Metro Brands

Metro's quarterly revenue grew about 11% to 6.51 billion rupees, helped by e-commerce sales that have grown 39% from a year ago

HDFC Securities, in a note dated September 30, maintained its 'Sell' recommendation, due to expensive valuations at 55x estimated September 2027 P/E.

Channel checks indicated that July-August demand remained steady, in line with H2FY25 run-rate, but September saw moderation as consumers deferred purchases ahead of the GST decision

Tax tweaks and fresh launches give footwear major a leg up on rivals

A shoo-in to lead the pack, its premium push and store rollout leave value players dragging their heels

Metro Brands shares rose 6 per cent on Tuesday after it announced a strategic partnership with the British footwear brand, Clarks

At the current market price, Metro Brands' dividend yield stands at 0.51 per cent

Thin-soled growth: Relaxo struggles to stay on its feet as footwear stocks lose their stride

High-end and premium brands are making a big geographical pivot from metros to smaller towns in India, according to a Tata CLiQ Luxury compilation that reviews India's evolving luxury landscape. It also found that luxury buyers - led by a woke Gen Z - are increasingly conscious of responsible consumption with an eye on sustainability quotient. Fuelled by the purchasing power of mature millennials and the rising Gen-Z demographic, the digital economy is reshaping consumption patterns and values, thus transforming how, when, and why consumers connect with brands and businesses, said Tata CLiQ Luxury's latest compilation - Thinking Beyond the Cart: Elevating Luxury E-commerce,' that deep dives into the luxury trends in 2025 and beyond. Listing out the broad trends, it noted that high-end and premium brands are making a big geographical pivot from metros to smaller-town India and that the new luxury consumer is educated, and well-wired. A growing quest for behind-the-scenes intel has m

As per the filing, during this quarter, the company expanded its retail footprint with the launch of its first Foot Locker store and the first kiosk for New Era

Each transaction involved a substantial stamp duty of Rs 4.05 crore, highlighting the significant financial commitment made by the promoters.

Revenue from operations rose 5 per cent to Rs 585 crore, while expenses rose 7.9 per cent to Rs 515 crore

In an exchange filing Metro Brands said this partnership will expand the retail presence of New Era in India and deepen the company's retail expansion in the athleisure market.

The company added 30 new stores during the April-June quarter, it said in its investor presentation after announcing its results on Friday

Since April 2024, Metro Brands has been trading within a consolidation range of approximately Rs 1,020 to Rs 1,120

At 6:53 AM, GIFT Nifty futures were trading down 13 points at 22,644.50 against Nifty futures

Rekha Jhunjhunwala, wife of late ace investor Rakesh Jhunjhunwala, held a 4.8-per cent stake in Metro Brands at the end of December 2023

Footwear retail chain Metro Brands on Thursday reported a 12.57 per cent decline in consolidated net profit to Rs 98.78 crore for the third quarter ended December 2023. The company had posted a net profit of Rs 112.99 crore during the October-December period a year ago, according to a regulatory filing from Metro Brands Ltd (MBL). However, its revenue from operations increased 6.14 per cent to Rs 635.50 crore during the quarter under review against Rs 598.71 crore in the year-ago period. MBL's total expenses rose 11.77 per cent to Rs 515.53 crore in the December quarter. In a separate filing, MBL said its board in a meeting held on Thursday declared an interim dividend at Rs 2.75 per equity share on the face value of the paid-up equity shares of Rs 5 each for the FY 2023-24. Shares of Metro Brands on Thursday settled at Rs 1,202 on the BSE, down 1.98 per cent from the previous close.

Shares of Metro Brands surged 9 per cent to hit a new high of Rs 1,440.45, while Nykaa gained 3.5 per cent to Rs 178.20 on the BSE in intra-day trade today

Stocks to watch on Thursday, November 30, 2023: Debutants Tata Technologies, Gandhar Oil Refinery and Fedbank Financial Services likely to hog the limelight in trades today.