India's Metro Brands gains as brokerages upbeat on growth prospects
ReutersJan 29, 2026 4:23 AM
India's Metro Brands METB.NS climbs 2.4% to 1,050.50 rupees
METB reported a higher quarterly profit on Tuesday, with analysts expecting the footwear retailer's growth momentum to continue
Goldman Sachs says METB's sales growth accelerated meaningfully vs recent quarters and returned to mid-teens pct growth after several quarters
Emkay Global sees scope for margin gains driven by operating leverage from recent tech and team investments
Brokerage maintains positive view on METB, citing strong mid-teens pct growth prospects from existing brands, new scalable partnerships (FILA, Foot Locker, Clarks) and potential upside with Metro emerging as a preferred partner for global entrants
METB down 13% so far in January
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