bata India appoints ex-Britannia exec Gunjan Shah as country CEO

Shah takes over next month; Sandeep Kataria, Bata India's current CEO, has been elevated to the position of global CEO

Indian footwear makers' topline to grow 25% in FY22 on low base: Report

After revenue contraction by over a fifth in the pandemic-impacted FY21, the Indian footwear sector can look forward to a 25 per cent jump in toplines in FY22

Adidas expects strong rebound in 2021, takes Reebok hit

Adidas said last month it plans to sell or spin off Reebok

Plug-and-play model the missing link in leather, footwear sector: R Selvam

India is the second largest global producer of footwear with 2.6 billion pairs/year in 2019, whereas China ranks first with 13.47 billion pairs

Govt releases quality control norms for leather footwear to contain imports

According to a DPIIT notification, the products would have to conform to the specified standards and bear the standard mark under a licence from the Bureau of Indian Standards (BIS)

Bata India re-rating hinges on strong show by revenue spinning premium biz

Analysts believe Bata's margin and earnings growth would see relatively more pressure than players like Relaxo Footwears

Trade blocks against China spell opportunity for Indian footwear sector

The silver lining, however, is that if the industry checks certain boxes it could over time tap the export vacuum China will leave behind

German footwear brand Von Wellx shifts production from China to India

Production will now happen at Agra in collaboration with Iatric Industries; German brand is sold in 80 countries and has over 100 mn customers worldwide

Footwear industry says it lost export orders worth $1 bn due to Covid-19

Says it may require support from government in the form of reduction in GST, especially for footwear priced above Rs 1,000

GST impact: Footwear manufacturers rue high tax, dual rates

GST can hit the growth prospects of Rs 30,000-crore domestic footwear industry