Footwear brand Walkaroo expects 25 percent growth in FY 2022
Homegrown footwear brand Walkaroo is expecting a 25 percent growth in the current financial year, as against last year’s revenue despite the Covid-19 disruptions.
In the last financial year, Walkaroo had clocked revenue of Rs 1,200 ($161 million) and expects to surpass that figure amid high demand for footwear coupled with the sharp decline in Chinese imports.
“We are expecting to close FY22 with a 25 per cent growth from our last year’s revenue. April and May are good seasons for the footwear business, but last year there was no sale during these months. But as the government has indicated, there will be no complete lockdown this year, so we expect things to be better in the second half and are confident of meeting our revenue target,” V Noushad managing director at Walkaroo International told BusinessLine.
“Earlier, the domestic market was swamped by Chinese footwear, but it has reduced. It gives a good opportunity to Indian footwear manufacturers, especially those who produce kids, sports and knitted shoes,” he added.
Walkaroo is part of Kerala-based VKC Group, one of the largest footwear manufacturers in India. The brand has exclusive outlets and also sells through distributors and retailers across the country.
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