Consumption Theme Sparks Rally: Can Footwear Sustain the Momentum?

On August 18, 2025, footwear stocks witnessed sharp gains amid overall market strength. Campus Activewear surged up to 8.9% intraday before closing 4.34% higher, while Relaxo Footwears rallied as much as 13.8% intraday and ended the session with gains of 7.94%. It is important to note that the GST framework for footwear remains unchanged. Products priced below ₹1,000 continue to be taxed at 5%, while those above ₹1,000 remain under the 18% slab. Despite today’s rally, the broader trend still reflects weakness.

has corrected nearly 73% from its peak, and even after the latest surge, the stock has not regained its COVID-19 lows of March 2020. , meanwhile, trades nearly 59% below its all-time high and around 10% below its issue price, while remaining under its 50, 100, and 200-day moving averages. I personally believe today’s rally was largely driven by broader market momentum, not stock-specific strength. Disclaimer: This document is prepared by SEBI RRA (Reg. No. INH000016649), solely for informational purposes. It does not constitute investment advice, trading recommendations, or an offer to buy/sell any securities. Information is based on sources deemed reliable but is not guaranteed for accuracy or completeness. No warranty, express or implied, is provided. Portions of this content may have been reviewed or refined using AI tools to enhance grammatical accuracy and sentence structure. Past performance is not indicative of future results. Investments are subject to market risks. Investors should consult a qualified financial advisor before making decisions. SEBI registration and NISM certification do not assure performance or returns. Any securities mentioned, if any, are purely illustrative and not recommendations.