India's Metro Brands falls after quarterly profit declines
05/08/2026 05:48
BUZZ-India's Metro Brands falls after quarterly profit declines ** Shares of India's Metro Brands METB.NS fall as much as 5.6% to 982 rupees, their lowest level since June 12, 2026; stock last down 2.4% at 1015.70 rupees
** Footwear retailer reports June-quarter consolidated net profit declines 4.8% Y/Y to 937.9 million rupees ($9.88 million) from 985.1 million rupees a year earlier
** Consolidated revenue from operations rises 14.7% Y/Y in the quarter
** Stock rated "Buy" on average by 21 analysts; median PT is 1,250 rupees - data compiled by LSEG
** Stock down 15.9% YTD
($1 = 94.9725 Indian rupees)
(Reporting by Payel Das in Bengaluru)
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