Metro Brands Ltd Share Price (METROBRAND)

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.

Metro Brands Extends Partnership with Crocs India - 29 Mar, 2024

Metro Brands Limited has extended its partnership with Crocs India, a world leader in innovative casual footwear. The company also recently announced strategic partnerships with US-based footwear giant Foot Locker and Fila.

Goldman Sachs Initiates Buy Call on Metro Brands - 22 Mar, 2024

Global investment banking and brokerage firm Goldman Sachs has initiated coverage on Rakesh Jhunjhunwala-backed Metro Brands with a buy rating and a target price of Rs 1,450. The brokerage expects the company to leverage the sports and athleisure opportunities with FILA and benefit from the penetration of branded footwear in India.

Metro Brands Witnesses Surge in Volume and Stock Price - 20 Mar, 2024

Shares of footwear retailer, Metro Brands, witness a surge in volume and stock price with Rekha Jhunjhunwala-backed company rising 12.2% to Rs 1,158 apiece on the BSE amid healthy volumes.