I may be wrong in my assumptions.
But post covid I observed significant change in village children/teens/adults physical activities.
Earlier we would always have tournaments of cricket/volleyball and other local games etc. and
I am now observing relatively children’s and teens mostly hooked to mobile in villages and is there prime form of entertainment.
With significantly less sports activities in teens/children.
Less damages to footware hence less sales
It’s driving cheaper quality foot ware sales as it’s quality is ok for less rugged use
This may be anecdotal, but I am wearing same Sparx slipper for last 4 years as i am not much active and if i go for any sports I am wearing my shoes.
So in conclusion , I assume growth of every brand mostly catering to village masses footwear segment would suffer.