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Below View on Footwear Industry from S Ranganathan, Head of Research at LKP Securities.

"Indian Footwear Industry is witnessing a very unique characteristic wherein emerging players with new ideas are beginning to challenge the might of sector leaders - Bata & Relaxo. While rising input costs and inflationary pressures are a headwind, emerging fashion trends and tie-ups with foreign brands have provided structural tailwinds to emerging players. Our Thesis played out well in Metro Brands over the last couple of months and we expect the Value Proposition with fashionable trends to positively rub off on smaller players like Khadims as the Indian Footwear Industry has the potential to grow @15% annually. Opportunities are also emerging in Asia Pacific countries"

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