* Metro reported significant revenue growth of 35% YoY in 4QFY23, supported by store additions, a strong SSSG, and the impact of the Omicron base effect. However, the high opex resulting from aggressive store expansions and marketing costs, along with a net loss of INR 140m in Fila, contributed to a 2% YoY decline in PAT. Adjusted for Fila loss, PAT grew 19% YoY.
* In the near term, we see risk of growth moderation, potential losses in Fila, which could lead to a moderation in margins. Thi...
Buy Metro Brands Ltd For Target Rs.1070 - Motilal Oswal Financial Services Ltd
Metro Brands Ltd, which sells Crocs clogs in India, is hiring between 1,500 and 2,000 workers in the country to staff the new footwear stores it plans to open by the end of 2025, its chief executive told Reuters.
The company, which had 720 stores as of end-2022 and nearly 4,000 employees overall, said last March it would add 260 new stores that sells brands such as Mochi, Walkaway and Metro, to expand in cities where it is already present and enter smaller towns.
"To support the ex...
Indian footwear retailer Metro hiring up to 2,000 store workers-CEO
