Latest news with #MetroBrands
Economic Times
a day ago
- Business
- Economic Times
Buy Metro Brands, target price Rs 1,400: JM Financial
JM Financial has a buy call on Metro Brands with a target price of Rs 1,400 The current market price of Metro Brands is Rs 1216. The time period given by the analyst is a year when Metro Brands price can reach the defined target. Metro Brands, incorporated in 1977, is a Large Cap company with a market cap of Rs 33497.67 crore, operating in the Leather sector. ADVERTISEMENT Metro Brands' key products/revenue segments include Footwear and Other Operating Revenue for the year ending 31-Mar-2024. Financials For the quarter ended 31-03-2025, the company has reported a Consolidated Total Income of Rs 665.83 crore, down -8.32 % from last quarter Total Income of Rs 726.29 crore and up 9.63% from last year same quarter Total Income of Rs 607.33 crore. The company has reported net profit after tax of Rs 94.91 crore in the latest quarter. The company's top management includes A Malik, Velamakanni, Vijaykumar Khemani, Kumar Singhal, Bhagwan Advani, Kumar Maheshwari, Hemendra Sheth, Iqbal Hasanally Dossani, Malik Bhanji, Padam Sacheti, A Malik, Velamakanni, Vijaykumar Khemani, Kumar Singhal, Bhagwan Advani, Kumar Maheshwari, Hemendra Sheth, Iqbal Hasanally Dossani, Malik Bhanji, A Malik, Padam Sacheti, Velamakanni, Vijaykumar Khemani, Kumar Singhal, Bhagwan Advani, Kumar Maheshwari, Hemendra Sheth, Iqbal Hasanally Dossani, Malik Bhanji, Padam Sacheti, A Malik, Velamakanni, Vijaykumar Khemani, Kumar Singhal, Bhagwan Advani, Kumar Maheshwari, Hemendra Sheth, Iqbal Hasanally Dossani, Malik Bhanji, Padam Sacheti. Company has Deloitte Haskins & Sells as its auditors. As on 31-03-2025, the company has a total of 27 crore shares outstanding. Promoter/FII Holdings Promoters held 71.88 per cent stake in the company as of 31-Mar-2025, while FIIs owned 3.46 per cent, DIIs 7.36 per cent. (You can now subscribe to our ETMarkets WhatsApp channel) Disclaimer: Views and recommendations given in this section are the analysts' own and do not represent those of Please consult your financial adviser before taking any position in the stock/s mentioned.
Time of India
a day ago
- Business
- Time of India
Buy Metro Brands, target price Rs 1,400: JM Financial
JM Financial has a buy call on Metro Brands with a target price of Rs 1,400 The current market price of Metro Brands is Rs 1216. The time period given by the analyst is a year when Metro Brands price can reach the defined target. Metro Brands, incorporated in 1977, is a Large Cap company with a market cap of Rs 33497.67 crore, operating in the Leather sector. Metro Brands' key products/revenue segments include Footwear and Other Operating Revenue for the year ending 31-Mar-2024. Financials For the quarter ended 31-03-2025, the company has reported a Consolidated Total Income of Rs 665.83 crore, down -8.32 % from last quarter Total Income of Rs 726.29 crore and up 9.63% from last year same quarter Total Income of Rs 607.33 crore. The company has reported net profit after tax of Rs 94.91 crore in the latest quarter. The company's top management includes A Malik, Velamakanni, Vijaykumar Khemani, Kumar Singhal, Bhagwan Advani, Kumar Maheshwari, Hemendra Sheth, Iqbal Hasanally Dossani, Malik Bhanji, Padam Sacheti, A Malik, Velamakanni, Vijaykumar Khemani, Kumar Singhal, Bhagwan Advani, Kumar Maheshwari, Hemendra Sheth, Iqbal Hasanally Dossani, Malik Bhanji, A Malik, Padam Sacheti, Velamakanni, Vijaykumar Khemani, Kumar Singhal, Bhagwan Advani, Kumar Maheshwari, Hemendra Sheth, Iqbal Hasanally Dossani, Malik Bhanji, Padam Sacheti, A Malik, Velamakanni, Vijaykumar Khemani, Kumar Singhal, Bhagwan Advani, Kumar Maheshwari, Hemendra Sheth, Iqbal Hasanally Dossani, Malik Bhanji, Padam Sacheti. Company has Deloitte Haskins & Sells as its auditors. As on 31-03-2025, the company has a total of 27 crore shares outstanding. Live Events Promoter/FII Holdings Promoters held 71.88 per cent stake in the company as of 31-Mar-2025, while FIIs owned 3.46 per cent, DIIs 7.36 per cent.
Time of India
29-05-2025
- Business
- Time of India
Bata India posts surprise profit fall in fourth quarter as footwear demand wanes
HighlightsBata India reported a surprising 28 per cent decline in consolidated profit for the fourth quarter, falling to 459.2 million rupees, as sluggish consumer demand impacted sales. The company's revenue for the quarter decreased by 1 per cent to 7.88 billion rupees, underperforming analysts' expectations of 8.23 billion rupees, reflecting ongoing challenges in the Indian retail market. In contrast, peer Metro Brands exceeded profit expectations due to growth in its premium segment, while Relaxo Footwears experienced declines in revenue, profit, and footwear sales volume. Footwear maker Bata India reported a surprise fourth-quarter profit decline on Wednesday, hurt by sluggish consumer demand as the high cost of living hurts household budgets. The company's quarterly consolidated profit fell 28 per cent from a year ago to 459.2 million rupees ($5.4 million) while analysts expected a growth of around 5 per cent, according to data compiled by LSEG. Bata, which also sells footwear brands such as Hush Puppies and North Star in India, said its revenue in the quarter dropped 1 per cent from a year ago to 7.88 billion rupees, lower than the 8.23 billion rupees expected by analysts. KEY CONTEXT Urban consumer demand in India remains weak due to the high cost of living and sluggish wage growth, with lower inflation in the fourth quarter offering little respite for consumer companies. Bata has strived to maximize volume-led growth in recent quarters by reducing the number of price points offered in stores to ease decision-making for customers, analysts have said. Peer Metro Brands beat fourth quarter profit expectations, benefiting from growth in its premium segment, while Relaxo Footwears reported declines in quarterly revenue , profit and volume of footwear sold. PEER COMPARISON Valuation (next 12 Estimates (next 12 Analysts' sentiment months) RIC PE EV/EBITDA Revenue Profit Mean No. of Stock to Div growth(%) growth(% rating* analyst price yield) s target** (%) Bata India 50.76 19.63 8.48 7.62 Hold 10 0.96 1.49 Metro Brands 67.98 36.18 15.27 26.50 Buy 20 0.95 0.50 Relaxo Footwears 50.65 24.25 9.20 22.91 Hold 9 0.95 0.68 Campus Activewear 54.30 28.17 13.89 27.99 Buy 7 0.93 * The mean of analyst ratings standardised to a scale of Strong Buy, Buy, Hold, Sell, and Strong Sell ** The ratio of the stock's last close to analysts' mean price target; a ratio above 1 means the stock is trading above the PT JANUARY TO MARCH STOCK PERFORMANCE -- All data from LSEG
Reuters
28-05-2025
- Business
- Reuters
Bata India posts surprise profit fall in fourth quarter as footwear demand wanes
May 28 (Reuters) - Footwear maker Bata India ( opens new tab reported a surprise fourth-quarter profit decline on Wednesday, hurt by sluggish consumer demand as the high cost of living hurts household budgets. The company's quarterly consolidated profit fell 28% from a year ago to 459.2 million rupees ($5.4 million) while analysts expected a growth of around 5%, according to data compiled by LSEG. Bata, which also sells footwear brands such as Hush Puppies and North Star in India, said its revenue in the quarter dropped 1% from a year ago to 7.88 billion rupees, lower than the 8.23 billion rupees expected by analysts. Urban consumer demand in India remains weak due to the high cost of living and sluggish wage growth, with lower inflation in the fourth quarter offering little respite for consumer companies. Bata has strived to maximize volume-led growth in recent quarters by reducing the number of price points offered in stores to ease decision-making for customers, analysts have said. Peer Metro Brands ( opens new tab beat fourth quarter profit expectations, benefiting from growth in its premium segment, while Relaxo Footwears ( opens new tab reported declines in quarterly revenue, profit and volume of footwear sold. PEER COMPARISON * The mean of analyst ratings standardised to a scale of Strong Buy, Buy, Hold, Sell, and Strong Sell ** The ratio of the stock's last close to analysts' mean price target; a ratio above 1 means the stock is trading above the PT JANUARY TO MARCH STOCK PERFORMANCE -- All data from LSEG -- $1 = 85.3620 Indian rupees
Time of India
23-05-2025
- Business
- Time of India
Metro Brands beats quarterly profit estimates on strong demand for premium footwear
Footwear retailer Metro Brands reported fourth quarter profit above expectations on Thursday, benefiting from strong demand for its premium products in a quarter that generally sees a high number of weddings. The company's consolidated profit after tax of 947.5 million Indian rupees ($11.02 million) for the quarter ended March 31 came in above analysts' estimate of 881 million rupees, according to data compiled by LSEG. Its quarterly profit was about 39% lower than a year ago, due to a tax benefit in the fourth quarter of fiscal 2024. Metro, which also sells brands such as Crocs and Fila besides its own, reported a revenue growth of 10.3% to 6.43 billion rupees in the fourth quarter. Expenses rose about 7%, outpaced by the rise in revenue. KEY CONTEXT Demand remains strong for products that cater to upper middle class and richer Indians, despite the dampening effect of the high cost of living on overall urban consumption. Metro Brands has, in recent quarters, benefited from premiumization. The portion of its sales derived from footwear retailing for more than 3,000 rupees grew to 54% in fiscal 2025, from 50% in fiscal 2024. The company also flagged the boost to sales from India's winter wedding season, that can run from November to February. Metro Brands' peers Bata India and Campus Activewear have not yet reported results. Relaxo Footwears earlier this month reported a decline in fourth quarter revenue, profit after tax and number of footwear sold.
