Metro Brands Ltd

(METROBRAND)

Metro Brands Faces Challenges Amid Share Decline - 20 Nov, 2024

Metro Brands Ltd shares dropped 13% due to transitional challenges, with gross margins affected by FILA's inventory liquidation. The company plans to open 100 new stores in FY25, but Q4FY25 will be crucial for performance. Analysts suggest a target price of Rs 1,175.

Metro Shoes Celebrates Modern Masculinity in New Campaign - 05 Nov, 2024

Metro Shoes launches a campaign celebrating modern masculinity, showcasing men breaking cultural barriers in everyday moments. Alisha Malik emphasizes the brand's role in guiding customers toward new territories.

Metro Brands Reports Stake Sale and Growth Prospects - 29 Oct, 2024

In September 2024, Metro Brands' promoters sold a 2.19% stake for Rs 7.4 billion, reducing their shareholding to 71.9%. The company reported an 11.3% income increase to Rs 24.2 billion and a net profit growth of 13.7% to Rs 4.1 billion in FY24. Metro plans to open 225 stores in the next two years, leveraging its partnership with Foot Locker to enhance its market position in the expanding athleisure segment.

Metro Brands Faces Challenges Amid Growth Prospects - 28 Oct, 2024

Metro Brands reported subdued growth in Q2 FY25, with EPS estimates cut due to weak demand and margin pressures. However, strong growth is anticipated in H2 FY25, supported by upcoming festive seasons and store expansion plans.

Metro Brands Maintains Buy Rating with Growth Outlook - 27 Oct, 2024

Metro Brands' revenue grew 5% YoY, with management expecting a 10-15% revenue growth in 2H FY25. Despite a weaker 1H, a BUY rating is reiterated with a target price of INR 1,465, reflecting a 26% upside.

Metro Brands CEO Optimistic About Future Growth - 25 Oct, 2024

Metro Brands' CEO expresses confidence in achieving a 15-18% CAGR over five years, citing improved Q2 performance despite revenue challenges and successful sales of Crocs.

Metro Brands Q2 Results Miss Estimates, Shares Drop - 24 Oct, 2024

Metro Brands reported a consolidated net profit of ₹69.55 crore for Q2, a 4% increase year-on-year, but fell short of expectations. Revenue rose 5% to ₹585 crore, while expenses increased by 7.9%, impacting profitability. Shares dropped nearly 2% following the announcement, marking the fourth consecutive quarter of sub-10% revenue growth.

Metro Brands Q2 Results Miss Estimates Amid Higher Expenses - 23 Oct, 2024

Metro Brands reported a 4% increase in Q2 net profit to Rs 69.55 crore but missed analyst expectations. Revenue rose 5%, while expenses increased 7.9%. The company anticipates demand recovery in the second half of the financial year due to festive spending.