While Liberty Shoes had a positive outlook on growth and expansion plans for the coming fiscal, however, it is now adopting a “wait and watch” approach in the wake of the Covid-19 pandemic. Footwear purchase, which is more of discretionary spend, could get impacted on the back of poor sentiments particularly when travel plans are getting curtailed and celebrations are getting cancelled.

However, on a positive note, it could be an opportunity for India to reduce its dependence on China in terms of imports and focus on domestic manufacturing. Liberty Shoes plans to establish a firm footing in Tier-II and III towns of northern and central India, where it is among the dominant players. The company aims to add 50-100 stores every year, primarily in the Tier-II and III towns.

The company has been witnessing good growth from comfort footwear segment under its brand Healers as people are becoming increasingly conscious of the need for comfortable footwear. It is also witnessing good growth in the sports category and the kids segment.