NIFTY MIDCAP150 Index Rebalance: 17 Changes a Side; Lots of Overlap with Other Index Flow
There are 17 changes for the index in March. Estimated one-way turnover is 9.2% resulting in a one-way trade of INR15.9bn. There are many stocks...
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Metro Brands - In-Line Results; Pace of Store Additions to Pick up in FY26
Metro Brands (MBL) reported in-line 3Q results, with revenue growth recovering to ~11% YoY (vs. 5% YoY in 2Q), driven by a 43% YoY growth in E...
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Metro Brands - Soft Demand but Futuristic Investments Continue
We cut our FY25/26/27 EPS estimate 2.4/4.1/4.5% given 1) persistent tepid demand 2) Tepid store economics led by lower SSG & opening up of store in...
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Metro Brands - Prudently Diversifying Across TAM; Initiate with BUY
Metro’s formats are a one-stop-shop for footwear across a wide range of price-points (ASP: Rs700-12,000); also, it is gradually evolving into a...
296 Views
Metro Brands - Weak Gross Margin Led to 2Q Miss; Growth to Pick up in 2H
Metro Brands (MBL)’s revenue grew 5% YoY (in line, -1% YoY in 1Q), driven by ~9% YoY area additions. Gross profit grew 2% YoY (3% miss)
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