* 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
BACKGROUND
Company Overview
Metro Brands Ltd (MBL) is one of the largest Indian footwear specialty retailers, having brands that are among the aspirational Indian brands in the footwear category. As of September 30, 2021, the Company operated 598 Stores across 136 cities spread across 30 states and union territories in India. MBL retail footwear under its own brands of Metro, Mochi, Walkway, Da Vinchi and J. Fontini, as well as certain third-party brands such as Crocs, Skechers, Clarks,...
IPO Note - Metro Brands Ltd By Nirmal Bang
Metro Brands Limited (MBL) was incorporated on January 19, 1977. Metro Brands is one of the largest Indian footwear speciality retailers, and is among the aspirational Indian brands in the footwear category. Metro Brands retail footwear under their own brands of Metro, Mochi, Walkway, Da Vinchi and J. Fontini, as well as certain third-party brands such as Crocs, Skechers, Clarks, Florsheim, and Fitflop, which complement their in-house brands. As of September 30, 2021, Metro Brands operated 59...
IPO Note - Metro Brands Limited By Angel One
