On firm footing this year, says Walkaroo
Chennai |
Updated on
V Noushad, MD, Walkaroo International×
Expects to sustain its revenue growth in the current fiscal
Narayanan V
Homegrown footwear brand Walkaroo seems to be on firm footing. The company, which clocked a revenue of ₹1,200 crore in FY21, expects to sustain its revenue growth in the current fiscal amid pent-up demand for footwear, coupled with the sharp decline in Chinese imports.
“We are expecting to close FY22 with a 25 per cent growth from our last year’s revenue,” V Noushad, MD, Walkaroo International, told
BusinessLine.
“April and May are good seasons for the footwear business, but last year there was no sale during these months. But as the government has indicated, there will be no complete lockdown this year, so we expect things to be better in the second half and are confident of meeting our revenue target,” he added.