Liberty Shoes Franchise Cost in India: ₹30–40 Lakh, and a Trademark Licence That Ends in March 2028

Liberty Shoes says a franchise showroom needs around ₹30–40 lakh to set up, including the facilities and the opening working capital, with an agreement of 2 years. The brand does not publish a royalty, a margin or a franchise fee, and it says the figure moves with store size and whether you rent or own the premises. The number is the starting point. The more unusual part of the Liberty story is in the company's annual report, and it concerns the name on the signboard.

What Liberty publishes on its own franchise page

Liberty's franchise FAQ is short, but it does commit to a few specifics. We checked it against the live page and recorded it on the Liberty Shoes listing.

Item	What Liberty says
Set-up cost	Around ₹30–40 lakh, including facility set-up and initial working capital
Company-provided facilities	Minimum ₹8,333 a month (signage, visual merchandising, uniform, aroma, music, training, IT support)
Agreement	2 years initially, renewal by mutual agreement
Unsold stock	Company takes back all unsold stock
GST and discounts	Borne by the company
Rent	Company does not share rental cost
Margins	Not stated

The ₹8,333 is a minimum monthly charge, which works out to roughly ₹1 lakh a year. Liberty does not say whether GST is added on top.

Two lines deserve a careful read. The FAQ says the "entire investment is done by company" and also quotes a ₹30–40 lakh set-up cost, and it never explains how the two fit together. If you are the one writing the cheque, get that reconciled in writing before you sign.

The 454 outlets and the 475 claim are different counts

Liberty's franchise page claims 450+ exclusive showrooms across 25 countries. Its FY26 annual report says the exclusive retail network, spread across company-owned, franchised and distribution-led stores, is "beyond 475-plus". Its own store locator on 25 October 2026 listed 454 outlets: 416 exclusive showrooms and 38 factory outlets. None of these splits franchised stores from company-owned ones, so you cannot tell from public figures how many peers run the same model you would be buying.

What the FY26 filing shows about the company behind it

Liberty Shoes Ltd is listed on the NSE and BSE, so its numbers are audited and public. For the year to 31 March 2026, revenue from operations rose about 9.5% to ₹739.99 crore, while net profit fell about 17.5% to ₹11.19 crore, from ₹13.56 crore the year before (audited results filed with the NSE). These are whole-company figures, including wholesale. They say nothing about what a single franchise showroom earns.

The trademark licence that runs out in March 2028

This is the part most franchise write-ups skip. The FY26 annual report says the LIBERTY trademark is owned not by the listed company but by Liberty Footwear Co, a partnership firm in which some directors are partners. The company holds an exclusive licence and paid ₹1,794.50 lakh in licence fees in FY26. It also pays franchise fees of ₹750 lakh and ₹115 lakh to two other partnership firms. All three arrangements are described as valid until 31 March 2028.

The auditors flagged the expiry in an emphasis-of-matter paragraph, while stating that their opinion is not modified.

According to the annual report, partners in the three firms sent termination notices in 2023. The company went to court, and got a status quo order, then won appointment of arbitrators. In the matter with Liberty Group Marketing Division, an award in the company's favour confirms the arrangement to March 2028. The arbitration with Liberty Footwear Co, the trademark owner, was still pending when the accounts were signed. Management says it is hopeful of continuing beyond 2028 and is also pursuing an alternative strategy towards self-sufficiency. The board met on 26 May 2026, noted its concern and asked management to speed up resolution of the pending arbitration, so this is a live issue and not a footnote. We are not predicting an outcome. In our view, though, a 2-year franchise agreement signed now sits inside that window, and any renewal would fall near or after the expiry date, so ask what happens to your showroom and your stock if the licence situation changes. Those are questions for the company, answered in writing.

Ask before you pay.

What to ask before you commit

• What exactly does "entire investment is done by company" cover, and how does it sit with ₹30–40 lakh?
• What is the margin on each product category, and who pays for markdowns?
• Is GST added to the ₹8,333 monthly facilities charge?
• What happens to a franchise agreement if the brand licence changes after March 2028?

Frequently asked questions

How much does a Liberty Shoes franchise cost?

Liberty's FAQ says around ₹30–40 lakh including set-up and initial working capital, plus a minimum ₹8,333 monthly facilities charge. It does not publish a separate franchise fee.

Does Liberty take back unsold stock?

Its FAQ says the company takes back all unsold stock. The terms of that, such as timelines or conditions, are not published.

Is Liberty Shoes a listed company?

Yes. It trades on the NSE as LIBERTSHOE and on the BSE as 526596, so its results and annual report are public.