Jim Cramer, the CNBC Mad Money host, weighed in on this Swiss sneaker maker that's backed by tennis legend Roger Federer.

What Happened: According to Cramer, On Holding AG (NYSE:ONON), launched in 2010, is the "fastest growing sneaker company in the world."

He said this on the heels of On Holding's impressive financial performance, as the company recently announced a 78 percent sales growth in Q1, exceeding consensus estimates, reported CNBC.

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Cramer pointed out that it "seems like every other person is wearing these On sneakers," and highlighted the brand's remarkable penetration into the American market. The company experienced a phenomenal "91% growth in the Americas," Cramer said, adding, "Hard to beat."

Cramer made these comments while advising young investors to explore "junior" growth stocks, which refer to young, fast-growing companies that come with higher risk potential but offer the possibility of high returns.

Two of Cramer's other top picks include energy drink maker Celsius Holdings Inc. (NASDAQ:CELH), which he said "could be the next Monster Beverage," and coffee chain Dutch Bros Inc. (NYSE:BROS), calling it "My kind of elixir."

That apart, Federer's endorsement and involvement with On Holding seems to have played a part in the brand's rise, amplifying its visibility and credibility, and expanding its customer base to a wider audience.

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Photo by Aw1805 on Wikimedia Commons