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Metro Brands gains on entering into Distribution Agreement with New Era Metro Brands is currently trading at Rs. 1310.15, up by 4.15 points or 0.32% from its previous closing of Rs. 1306.00 on the BSE. The scrip opened at Rs. 1306.20 and has touched a high and low of Rs. 1361.25 and Rs. 1306.00 respectively. So far 1272 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 1440.45 on 30-Nov-2023 and a 52 week low of Rs. 992.65 on 04-Jun-2024. Last one week high and low of the scrip stood ...
Metro Brands gains on entering into Distribution Agreement with New Era
Metro Brands gains on entering into Distribution Agreement with New Era
Source: Accord Fintech
2024-08-07 10:43:24 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.1,380 By Motilal Oswal Financial Services Ltd 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 i...
Buy Metro Brands Ltd. For Target Rs.1,380 By Motilal Oswal Financial Services Ltd
Buy Metro Brands Ltd. For Target Rs.1,380 By Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services Ltd
2024-03-25 09:52:39 am
Buy Metro Brands Ltd For Target Rs.1,530- Motilal Oswal Financial Services Ltd Adding feet’s to the marathon Fila and Foot Locker to add next leg of growth Strong execution The discretionary category has seen weak demand trends in the last few quarters, but METRO has continued to post industry-leading growth, led by steady footprint expansion. Although it could face moderation in SSSG and margin rebase in the near term, we expect the company to deliver secular 20% growth over the next five years, driven by its strong execution prowess evident from superla...
Buy Metro Brands Ltd For Target Rs.1,530- Motilal Oswal Financial Services Ltd
Buy Metro Brands Ltd For Target Rs.1,530- Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services Ltd
2024-01-15 09:31:48 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
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