Footwear

Private equity firm TPG sells 7.6% stake in Campus Activewear for Rs 806 cr

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

Govt in advanced stage to launch Rs 3,500-crore PLI scheme for toy sector

Dept in advanced inter-ministerial talks; schemes for bicycles, footwear to follow

Tata Cliq Luxury plans large-scale Black Friday sale starting Nov 23

The sale will have offers on global and Indian luxury and premium brands

Relaxo Footwears tanks 7%, hits 52-week low on weak Q2 performance

In Q2, EBITDA margins declined to 8.9 per cent, down 445 bps YoY and 400 bps on QoQ, due to higher raw material cost.

Reliance Retail rolls out athleisure brand Xlerate on AJIO Business

The brand caters to requirements of sports and fitness enthusiasts

D2C footwear start-up Yoho raises Rs 20 cr in pre-series A funding

Funds will be used by the company to create capabilities for new product propositions and sustainable manufacturing standards

Liberty Shoes hits multi-yr high on strong outlook; stock up 104% in 1-mnth

Going ahead, the company aims to grow by 30 per cent in the year 2022-23 and is confident enough to achieve the highest ever top line and Profit before tax (PBT) in the year 2022-23

Walkaroo to set up manufacturing unit in Rajasthan to tap northern market

Noted footwear brand Walkaroo International Ltd is setting up a new greenfield manufacturing facility in Rajasthan at an investment of Rs 70 crore as it plans to strengthen presence in the northern market, according to a company official. With two-thirds of the revenue contributed from the southern region, the company expects to garner a topline of Rs 2,100 crore during the current financial year, Walkaroo International Ltd Director Rajesh Kurian said on Sunday. According to him, the Coimbatore-based company reaches out to 1.5 lakh retail outlets through its 750 distributors. "We have close to 5 per cent market share in the footwear market and we are at the bottom of the pyramid market. What we manufacture is polyurethane synthetic. In our new factory in Rajasthan, we will be producing rubber hawai (slippers) which will cater to markets like Bihar and Uttar Pradesh," he told PTI. Elaborating, he said, "The new factory is under process. We will be manufacturing the rubber hawai ...

Bata India expands footprint but performs below expectations in Q1

Footwear manufacturer trails peers on 3-year growth parameter

Metro Brands posts net profit of Rs 106 cr in Q1; revenue rise two-fold

The company had posted a net loss after tax of Rs 12.13 crore during the January-March quarter last year, Metro Brands Ltd said in a regulatory filing.

Footwear firm Khadim India celebrates founder's 96th birth anniversary

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

Bata India dives after 2.8% promoter stake sale; stock down 8% in a week

On June 1, 2022, BATA (BN) B V, the promoter of Bata India, divested 3.6 million shares or 2.8 per cent stake of the footwear company for nearly Rs 613 crore through open market transactions.

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

Relaxo Footwears slips 10% on weak March quarter results

In Q4FY22, EBITDA margin was down 596 bps to 15.9% due to steep increase in raw material prices and extra support to trade towards GST rate differential on inventory.

Decent debut for Campus Activewear; lists 22% higher against issue price

The stock opened at Rs 355, 22 per cent higher against issue price of Rs 292 on the BSE.

Puma, Nike footwear maker Hong Fu to invest Rs 1,000 cr in Tamil Nadu

20,000 jobs to be created, boost for footwear industry in state; Hong Fu has been manufacturing and selling sportswear since 2003

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

Sole searching: Preference for smart casual footwear may outlast pandemic

As some things - like office attire and formal shoes - were pushed to the back of closets, stuff that spelled comfort quickly took their place

Metro Brands IPO subscribed 3.6 times last day on Institutional interest

The company had priced its Rs 1,367-crore IPO at Rs 485-500 a share; offer consisted of a fresh issue of Rs 295 cr and Rs 1,072 cr OFS