3 Largest Footwear Retailer, Premium Footwear Retail Chain and Casual Footwear Brand Stocks With a Strong Future Roadmap: Bata India, Metro Brands and Redtape

Bata India, Metro Brands and Redtape: ROE of 10.4% to 23.6% and FY22 to FY26 revenue CAGR of 10.1% to 70.3%. Prices as of 22 Oct 2026.

Updated: 23 Oct 2026 • 2:30 pm

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The three footwear retail and shoe brand stocks to watch are Bata India, Metro Brands and Redtape. Their return on equity ranges from 10.4% to 23.6%, and their revenue compound annual growth from FY22 to FY26 ranges from 10.1% to 70.3%. Redtape leads on both return on equity at 23.6% and revenue growth at 70.3% a year. Prices are based on the 22 October 2026 close, and this article is educational, not investment advice.

Footwear retail and shoe brand stocks let investors follow companies that sell shoes to Indian households. Bata India, Metro Brands and Redtape cover the largest footwear retailer, a premium footwear retail chain and a casual footwear brand.

This list covers three footwear retail and shoe brand stocks with complete current figures: Bata India, Metro Brands and Redtape. Every figure comes from the latest reported financials and the 22 October 2026 market close. Companies without complete current figures were left out.

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Table of Contents

What Are Footwear Retail and Shoe Brand Stocks?

Footwear retail and shoe brand stocks are listed companies that make and sell shoes through stores and online channels. Their earnings depend on store additions, same-store sales, brand strength and product mix.

Footwear Retail and Shoe Brand Stocks at a Glance

Company	CMP (Rs)	Market Cap (Rs Cr)	P/E	Industry P/E	ROE (%)	D/E
Bata India	636.5	8,187	56.0	37.0	10.4	0.87
Metro Brands	854.95	23,316	55.4	37.0	19.8	0.76
Redtape	109.49	6,169	25.0	63.4	23.6	0.70

On valuation, Redtape trades at a P/E below the industry P/E, while Bata India and Metro Brands trade above it, which reflects the growth the market already expects. Readers comparing footwear retail and shoe brand stocks should look at return on equity and debt together, since a high return earned with low debt is easier to sustain.

Why Do Footwear Retail and Shoe Brand Stocks Have a Strong Roadmap in India?

Footwear retail and shoe brand stocks have a strong roadmap in India because rising incomes and a shift towards branded and premium footwear are widening the market.

Branded shift. Buyers move from unbranded to branded footwear.
Premium mix. Higher-priced products lift revenue per pair.
Store and online reach. More outlets and online sales widen the base.

Why Bata India Features Among These Footwear Retail and Shoe Brand Stocks

Among the footwear retail and shoe brand stocks on this list, Bata India is the country's largest footwear retailer, selling under the Bata, Hush Puppies, Power and other brands through a large network of company-owned and franchised stores.

In the June 2026 quarter, revenue grew 4.0% year on year to Rs 997 crore, while net profit rose 23.0% to Rs 64.0 crore. Revenue rose from Rs 2,444 crore in FY22 to Rs 3,595 crore in FY26, a compound annual growth rate of 10.1%.

Net profit grew from Rs 103 crore in FY22 to Rs 134 crore in FY26, which works out to a compound annual growth rate of 6.8%. The company has a return on equity of 10.4%, a debt to equity ratio of 0.87 and a market capitalisation of Rs 8,187 crore. The stock trades at a P/E of 56.0, above the industry P/E of 37.0.

Roadmap: The company is widening its range into sports, casual and premium footwear and adding stores in smaller towns. A trusted brand and deep retail reach support steady demand.

What to watch: Follow store additions, premium product mix and same-store sales.

Why Metro Brands Features Among These Footwear Retail and Shoe Brand Stocks

Among the shoe label and retail shares on this list, Metro Brands is a Mumbai-based footwear retailer operating the Metro, Mochi, Walkway and Crocs outlets, and also selling through online channels and select partner brands.

The company has a return on equity of 19.8%, a debt to equity ratio of 0.76 and a market capitalisation of Rs 23,316 crore. The stock trades at a P/E of 55.4, above the industry P/E of 37.0.

Revenue rose from Rs 1,402 crore in FY22 to Rs 2,968 crore in FY26, a compound annual growth rate of 20.6%. Net profit grew from Rs 213 crore in FY22 to Rs 416 crore in FY26, which works out to a compound annual growth rate of 18.2%.

Roadmap: The company is opening new stores across cities and adding premium and international brands to its range. An omni-channel presence helps it reach a wider set of shoppers.

What to watch: Track store openings, premium brand share and online sales.

Why Redtape Features Among These Footwear Retail and Shoe Brand Stocks

Among the three companies on this list, Redtape, an Indian footwear and accessories brand, sells casual, formal and sports footwear through exclusive stores, multi-brand outlets and online channels.

Revenue rose from Rs 303 crore in FY22 to Rs 2,552 crore in FY26, a compound annual growth rate of 70.3%. Net profit grew from Rs 29.0 crore in FY22 to Rs 241 crore in FY26, which works out to a compound annual growth rate of 69.6%.

In the June 2026 quarter, revenue grew 4.8% year on year to Rs 496 crore, while net profit rose 15.2% to Rs 44.5 crore. The company has a return on equity of 23.6%, a debt to equity ratio of 0.70 and a market capitalisation of Rs 6,169 crore. The stock trades at a P/E of 25.0, below the industry P/E of 63.4.

Roadmap: Growth is driven by store expansion, higher online sales and a broader product range, including apparel and accessories. A shift towards branded footwear in smaller cities widens its customer base.

What to watch: Follow same-store sales and the pace of new store openings.

Bata India vs Metro Brands vs Redtape on Key Financials

The table below sets the three footwear retail and shoe brand stocks side by side on revenue, profit and margin, using reported figures.

Company	FY22 Revenue (Rs Cr)	FY26 Revenue (Rs Cr)	Revenue CAGR (FY22-FY26)	FY26 Net Profit (Rs Cr)	FY26 Net Margin
Bata India	2,444	3,595	10.1%	134	3.7%
Metro Brands	1,402	2,968	20.6%	416	14.0%
Redtape	303	2,552	70.3%	241	9.4%

Redtape posts the highest return on equity in this group at 23.6%. Bata India has the largest FY26 revenue at Rs 3,595 crore, and Redtape shows the fastest revenue growth with a 70.3% compound annual rate.

Key Risks to Check Before Investing in Footwear Retail and Shoe Brand Stocks

Every theme carries risks that deserve a check before any decision. For these footwear retail and shoe brand stocks, the main points are:

Seasonality. Footwear demand varies with festivals and weather.
Competition. Many brands compete for shoppers.
Valuation levels. Some of these companies trade at high earnings multiples, so growth must continue to justify them.

Treat this list as a starting point for research and not as a recommendation. Read the latest results presentation, check the management commentary on order books or capacity plans, and compare each company with its peers before you decide anything.

Use the Univest Stock Screener to filter footwear retail and shoe brand stocks by market capitalisation, P/E, ROE and growth, and build your own shortlist.

Final Thoughts on Footwear Retail and Shoe Brand Stocks

Footwear retail and shoe brand stocks reward investors who follow store additions, same-store sales and product mix together. Bata India, Metro Brands and Redtape each have room to widen their reach. Based on the 22 October 2026 close, Bata India trades at Rs 636.5, Metro Brands at Rs 854.95 and Redtape at Rs 109.49.

Download the Univest iOS App or Univest Android App to track footwear retail and shoe brand stocks, set price alerts and get research-backed stock ideas.

Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).

What are footwear retail and shoe brand stocks?

Ans. Footwear retail and shoe brand stocks are listed companies that make and sell shoes through stores and online channels. Their earnings depend on store additions, same-store sales, brand strength and product mix. This list looks at three of them, Bata India, Metro Brands and Redtape, using reported FY22 to FY26 financials and the 22 October 2026 closing prices.

Which footwear retail and shoe brand stocks are covered in this list?

Ans. This list covers Bata India, Metro Brands and Redtape. Based on the 22 October 2026 close, Bata India traded at Rs 636.5, Metro Brands at Rs 854.95 and Redtape at Rs 109.49. Their return on equity ranges from 10.4% to 23.6%, and their revenue compound annual growth from FY22 to FY26 ranges from 10.1% to 70.3%.

Why do footwear retail and shoe brand stocks have a strong future roadmap in India?

Ans. Footwear retail and shoe brand stocks have a strong roadmap in India because rising incomes and a shift towards branded and premium footwear are widening the market. The main drivers are as follows. Branded shift. Buyers move from unbranded to branded footwear. Premium mix. Higher-priced products lift revenue per pair. Store and online reach. More outlets and online sales widen the base. Together these factors give the companies on this list a visible path for growth over the coming years.

How has Bata India performed financially?

Ans. Revenue rose from Rs 2,444 crore in FY22 to Rs 3,595 crore in FY26, a compound annual growth rate of 10.1%. Net profit grew from Rs 103 crore in FY22 to Rs 134 crore in FY26, which works out to a compound annual growth rate of 6.8%. In the June 2026 quarter, revenue grew 4.0% year on year to Rs 997 crore, while net profit rose 23.0% to Rs 64.0 crore. The company has a return on equity of 10.4%, a debt to equity ratio of 0.87 and a market capitalisation of Rs 8,187 crore. The stock trades at a P/E of 56.0, above the industry P/E of 37.0. Looking ahead, the company is widening its range into sports, casual and premium footwear and adding stores in smaller towns. A trusted brand and deep retail reach support steady demand.

How has Metro Brands performed financially?

Ans. Revenue rose from Rs 1,402 crore in FY22 to Rs 2,968 crore in FY26, a compound annual growth rate of 20.6%. Net profit grew from Rs 213 crore in FY22 to Rs 416 crore in FY26, which works out to a compound annual growth rate of 18.2%. The company has a return on equity of 19.8%, a debt to equity ratio of 0.76 and a market capitalisation of Rs 23,316 crore. The stock trades at a P/E of 55.4, above the industry P/E of 37.0. Looking ahead, the company is opening new stores across cities and adding premium and international brands to its range. An omni-channel presence helps it reach a wider set of shoppers.

How has Redtape performed financially?

Ans. Revenue rose from Rs 303 crore in FY22 to Rs 2,552 crore in FY26, a compound annual growth rate of 70.3%. Net profit grew from Rs 29.0 crore in FY22 to Rs 241 crore in FY26, which works out to a compound annual growth rate of 69.6%. In the June 2026 quarter, revenue grew 4.8% year on year to Rs 496 crore, while net profit rose 15.2% to Rs 44.5 crore. The company has a return on equity of 23.6%, a debt to equity ratio of 0.70 and a market capitalisation of Rs 6,169 crore. The stock trades at a P/E of 25.0, below the industry P/E of 63.4. Looking ahead, growth is driven by store expansion, higher online sales and a broader product range, including apparel and accessories. A shift towards branded footwear in smaller cities widens its customer base.

What risks should investors check before buying footwear retail and shoe brand stocks?

Ans. Investors should check a few risks before buying footwear retail and shoe brand stocks. Seasonality. Footwear demand varies with festivals and weather. Competition. Many brands compete for shoppers. Valuation levels. Some of these companies trade at high earnings multiples, so growth must continue to justify them. Reading the latest results presentation and comparing each company with its peers helps judge how these risks apply to each stock.

Is this list of footwear retail and shoe brand stocks investment advice?

Ans. No. This article is educational and uses publicly available data as of the 22 October 2026 close. Please verify figures on NSE and BSE, read company filings and consult a SEBI registered adviser before investing. Univest is SEBI registered research analyst INH000013776.