3 Value Retail Chain, Branded Apparel Group and Footwear Brand Stocks With a Strong Future Roadmap: Vishal Mega Mart, Arvind Fashions and Redtape

Vishal Mega Mart, Arvind Fashions and Redtape: ROE of 11.4% to 23.6% and FY22 to FY26 revenue CAGR of 14.2% to 70.3%. Prices as of 28 Oct 2026.

Updated: 29 Oct 2026 • 12:37 pm

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The three value retail, branded apparel and footwear to watch are Vishal Mega Mart, Arvind Fashions and Redtape. Their return on equity ranges from 11.4% to 23.6%, and their revenue compound annual growth from FY22 to FY26 ranges from 14.2% 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 28 October 2026 close, and this article is educational, not investment advice.

Value retail, branded apparel and footwear bring together companies with a visible plan for the years ahead. Vishal Mega Mart, Arvind Fashions and Redtape cover a value retail chain, a branded apparel group and a footwear brand.

This list covers three value retail, branded apparel and footwear with complete current figures: Vishal Mega Mart, Arvind Fashions and Redtape. Every figure comes from the latest reported financials and the 28 October 2026 market close. Companies without complete current figures were left out.

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Table of Contents

What Are Value Retail, Branded Apparel and Footwear?

Value retail, branded apparel and footwear are listed companies that run large value retail stores selling apparel and daily goods, own and license fashion brands sold through stores and online and sell casual and formal footwear through exclusive outlets. Their earnings depend on store growth, consumer demand and brand strength.

Value Retail, Branded Apparel and Footwear at a Glance

Company	CMP (Rs)	Market Cap (Rs Cr)	P/E	Industry P/E	ROE (%)	D/E
Vishal Mega Mart	87.95	41,226	45.8	60.2	11.4	0.27
Arvind Fashions	364.9	4,847	26.0	49.5	13.0	1.42
Redtape	105.04	6,169	25.0	63.4	23.6	0.70

On valuation, all three trade at a P/E below their industry P/E, which means the market is pricing them at a lower multiple than their peer group. Readers comparing value retail, branded apparel and footwear should look at return on equity and debt together, since a high return earned with low debt is easier to sustain.

Why Do Value Retail, Branded Apparel and Footwear Have a Strong Roadmap in India?

Value retail, branded apparel and footwear have a strong roadmap in India because rising incomes, growth of organised retail and wider reach into smaller cities keep widening the market for these retail and apparel companies.

Value shopping. Families like a wide choice at fair prices.
Fashion brands. Branded apparel gains with rising incomes.
New stores. Smaller cities add fresh demand.

Why Vishal Mega Mart Features Among These Value Retail, Branded Apparel and Footwear

Among the value retail, branded apparel and footwear on this list, Vishal Mega Mart is a Gurugram-based value retail chain selling apparel, general merchandise and fast moving consumer goods through stores across India.

The company has a return on equity of 11.4%, a debt to equity ratio of 0.27 and a market capitalisation of Rs 41,226 crore. The stock trades at a P/E of 45.8, below the industry P/E of 60.2.

Revenue rose from Rs 5,654 crore in FY22 to Rs 12,993 crore in FY26, a compound annual growth rate of 23.1%. Net profit grew from Rs 203 crore in FY22 to Rs 839 crore in FY26, which works out to a compound annual growth rate of 42.6%.

Roadmap: The company is opening stores in smaller cities and towns and widening its own brand range. Large stores with a wide choice at value prices attract families from many income groups.

What to watch: Track store additions, same store sales and own brand share.

Why Arvind Fashions Features Among These Value Retail, Branded Apparel and Footwear

Among the mass retail and branded fashion shares on this list, Arvind Fashions is a branded apparel and retail company that sells brands such as U.S. Polo Assn., Arrow, Flying Machine and Tommy Hilfiger through stores, department stores and online channels.

Revenue rose from Rs 3,123 crore in FY22 to Rs 5,307 crore in FY26, a compound annual growth rate of 14.2%. Net profit grew from Rs 109 crore in FY23 to Rs 185 crore in FY26, which works out to a compound annual growth rate of 19.2%.

In the June 2026 quarter, revenue grew 14.6% year on year to Rs 1,286 crore, while net profit rose 11.1% to Rs 27.6 crore. The company has a return on equity of 13.0%, a debt to equity ratio of 1.42 and a market capitalisation of Rs 4,847 crore. The stock trades at a P/E of 26.0, below the industry P/E of 49.5.

Roadmap: The company is expanding its exclusive brand stores and growing its online sales while adding new brands, which supports revenue growth. Strong licensed brands with loyal customers help repeat demand.

What to watch: Follow same-store sales, store additions and online growth.

Why Redtape Features Among These Value Retail, Branded Apparel and Footwear

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.

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. 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%. 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.

Vishal Mega Mart vs Arvind Fashions vs Redtape on Key Financials

The table below sets the three value retail, branded apparel and footwear 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
Vishal Mega Mart	5,654	12,993	23.1%	839	6.5%
Arvind Fashions	3,123	5,307	14.2%	185	3.5%
Redtape	303	2,552	70.3%	241	9.4%

Redtape posts the highest return on equity in this group at 23.6%. Vishal Mega Mart has the largest FY26 revenue at Rs 12,993 crore, and Redtape shows the fastest revenue growth with a 70.3% compound annual rate. A useful habit with value retail, branded apparel and footwear is to check each new quarterly result against the capacity plans the company described earlier.

Key Risks to Check Before Investing in Value Retail, Branded Apparel and Footwear

Every theme carries risks that deserve a check before any decision. For these value retail, branded apparel and footwear, the main points are: Long-term mass retail and branded fashion shares holders usually track revenue growth, margins and cash flow side by side rather than relying on a single ratio.

Footfall and spending. Store sales follow consumer mood and seasons.
Raw material costs. Ingredient and packaging prices can move margins.
Competition. Rivals can influence pricing and market share.

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 value retail, branded apparel and footwear by market capitalisation, P/E, ROE and growth, and build your own shortlist.

Final Thoughts on Value Retail, Branded Apparel and Footwear

Value retail, branded apparel and footwear suit investors who prefer to study business strength before price moves. Vishal Mega Mart, Arvind Fashions and Redtape each have a clear plan to grow. Based on the 28 October 2026 close, Vishal Mega Mart trades at Rs 87.95, Arvind Fashions at Rs 364.9 and Redtape at Rs 105.04.

Download the Univest iOS App or Univest Android App to track value retail, branded apparel and footwear, 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 value retail, branded apparel and footwear?

Ans. Value retail, branded apparel and footwear are listed companies that run large value retail stores selling apparel and daily goods, own and license fashion brands sold through stores and online and sell casual and formal footwear through exclusive outlets. Their earnings depend on store growth, consumer demand and brand strength. This list looks at three of them, Vishal Mega Mart, Arvind Fashions and Redtape, using reported FY22 to FY26 financials and the 28 October 2026 closing prices.

Which value retail, branded apparel and footwear are covered in this list?

Ans. This list covers Vishal Mega Mart, Arvind Fashions and Redtape. Based on the 28 October 2026 close, Vishal Mega Mart traded at Rs 87.95, Arvind Fashions at Rs 364.9 and Redtape at Rs 105.04. Their return on equity ranges from 11.4% to 23.6%, and their revenue compound annual growth from FY22 to FY26 ranges from 14.2% to 70.3%.

Why do value retail, branded apparel and footwear have a strong future roadmap in India?

Ans. Value retail, branded apparel and footwear have a strong roadmap in India because rising incomes, growth of organised retail and wider reach into smaller cities keep widening the market for these retail and apparel companies. The main drivers are as follows. Value shopping. Families like a wide choice at fair prices. Fashion brands. Branded apparel gains with rising incomes. New stores. Smaller cities add fresh demand. Together these factors give the companies on this list a visible path for growth over the coming years.

How has Vishal Mega Mart performed financially?

Ans. Revenue rose from Rs 5,654 crore in FY22 to Rs 12,993 crore in FY26, a compound annual growth rate of 23.1%. Net profit grew from Rs 203 crore in FY22 to Rs 839 crore in FY26, which works out to a compound annual growth rate of 42.6%. The company has a return on equity of 11.4%, a debt to equity ratio of 0.27 and a market capitalisation of Rs 41,226 crore. The stock trades at a P/E of 45.8, below the industry P/E of 60.2. Looking ahead, the company is opening stores in smaller cities and towns and widening its own brand range. Large stores with a wide choice at value prices attract families from many income groups.

How has Arvind Fashions performed financially?

Ans. Revenue rose from Rs 3,123 crore in FY22 to Rs 5,307 crore in FY26, a compound annual growth rate of 14.2%. Net profit grew from Rs 109 crore in FY23 to Rs 185 crore in FY26, which works out to a compound annual growth rate of 19.2%. In the June 2026 quarter, revenue grew 14.6% year on year to Rs 1,286 crore, while net profit rose 11.1% to Rs 27.6 crore. The company has a return on equity of 13.0%, a debt to equity ratio of 1.42 and a market capitalisation of Rs 4,847 crore. The stock trades at a P/E of 26.0, below the industry P/E of 49.5. Looking ahead, the company is expanding its exclusive brand stores and growing its online sales while adding new brands, which supports revenue growth. Strong licensed brands with loyal customers help repeat demand.

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 value retail, branded apparel and footwear?

Ans. Investors should check a few risks before buying value retail, branded apparel and footwear. Footfall and spending. Store sales follow consumer mood and seasons. Raw material costs. Ingredient and packaging prices can move margins. Competition. Rivals can influence pricing and market share. 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 value retail, branded apparel and footwear investment advice?

Ans. No. This article is educational and uses publicly available data as of the 28 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.