Metro Brands Q1 Results Review - Revenue Pressure Accentuated Due To Seasonality: ICICI Securities

NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..ICICI Securities Report.Metro Brands Ltd. Q1 FY25 revenue growth continues to be underwhelming at -1% YoY, as lower number of wedding days further accentuated footfalls concerns which the industry was already witnessing.Retail expansion was healthy at 11% YoY and is on track to open 100 stores in FY25 (225 stores in FY25-26). Management expects revenue growth to be ~12-15% in FY25 (lower than its long-term guidance of 14-18% compound annual growth rate) while maintaining its profitability guidance.Operating profit margin remains healthy driven by cost focus and lower losses for Cravatex brands. Liquidation of inventory for FILA will be completed by Q2 FY25. Metro continues to be the choice of platform for global brands to enter India; signed long-term exclusive distribution agreement with New Era.Increasing management bandwidth (new COO) addresses concerns around managing increasing complexity. Higher number of wedding days (21% YoY) for rest of FY25 keeps us optimistic. Maintain 'Add'..Click on the attachment to read the full report:.Olectra Greentech Shares Jump Most In Five Months After Q1 Net Profit Rises.DISCLAIMERThis report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Metro Brands Q1 Results Review - Revenue Pressure Accentuated Due To Seasonality: ICICI Securities

Higher number of wedding days (21% YoY) for rest of FY25 keeps the brokerage optimistic.

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Metro Brands Q1 Results Review - Revenue Pressure Accentuated Due To Seasonality: ICICI Securities

Higher number of wedding days (21% YoY) for rest of FY25 keeps the brokerage optimistic.

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