Footwear Manufacturers

Private equity firm TPG on Friday divested a 7.6 per cent stake in sports and athleisure footwear company Campus Activewear for Rs 806 crore through an open market transaction. TPG through its affiliate TPG Growth III SF Pte offloaded the shares in Campus Activewear. According to the bulk deal data available on the National Stock Exchange (NSE), TPG Growth III SF Pte sold 2,32,07,692 shares, amounting to a 7.62 per cent stake in the firm. The shares were disposed of at an average price of Rs 347.24 apiece, taking the transaction value to Rs 805.86 crore. As of December 2022, TPG Growth III SF Pte owned a 7.62 per cent stake in the firm. Investment Trust Fidelity Series Emerging Markets Oppor Fund, Societe Generale and Fidelity Investment Trust Fidelity International Discovery Fund acquired a total of 91.06 lakh equity shares of the firm. On Friday, shares of Campus Activewear closed 8.72 per cent lower at Rs 338 per share on the NSE. In a separate bulk deal, Zydus Family Trust b

According to media report private equity firm TPG had plans to sell 7.62 per cent stake worth Rs 800 crore in Campus Activewear via block deal at Rs 345 per share.

Relaxo lags behind peers in the quarter, given demand weakness, price cuts, and higher input costs

Footwear retail chain Metro Brands has signed a share purchase agreement to acquire 100 per cent shareholding of Cravatex Brands to expand its presence in the sports and athleisure space in India, a regulatory filing said on Wednesday. BSE-listed Cravatex Brands is a retail, brand licensing, distribution and sourcing company that has the exclusive long-term license for the Italian sportswear brand FILA, owns sportwear brand Proline, and represents other international brands. The acquisition is based on fulfilment of closing conditions by both parties. Paragon Partners, an existing investor in Cravatex Brands Limited, will also sell its entire stake as part of this transaction, Cravatex said in the filing. "This acquisition fits our strategic vision at Metro Brands Ltd to leverage our expertise in brick and mortar and e-commerce retail while serving the growing need of the consumer in the sports and athleisure category. "We are truly committed to our vision to be India's largest ...

Union Minister Piyush Goyal on Friday said India's footwear sector has immense potential, and it can increase production and exports 10 times in the near future.

Shares of Liberty Shoes hit a fresh four-year high at Rs 270.40, surging as much as 8 per cent in Wednesday's intra-day trade, in an otherwise a weak market.

Among individual stocks, Liberty Shoes has witnessed a 'Golden Cross' on the daily chart, and can potentially rally up to 15 per cent.

Footwear manufacturer trails peers on 3-year growth parameter

Khadim at present has expanded to 799 retail outlets and has a network of 575 distributors

The company has been underperforming peers on the growth front over the FY19-22 period

The shares were picked by a clutch of domestic mutual funds, foreign investors and an insurance company

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

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

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

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

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.

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

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

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

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