Tag: Liberty Shoes

Indian Footwear stocks DOWN on low sales hope

Indian Footwear stocks DOWN on low sales hope

Footwear stocks rallied Monday on expectation that their valuations would get re-rated after the forthcoming IPO of Khadim India. The Kolkata-based Khadim plans to raise about Rs 600 crore in October. Liberty Shoes BSE 11.42 % gained 20 per cent, Mirza International BSE -0.11 % 8 per cent, and Relaxo BSE 0.15 % Footwear and …

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Liberty Shoes May Hike Prices By Upto 10% To Offset GST

Liberty Shoes May Hike Prices By Upto 10% To Offset GST

New Delhi: Footwear firm Liberty Shoes is looking at raising prices of majority of its products by up to 10 per cent from September to offset higher tax to be levied on footwears costing above Rs. 500 under the GST regime. “For Liberty, there is a potential price increase of 5-10 per cent, particularly for …

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India has the largest footwear market in the world: Adesh Gupta, CEO, Liberty Shoes

India has the largest footwear market in the world: Adesh Gupta, CEO, Liberty Shoes

Liberty Shoes CEO, Adesh Gupta, speaks to ET Now regarding the GST structure for the footwear industry in general and how the sector would change as the market gets more organsied post GST. What is your view on the new GST structure for footwear because most on the Street seem to be lauding rates but in case of your industry, …

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