Footwear stocks have seen a good run-up in the last three months. Bata India and Relaxo Footwears have witnessed a small gain but the other four footwear stocks’ prices have surged anywhere between 45 per cent and 135 per cent in the just past 3-month period. We excluded footwear companies’ market cap below Rs 500 crore. The Indian consumer is becoming more brand-centric not only in the urban area but also even in smaller towns, which is likely to be more beneficial to the organised segment as a shift from the unorganised segment. Let’s take a look at how these footwear companies fared on SWOT analysis.
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