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Result Synopsis Bata India Ltd (BATA) reported another muted quarter on the back of sluggish demand environment & subdued consumption. Consequently, topline stood at Rs8.37Bn (largely in-line with est), a marginal growth of 2%YoY (2-Year CAGR remained flat). Gross margins declined by 143bps YoY & improved by 176bps sequentially to 56.6% & similarly EBITDA margins declined by 133bps YoY & expanded by 127bps QoQ to 20.9% (above est of 20%). Hence, Absolute EBITDA stood at Rs1...

Neutral Bata India Ltd For Target Rs. 1,388 by Yes Securities Ltd

Source: Yes Securities Ltd
2024-11-19 04:29:07 pm

Add Campus Activewear Ltd For Target Rs. 354 by Yes Securities Ltd

Result Synopsis Campus Activewear Ltd (CAMPUS) registered a topline growth of 29%YoY (low base) & decline of 2%QoQ, wherein volumes grew by 36%YoY (low base) & declined by 7%QoQ to 5.36Mn pairs (2 year CAGR stood at -1%). ASP decreased by 5.5%YoY to Rs622/pair in Q2FY25 owing to liquidation of non-BIS inventory by the company resulting in a decline of GPM by 50bps. Margins reduced further by 50bps due to trade promotion & schemes offered to retailers during the meet. Higher adv...

Add Campus Activewear Ltd For Target Rs. 354 by Yes Securities Ltd

Add Campus Activewear Ltd For Target Rs. 354 by Yes Securities Ltd

Source: Yes Securities Ltd
2024-11-19 10:31:03 am

Buy Metro Brands Ltd For Target Rs. 1,380 - Motilal Oswal Financial Services

Soft earnings; recovery likely in FY25 * Metro Brands (METRO) reported weak revenue growth of 6% YoY (12% miss) as same-store sales declined 10% due to a high base last year (Covid) and a soft demand and pricing environment. A higher growth contribution of INR3000+ ASP products boosted gross margins, which resulted in adj. EBITDA margin/PAT margin of 33.6%/18% (in line). * In the near term, we believe that the risk of soft demand, potential losses in Fila, and a moderation in margins c...

Buy Metro Brands Ltd For Target Rs. 1,380 - Motilal Oswal Financial Services

Buy Metro Brands Ltd For Target Rs. 1,380 - Motilal Oswal Financial Services

Source: motilal oswal financial services Ltd
2024-05-01 11:15:38 am

Buy Metro Brands Ltd For Target Rs.1,500- Motilal Oswal Financial Services Ltd

Foot Locker - A sneaker opportunity Metro Brands (METRO) announced an exclusive offline partnership with Foot Locker (FL), which should provide METRO another leg to generate INR10-15b revenue in the next 3-5 years. With internal accruals, METRO has an opportunity to leverage the premium FL brand with ASP of INR5,000+. Deal contours METRO is granted exclusive rights to own and operate FL stores in India, while Nykaa will serve as the exclusive e-commerce partner and operate FL's I...

Buy Metro Brands Ltd For Target Rs.1,500- Motilal Oswal Financial Services Ltd

Buy Metro Brands Ltd For Target Rs.1,500- Motilal Oswal Financial Services Ltd

Source: Motilal Oswal Financial Services Ltd
2023-12-25 11:02:34 am

Buy Campus Activewear Limited For Target Rs.310 - JM Financial Institutional Securities

Weak quarter, positive outlook Campus Activewear’s 2QFY24 earnings print was disappointing – function of sharp volume decline of c.28% yoy during the quarter. Management attributed the weakness to a) tough demand condition in value segment & pro-active inventory correction undertaken especially in key Northern markets, b) decline in e-commerce sales due to loss of B2B businesses (exit of Udaan/Ajio) and c) shift in festive period. However, management highlighted that invent...

Buy Campus Activewear Limited For Target Rs.310 - JM Financial Institutional Securities

Buy Campus Activewear Limited For Target Rs.310 - JM Financial Institutional Securities

Source: JM Financial Institutional Securities Ltd
2023-12-12 04:24:31 pm

Mirza International is currently trading at Rs. 47.96, up by 0.18 points or 0.38% from its previous closing of Rs. 47.78 on the BSE. The scrip opened at Rs. 48.74 and has touched a high and low of Rs. 48.75 and Rs. 47.80 respectively. So far 108622 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 295.15 on 09-Dec-2022 and a 52 week low of Rs. 30.02 on 06-Apr-2023. Last one week high and low of the scrip stood at ...

Mirza International rises on launching new brand `Thomas Crick`

Source: Accord Fintech
2023-12-11 03:29:40 pm

Neutral Relaxo Footwears Ltd For Target Rs.825 - Motilal Oswal Financial Services Ltd

Revenue soft; moderation in RM costs doubles PAT * Relaxo Footwears (Relaxo) posted a soft 7% YoY revenue growth (in line), but improvement in gross margin (GM) translated into 54%/2x YoY surge in EBITDA/PAT (5%/14% beat) in 2QFY24. Price cuts taken in the last couple of quarters improved its competitive edge and drove healthy volume growth (+23% YoY); while moderating RM prices supported its margins. * Price reduction, clearing of old high-price inventories, moderating RM prices, and r...

Neutral Relaxo Footwears Ltd For Target Rs.825 - Motilal Oswal Financial Services Ltd

Neutral Relaxo Footwears Ltd For Target Rs.825 - Motilal Oswal Financial Services Ltd

Source: Motilal Oswal Financial Services Ltd
2023-12-04 01:09:33 pm

Foot Locker to step into India, inks deals with Metro Brands, Nykaa

Foot Locker will enter the Indian market in 2024 in partnership with local peer Metro Brands and cosmetics-to-fashion retailer Nykaa, the U.S.-based athleisure chain said on Wednesday, giving it a much wider global footprint. Metro Brands, which has over 700 stores across India, will exclusively own and operate Foot Locker stores in the country and focus on selling shoes from brands such as Nike and Adidas. Nykaa Fashion, owned by FSN E-Commerce Ventures, will operate Foot Locker's ...

Foot Locker to step into India, inks deals with Metro Brands, Nykaa

Foot Locker to step into India, inks deals with Metro Brands, Nykaa

Source: Reuters
2023-11-30 09:48:04 am

Redtape rises as its arm incorporates subsidiary company

Redtape is currently trading at Rs. 471.00, up by 4.85 points or 1.04% from its previous closing of Rs. 466.15 on the BSE. The scrip opened at Rs. 470.00 and has touched a high and low of Rs. 474.90 and Rs. 467.45 respectively. So far 4587 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 574.90 on 17-Oct-2023 and a 52 week low of Rs. 410.55 on 07-Sep-2023. Last one week high and low of the scrip stood at Rs. 489....

Redtape rises as its arm incorporates subsidiary company

Redtape rises as its arm incorporates subsidiary company

Source: Accord Fintech
2023-11-17 11:05:49 am

Lehar Footwears rises on forming wholly owned subsidiary

Lehar Footwears is currently trading at Rs. 158.45, up by 1.55 points or 0.99% from its previous closing of Rs. 156.90 on the BSE. The scrip opened at Rs. 154.25 and has touched a high and low of Rs. 158.95 and Rs. 154.25 respectively. So far 8718 shares were traded on the counter. The BSE group 'X' stock of face value Rs. 10 has touched a 52 week high of Rs. 179.00 on 31-Aug-2023 and a 52 week low of Rs. 70.00 on 29-Mar-2023. Last one week high and low of the scrip stood at ...

Lehar Footwears rises on forming wholly owned subsidiary

Lehar Footwears rises on forming wholly owned subsidiary

Source: Accord Fintech
2023-11-10 03:19:10 pm

Footwear maker Bata India`s profit slides 38% on one-time charge

Bata India reported a 38% fall in second-quarter profit on Wednesday, hurt by a one-time charge and as inflationary pressures kept footfalls at its shoe outlets in check. The footwear maker said its consolidated profit fell to 339.9 million rupees ($4.1 million) in the July-September quarter, from 548.2 million rupees in the year-ago quarter. The latest quarter's results included a 409 million rupees charge related to a voluntary retirement scheme at one of its manufacturing units. ...

Footwear maker Bata India`s profit slides 38% on one-time charge

Footwear maker Bata India`s profit slides 38% on one-time charge

Source: Reuters
2023-11-09 09:39:41 am

Footwear industry likely to register moderate growth of 7-8% in FY24: ICRA

Icra in its report has said that the footwear industry is likely to register a moderate growth of 7-8 per cent in the current fiscal (FY24) against 28 per cent in FY23. The industry witnessed a muted revenue growth in the first half of FY24, mainly on account of factors like sluggish volume growth and no significant increase in average selling price.?It stated the mass segment faces headwinds, and demand is unlikely to improve significantly in the near term, though sales recovery during the f...

Footwear industry likely to register moderate growth of 7-8% in FY24: ICRA

Footwear industry likely to register moderate growth of 7-8% in FY24: ICRA

Source: Accorda Fintech
2023-10-06 10:14:18 am