Puma India reported an annual revenue of about 30 billion Indian rupees in the financial year 2023. The company's revenue more than doubled in comparison to the fiscal year 2021. The German sportswear brand had the highest overall sales than the combined sales of its competitors Nike, Adidas, and Reebok.
Footwear market in India
The Indian footwear sector had a market size of 15 billion U.S. dollars in 2022, and it is anticipated to double in the coming years. During 2021, men's footwear dominated the market, followed by women's, with kids' shoes holding a smaller share. However, a shift towards a more balanced market share distribution between men's and women's footwear is expected.
Global outlook
Casting a global footprint, India's footwear industry expanded its global presence in 2023. Notably, France emerged as a prominent destination, with an export value surpassing 34 million U.S. dollars. The United States and Germany also stood out, underlining India's international reach. Nonetheless, there is a marked discrepancy, as India's footwear imports substantially outweigh its exports, underscoring a trade imbalance within the industry.
Revenue of Puma India from financial year 2021 to 2023
(in billion Indian rupees)
Characteristic
Revenue in billion Indian rupees
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The Economic Times. (December 26, 2023). Revenue of Puma India from financial year 2021 to 2023 (in billion Indian rupees) [Graph]. In Statista. Retrieved August 24, 2024, from https://www.statista.com/statistics/1406321/puma-india-revenue/
The Economic Times. "Revenue of Puma India from financial year 2021 to 2023 (in billion Indian rupees)." Chart. December 26, 2023. Statista. Accessed August 24, 2024. https://www.statista.com/statistics/1406321/puma-india-revenue/
The Economic Times. (2023). Revenue of Puma India from financial year 2021 to 2023 (in billion Indian rupees). Statista. Statista Inc.. Accessed: August 24, 2024. https://www.statista.com/statistics/1406321/puma-india-revenue/
The Economic Times. "Revenue of Puma India from Financial Year 2021 to 2023 (in Billion Indian Rupees)." Statista, Statista Inc., 26 Dec 2023, https://www.statista.com/statistics/1406321/puma-india-revenue/
The Economic Times, Revenue of Puma India from financial year 2021 to 2023 (in billion Indian rupees) Statista, https://www.statista.com/statistics/1406321/puma-india-revenue/ (last visited August 24, 2024)
Revenue of Puma India from financial year 2021 to 2023 (in billion Indian rupees) [Graph], The Economic Times, December 26, 2023. [Online]. Available: https://www.statista.com/statistics/1406321/puma-india-revenue/