This Crocs Franchisee Footwear Stock Up 28% In 5 Days, Strongest Financial In Q1

Metro Brands is a major large-cap footwear company that leads brands like Metro Shoes, Crocs, Mochi, Walkway, and daVinchi. According to a recent report, the company is planning to add 260 stores by FY25. Metro Brands' consolidated revenue from operations in Q1 FY23 gained to Rs. 507.9 crore. Additionally, the net profit gained to Rs. 105.8 crore in Q1FY23 against a net loss of Rs. 12.1 crore in Q1FY22. This has been the company's strongest quarter in its history.

Stock to Watch: NSE performance

The current market price of Metro Brands stood at Rs. 730.20/share on NSE, gaining by 14.14%, till last traded. In the last 5 days, the share price of this company has surged by 28.06% on NSE, and in the last 1 month, its share price has surged by 18.91%. In the past 6 months, its stock price has surged by 21.96%. In the last 1 year its stock price gained by 48.01%.

The 52-week high level of this stock is Rs. 761.75, and the 52-week low level of this stock is Rs. 426.

Market capitalization	Current market price	5 days performance	6 Months performance
Rs. 20,015 crore	Rs. 730.20	28.06%	21.96%

Financial performance

According to data available with NSE, in Q4 FY22, the company's total income stood at Rs. 40,913.30 lakh, as against Rs. 48,797.00 lakh in the previous quarter. The company's profit before tax or PBT was reported at Rs. 9,250.20 lakh in Q4 FY22, as against Rs. 13,258.30 lakh in Q3 FY22. The company's net profit was reported at Rs. 6,754.10 lakh in Q4 FY22, as against Rs. 10,014.80 lakh in Q3 FY22.

They are one of the largest Indian footwear and accessories specialty retailers. In 1955, they opened their first Metro Brands store in Mumbai. The brand has a wide range of branded products for men, women, unisex, and children, for every occasion. As of March 31, 2021, the company operated 644 Stores in 147 cities across 30 Indian states and Union territories. Metmill Footwear Private Limited is their subsidiary, and M. V. Shoe Care Private Limited is their joint venture. They have marketed their products through two websites and dedicated pages in 7 major Indian e-commerce marketplaces as of March 31, 2021

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