Best Footwear Stocks in India for August 2025: Metro Brands, Relaxo & More – Based on Net Profit Margin

India’s footwear sector continues to expand steadily, catering to rising consumer demand and evolving preferences. With immense employment and export potential, India is the second-largest producer of footwear globally, accounting for 10.7% of global production a testament to the industry’s capability and global competitiveness.

The sector contributes around 2% of India’s GDP and generates employment for approximately 4.42 million people, largely comprising youth and women. 

In this article, we examine the best footwear stocks in India for August 2025. Let’s take a look at the best footwear companies based on key financial parameters.

Best Footwear Stocks in India – August 2025 (Net Profit Margin Basis)

Note: The list of the best footwear stocks above is sorted first based on market capitalisation, and the top 10 companies are then ranked by their net profit margin. The data is as of July 28, 2025.

Overview of the Best Footwear Stocks in India for August 2025

1. Metro Brands Ltd

Metro Brands is one of India’s leading specialty retailers in footwear and accessories. In June 2025, the company announced an exclusive partnership with British brand Clarks, marking the latter’s official comeback to the Indian market.

Metro also celebrated the launch of its 900th store across India. The company retails a mix of in-house and international brands including Metro Shoes, Mochi, Crocs, FitFlop, Fila, and Footlocker.

Key Metrics

• ROE: 23.79% 
• ROCE: 20.87%

2. Sreeleathers Ltd

Sreeleathers operates in the footwear and accessories space through both retail and wholesale channels. For the quarter ending March 2025, it reported net sales of ₹53.15 crore, up 7.15% YoY.

Net profit for the quarter stood at ₹5.29 crore, marking a 10.83% rise YoY. EBITDA rose 11.45% to ₹7.69 crore in the same period.

Key Metrics 

• ROE: 6.80% 
• ROCE: 7.56%

3. Bata India Ltd

Bata India is engaged in the manufacturing and trading of footwear and accessories through a robust retail and wholesale network.

The company reported a consolidated net profit of ₹45.92 crore in Q4 FY25, down 27.8% YoY. Revenue for the quarter stood at ₹788.21 crore, slightly lower than the previous year’s ₹797.87 crore.

Key Metrics 

• ROE: 21.32% 
• ROCE: 19.66%

4. Phoenix International Ltd

Incorporated in 1987 and later converted to a public company, Phoenix International is involved in the footwear business and is promoted by entrepreneurs with global business exposure.

The company has two subsidiaries: Phoenix Industries Ltd and Phoenix Cement Ltd. Its business interests span multiple sectors including oil & gas and real estate.

Key Metrics

• ROE: 0.69% 
• ROCE: 2.47%

5. Relaxo Footwears Ltd

Relaxo is India’s largest manufacturer of non-leather footwear, selling products under popular brands like Flite, Sparx, Bahamas, and Schoolmate. In Q4 FY25, the company reported an 8% YoY drop in profit to ₹56 crore, while revenue from operations declined by 7% YoY.

Key Metrics 

• ROE: 10.40% 
• ROCE: 11.42%

Best Footwear Stocks in India – August 2025 (5-Year CAGR Basis)

Note: The list of the best footwear stocks above is sorted first based on market capitalisation, and the top 10 companies are then ranked by their 5-yr CAGR. The data is as of July 28, 2025.

Best Footwear Stocks in India – August 2025 (Debt-to-Equity Ratio Basis)

Note: The list of the best footwear stocks above is sorted first based on market capitalisation, and the top 10 companies are then ranked by their debt-to-equity ratio. The data is as of July 28, 2025.

Read More: Best Railway Stocks for August 2025: Jupiter Wagons, Titagarh Rail, BEML and More - Based on 5-Yr CAGR.

Conclusion

India’s footwear industry includes companies with a wide range of financial performance and growth profiles. While net profit margins and long-term returns vary, factors like low debt levels and operational efficiency are important indicators of business resilience. Investors should use a combination of metrics and independent research to assess stock suitability.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in securities market are subject to market risks, read all the related documents carefully before investing.