Like most footwear manufacturers, the last two years have been tough on business due to Covid and the subsequent lockdowns. Still, we managed to post a 2 per cent growth with revenues of Rs 1,570 crore in FY21 and we will be aiming to close FY22 with around Rs 1,900 crore revenue.
Despite the rising raw material prices and supply crunch over the past two years, we are seeing positive sentiments from the demand side with the opening up of markets and economic activities. Brands with organised supply chain and strong distribution network have been able to tide over the difficult times. However, the new GST hike on mass footwear from 5 per cent to 12 per cent is having a visible impact on the industry and can slow down this growth.
In terms of geography, which region offers maximum growth for Walkaroo? What do you make of the overall size of the market, the sub-categories, and the growth within them?
Bu hikaye Businessworld dergisinin 9 April 2022 sayısından alınmıştır.
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Bu hikaye Businessworld dergisinin 9 April 2022 sayısından alınmıştır.
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