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BSE LIVE NSE LIVE 26 Aug, 2025 12:21 Volume Todays L/H More ×
Prabhudas Lilladher's research report on Metro Brands
We cut FY27/FY28 EPS estimates by 4.3/4.9% driven by 1) Higher store additions in across new and existing formats resulting in increased overheads and 2) elevated A&P spends to nurture new brands. We believe operating parameters to improve with a lag led by 1) expected expansion in Tier-2 and Tier-3 cities with Metro, Mochi and Walkway. 2) Normalization of BIS-related issues by end of FY26 resulting in faster store expansion in Footlocker and FILA and 3) launch of Clarks EBO’s in FY27. MBL's growth plans remain on track, supported by 1) Entry into new cities. 2) Healthy online/omni-channel contribution,