Walkaroo International is building a new manufacturing facility in Rajasthan

26 Sep 2022 , 07:11 AM

According to news reports, well-known footwear company Walkaroo International Ltd. is investing Rs70 crore in the construction of a new greenfield manufacturing plant in Rajasthan as part of its strategy to expand into the northern market.

Rajesh Kurian, director of Walkaroo International Ltd, stated on Sunday that the company anticipates a top line of Rs2,100 crore for the current fiscal year, with two-thirds of income coming from the southern area.

He claims that through its 750 distributors, the Coimbatore-based business connects with 1.5 lakh retail outlets.

“We are at the bottom of the market’s pyramid with a market share of just over 5% in the footwear sector. Synthetic polyurethane is what we produce. We will manufacture rubber hawai (slippers) in our new factory in Rajasthan for markets in Bihar and Uttar Pradesh “he said to PTI.

In response to a question, he stated that the new facility will get investments totalling Rs70 crore and that the company anticipates using the unit to provide 600—700 new employment opportunities to Rajasthan.

Regarding the group’s financials, he stated that the company brought in Rs1,850 crore in revenue last year and has set a target of Rs2,100 crore this year.

According to Kurian, the company and other organized players in the market were “well-stocked” to meet the demand for the impending celebration as the increase in prices started to decline during the past three months.

According to him, the domestic organized footwear business is worth between Rs55,000 and Rs60,000 crore.

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