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Indian (NIFTY) Footwear Industry Analysis
UpdatedApr 10, 2026
DataAggregated Company Financials
Companies11
- 7D5.4%
- 3M-20.8%
- 1Y-28.8%
- YTDn/a
The Footwear industry is up 10% in the last week, with Bata India up 6.6%. In the same time, Mayur Leather Products was down 5.3%. However, the industry is down 28% over the past year. Earnings are forecast to grow by 19% annually.
Industry Valuation and Performance
Has the Indian Footwear Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 10 Apr 2026 | ₹246.5b | ₹98.4b | ₹5.4b | 38.1x | 45.8x | 2.5x |
| Sun, 08 Mar 2026 | ₹264.2b | ₹98.4b | ₹5.4b | 33.3x | 49.1x | 2.7x |
| Tue, 03 Feb 2026 | ₹304.5b | ₹97.8b | ₹5.2b | 25.2x | 58.4x | 3.1x |
| Thu, 01 Jan 2026 | ₹317.6b | ₹97.8b | ₹5.3b | 28.7x | 60.2x | 3.2x |
| Sat, 29 Nov 2025 | ₹332.0b | ₹97.8b | ₹5.3b | 30.6x | 63x | 3.4x |
| Mon, 27 Oct 2025 | ₹363.7b | ₹97.7b | ₹5.6b | 43.1x | 65.3x | 3.7x |
| Wed, 24 Sep 2025 | ₹373.6b | ₹97.6b | ₹5.6b | 47x | 67.2x | 3.8x |
| Fri, 22 Aug 2025 | ₹362.0b | ₹97.6b | ₹5.6b | 42.3x | 65.1x | 3.7x |
| Sun, 20 Jul 2025 | ₹393.0b | ₹97.6b | ₹6.6b | 47.4x | 59.9x | 4x |
| Tue, 17 Jun 2025 | ₹365.5b | ₹97.2b | ₹6.5b | 50.3x | 56.1x | 3.8x |
| Thu, 15 May 2025 | ₹357.9b | ₹96.5b | ₹6.7b | 59.6x | 53.5x | 3.7x |
| Sat, 12 Apr 2025 | ₹351.9b | ₹96.7b | ₹6.7b | 52.5x | 52.2x | 3.6x |
| Mon, 10 Mar 2025 | ₹364.9b | ₹96.7b | ₹6.7b | 48.5x | 54.1x | 3.8x |
| Wed, 05 Feb 2025 | ₹414.1b | ₹95.8b | ₹6.5b | 65.4x | 63.8x | 4.3x |
| Fri, 03 Jan 2025 | ₹456.9b | ₹96.3b | ₹6.6b | 65.5x | 68.9x | 4.7x |
| Sun, 01 Dec 2024 | ₹455.2b | ₹96.3b | ₹6.6b | 61.1x | 68.6x | 4.7x |
| Tue, 29 Oct 2024 | ₹469.1b | ₹95.9b | ₹6.4b | 59.3x | 73.3x | 4.9x |
| Thu, 26 Sep 2024 | ₹520.2b | ₹95.9b | ₹6.4b | 59.1x | 81.3x | 5.4x |
| Sat, 24 Aug 2024 | ₹496.7b | ₹95.9b | ₹6.4b | 63.4x | 77.6x | 5.2x |
| Mon, 22 Jul 2024 | ₹506.8b | ₹95.6b | ₹5.9b | 57.4x | 85.9x | 5.3x |
| Wed, 19 Jun 2024 | ₹497.2b | ₹95.7b | ₹5.9b | 53.9x | 84.2x | 5.2x |
| Fri, 17 May 2024 | ₹471.6b | ₹95.7b | ₹5.8b | 54.6x | 81.5x | 4.9x |
| Sun, 14 Apr 2024 | ₹473.7b | ₹95.5b | ₹5.8b | 56.5x | 81.6x | 5x |
| Tue, 12 Mar 2024 | ₹480.6b | ₹95.5b | ₹5.8b | 58.7x | 82.8x | 5x |
| Thu, 08 Feb 2024 | ₹498.0b | ₹95.5b | ₹6.1b | 61x | 82.1x | 5.2x |
| Sat, 06 Jan 2024 | ₹538.2b | ₹95.0b | ₹6.2b | 61x | 86.5x | 5.7x |
| Mon, 04 Dec 2023 | ₹534.8b | ₹95.1b | ₹6.2b | 55.1x | 86.1x | 5.6x |
| Wed, 01 Nov 2023 | ₹521.9b | ₹95.5b | ₹6.5b | 42.3x | 80.8x | 5.5x |
| Fri, 29 Sep 2023 | ₹532.4b | ₹95.5b | ₹6.5b | 40.1x | 82.4x | 5.6x |
| Sun, 27 Aug 2023 | ₹557.7b | ₹95.5b | ₹6.5b | 38.4x | 86.2x | 5.8x |
| Tue, 25 Jul 2023 | ₹560.9b | ₹95.0b | ₹6.5b | 40x | 86.9x | 5.9x |
| Thu, 22 Jun 2023 | ₹553.4b | ₹95.0b | ₹6.5b | 36.5x | 85.7x | 5.8x |
| Sat, 20 May 2023 | ₹536.8b | ₹106.8b | ₹7.8b | 43.9x | 69.1x | 5x |
| Mon, 17 Apr 2023 | ₹496.6b | ₹106.2b | ₹7.8b | 33.4x | 64x | 4.7x |
Price to Earnings Ratio
64x
Current Industry PE
- Investors are pessimistic on the Indian Footwear industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 46.2x which is lower than its 3-year average PE of 70.9x.
- The 3-year average PS ratio of 4.6x is higher than the industry's current PS ratio of 2.5x.
Past Earnings Growth
- The earnings for companies in the Footwear industry have declined 12% per year over the last three years,
- Revenues have also declined 2.5% per year.
- This means overall sales from these companies are declining and profits are subsequently falling as well.
Industry Comparison
How does Indian Footwear compare with similar industries?
| IN Market | 5.36% | |
| Consumer Discretionary | 6.57% | |
| Luxury | 7.13% | |
| Footwear | 5.36% | |
| Apparel, Accessories and Luxury Goods | 7.95% | |
| Textiles | 4.05% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| 500043 Bata India | ₹715.30 | 8.8% +₹7.4b | -42.4% | PE51.7x | |
| 530517 Relaxo Footwears | ₹290.65 | 8.6% +₹5.7b | -30.3% | PE43.1x | |
| CAMPUS Campus Activewear | ₹238.53 | 3.7% +₹2.6b | 0.09% | PE51.7x | |
| 532829 Lehar Footwears | ₹213.55 | 15.1% +₹495.9m | -10.7% | PE17.4x | |
| LIBERTSHOE Liberty Shoes | ₹261.75 | 11.4% +₹456.0m | -17.5% | PE38.8x |
