Metro Brands soars on entering into strategic partnership with Clarks
Metro Brands is currently trading at Rs. 1169.30, up by 20.10 points or 1.75% from its previous closing of Rs. 1149.20 on the BSE.
The scrip opened at Rs. 1172.05 and has touched a high and low of Rs. 1215.60 and Rs. 1158.70 respectively. So far 10392 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 1430.10 on 09-Aug-2024 and a 52 week low of Rs. 890.30 on 27-Mar-2025.
Last one week high and low of the scrip stood at Rs. 1217.00 and Rs. 1126.35 respectively. The current market cap of the company is Rs. 31676.33 crore.
The promoters holding in the company stood at 71.88%, while Institutions and Non-Institutions held 10.82% and 17.31% respectively.
Metro Brands and Clarks have entered into strategic partnership. This exclusive partnership marks Clarks’ official comeback to the Indian market, with Metro Brands chosen as the trusted partner to lead the brand’s new chapter in the country. Together, Clarks and Metro Brands aim to redefine the comfort footwear experience in India, blending timeless design with the evolving preferences of today's discerning Indian consumer.
Under the terms of a long-term distribution agreement, Metro Brands is appointed as Clarks exclusive Retail and Digital Partner for India & neighboring countries including Bangladesh, Bhutan, Nepal, Maldives and Sri Lanka. Metro Brands will manage Clarks’ e-commerce operations in India, the official Clarks India website and all digital commerce platforms, and has exclusive right to sell Clarks in all offline channels including Clarks mono-branded stores. Metro Brands recently marked the momentous occasion of launching its 900th store in India. Within the Metro Brands family, an array of brands, including iconic Indian labels like Metro Shoes, Mochi and popular international choices like Crocs, FitFlop, Fila & Footlocker have prospered.
Metro Brands is one of the largest Indian footwear speciality retailers and is amongst the aspirational Indian brands in the footwear category.
