Can this veteran shoe retailer win the sports and athleisure race?

India's growing aspiration for fit and healthier lifestyles is strengthening its fitness industry and driving demand for sports and athleisure products, including footwear, apparel, and accessories. Notably, this segment grew the fastest (in terms of usage) against casual and formal segments between FY15 and FY20, according to a report by consulting firm Technopak. The sports footwear category has been the prime beneficiary of this trend, witnessing intense competition with the presence of many global and local players. Comparison with peers Metro beats its peers comfortably on every factor Company name Revenue (5Y per annum growth) Operating profits (5Y per annum growth) Profit after tax (5Y per annum growth) 5Y median operating profits margins (%) 5Y median ROCE Metro Brands 15 19 21 19 34 Bata India 6 11 8 13 31 Relaxo Footwears 7 -3 -1 12 25 Khadim India -2 -10 -14 4 10 Liberty Shoes 4 1 14