External broker reports(aggregated public sources), Prabhudas Lilladhar

Prabhudas Lilladhar

Prabhudas Lilladher is one of India's leading research based financial services organisation.  

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only.  Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

External broker reports(aggregated public sources)

Prabhudas Lilladher is one of India's leading research based financial services organisation.

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

Equity Bottom-Up

<ul><li>Metro brands saw muted 1Q amid lower wedding days and poor demand however worst seems over as 1) 2Q is showing some green shoots across brands, despite heavy rains impact in some regions 2) 2H25 is expected to show improvement in demand led by festive and marriage season and 3) relaunch of FILA &amp; footlocker.</li><li>BIS benefits have not flown to domestic players due to higher costs and exemption given to smaller players.</li><li>However, relaunch of FILA and footlocker stores might be delayed, amid addition of Vietnam &amp; Thailand into non-certified countries.</li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

Metro brands saw muted 1Q amid lower wedding days and poor demand however worst seems over as 1) 2Q is showing some green shoots across brands, despite heavy rains impact in some regions 2) 2H25 is expected to show improvement in demand led by festive and marriage season and 3) relaunch of FILA &amp; footlocker.BIS benefits have not flown to domestic players due to higher costs and exemption given to smaller players.However, relaunch of FILA and footlocker stores might be delayed, amid addition of Vietnam &amp; Thailand into non-certified countries.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Metro Brands - Worst Seems Over, Hold for LT Gains