.3x FY18e EPS of Rs 19.71 and 16.2x FY19e EPS of Rs 22.20. Artificial leather is majorly replacing pure leather in the fields of automobile, footwear, and furnishing, furnishing due to lower cost. Per capita footwear consumption in India is expected to increase up to four pairs (~1.5 now) , while domestic footwear consumption is expected to...