Yes, the product is described as a foot balm for dry, rough skin that also helps reduce unwanted foot odour. It is not just a moisturiser: the formula combines urea and sweet almond oil to soften the skin, while menthol and peppermint provide a light cooling effect and a cleaner feeling on application. The orange scent adds a brighter finish, so the balm is meant to leave feet feeling fresher rather than simply masking odour with a heavy perfume.
That said, it is not an antiperspirant. It will not stop your feet from sweating. Foot odour often comes from sweat and the conditions inside shoes, so the balm works best as part of a routine: wash and dry your feet thoroughly, apply the balm to clean skin, and wear socks and shoes that allow some air circulation. If heavy sweating is the main problem, you may need a separate antiperspirant product or different footwear, because a balm alone cannot control moisture production.
The cooling effect of menthol can be especially pleasant after a long day of standing or walking. If you are sensitive to menthol or fragrance, check how your skin reacts before using it regularly.