India's Metro Brands eyes worst week since April after Q3 profit drop

Metro Brands

17/01/2025 06:35

** Shares of Metro Brands  METB.NS  fall ~2.5% to 1,190
rupees
    ** Stock set for worst week since April 5, 2024, down 5.3%
so far
    ** Footwear retailer posted 3.3% fall in Q3 net profit,
while revenue rose by ~10%
    ** Total expenses climbed 10%
    ** Analysts' avg rating on METB is "Buy" while peers Bata
India  BATA.NS  and Campus Activewear  CAMU.NS  are rated "Hold"
- LSEG data
    ** Median PT on METB is 1,300 rupees - LSEG data
    ** Stock fell ~4% in 2024 

 (Reporting by Yagnoseni Das in Bengaluru)
 ((Yagnoseni.Das@thomsonreuters.com;))