Metro Brands Ltd (METROBRAND)

Goldman Sachs Expects Up to 34% Upside for Metro Brands - 29 Apr, 2024

Metro Brands is expected to benefit from key structural trends like premiumization and rising S&A penetration, with Goldman Sachs Equity Research predicting up to 34% upside potential. The target price of ₹1450 indicates a significant increase from the current trading level of around ₹1075. Compared to Bata India, Metro Brands is better positioned in terms of these trends, according to the report.

Metro Brands Ltd. Listed with Market Capitalisation of Rs. 28,773 Crore - 24 Apr, 2024

Metro Brands Ltd., which owns brands such as Mochi, Metro, and Walkway, was listed in December 2021 and has a market capitalisation of Rs. 28,773 crore as of April 24, 2024. Rekha Jhunjhunwala, wife of late billionaire investor Rakesh Jhunjhunwala, owns a minority stake in the company.

Metro Brands Ltd's Sound Financials Despite Share Price Drop - 21 Apr, 2024

Despite a 6.2% drop in share price over the past three months, Metro Brands' sound financials make it worth considering for long-term investment. The company's ROE is particularly noteworthy.

Metro Brands Ltd. Market Capitalisation Reaches Rs. 35,117 Crore - 12 Apr, 2024

Farah Malik Bhanji, daughter of billionaire Rafique Malik, is the managing director of Metro Brands Ltd., which sells premium shoes. The company's market capitalisation was Rs. 35,117 crore as of December 8, 2024. Farah has played a key role in reimagining the company for the new era and contributed to its growth from 100 stores in 2010 to 598 locations across 136 Indian cities. The late billionaire investor Rakesh Jhunjhunwala's wife, Rekha, owns a minority stake in Metro Brands.

Metro Brands' Credit Rating Reaffirmed by CARE Ratings - 06 Apr, 2024

CARE Ratings has reaffirmed Metro Brands' credit rating at CARE AA with a stable outlook for its long-term facilities and CARE A1+ for its short-term rating. The company's Total Operating Income surged by 58.44% YoY, primarily propelled by aggressive store expansion initiatives, resulting in substantial sales growth. MBL expanded its brand portfolio through the acquisition of Cravatex Brands Limited, which is expected to contribute to incremental growth in the future. However, the fiercely competitive industry landscape dominated by unorganized players poses challenges.