{"id":84764,"date":"2026-05-13T17:44:59","date_gmt":"2026-05-13T12:14:59","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=84764"},"modified":"2026-05-13T17:45:01","modified_gmt":"2026-05-13T12:15:01","slug":"best-leather-stocks-in-india-2026","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/best-leather-stocks-in-india-2026\/","title":{"rendered":"Best Leather Stocks in India 2026: Top 4 Footwear and Leather Manufacturing Picks"},"content":{"rendered":"
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The best leather stocks in India 2026 are at a China Plus One export inflection in leather goods, Europe and the US sourced 65 percent of leather footwear and goods from China a decade ago and are now actively diversifying to India, Vietnam and Bangladesh. India’s leather industry targets USD 10 billion in exports by 2025 growing at 12 to 14 percent annually. Relaxo Footwear Ltd is India’s largest footwear company by volume with Sparx, Relaxo and Flite brands selling 240 million pairs annually primarily to mass market consumers. Mirza International Ltd is the Kanpur based leather goods and footwear exporter with Red Chief branded shoes and leather upper exports to global brands. The leather industry employs 4 million people across Tamil Nadu, West Bengal and UP clusters and is a priority export sector under India’s PM Gati Shakti programme.<\/p>\n

Ankit Jaiswal, Senior Research Analyst at Univest, sees Relaxo Footwear as one of India’s finest volume manufacturing businesses, producing 240 million pairs annually at Rs 4,500 crore revenue with EBITDA margins above 14 percent from a mass market distribution advantage that no competitor can quickly replicate. Kunal Singla, Associate Director at Univest, highlights that India’s leather footwear export competitiveness versus China is now established, Indian leather costs 25 to 30 percent below Chinese leather due to abundant cattle hides, and Indian craftsmanship for Italian and French luxury brands is growing at 25 percent annually.<\/p>\n

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