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90	90	It is expected that the market for footwear will grow on the back of the rise of middle-income group and increase in literacy rate. Further, active participation in the workforce, supported by evergrowing population and urbanization in the country will fuel market growth. Additionally, this evolution has led to a spurt in demand from tier 2 cities and below, opening up newer markets for the footwear industry. Several leading global fashion and lifestyle brands have started betting big on small cities of India. Nearly a third of future consumption in footwear is expected to come from the aspirational consumers in these markets.
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93	93	= Financial Highlights =
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95	95	During the Financial Year 2020-21, the company achieved a turnover of C 2,359.15 crores and profit of C 291.56 crores. Revenue from operations decreased by 2.13% to C 2359.15 Crore from C 2410.48 Crore in the last Financial Year. EBITDA increased by 21.16% to C 495.49 Crore from C 408.95 Crore in last Financial Year. Net profit increased by 28.87% to C 291.56 Crore from C 226.25 Crore in the last Financial Year.