ICICI Securities trims Metro Brands target to Rs 1,100, keeps 'Add' on premiumisation push
Post Q4 FY26, broker cuts target from Rs 1,150 citing near-term headwinds but holds Add rating on store discipline and scale-up of Fila, Foot Locker and MetroActiv. BIS-led supply disruptions and elevated working capital flagged as key monitorables.
ICICI Securities maintains 'Add' on Metro Brands but cuts target to Rs 1,100 from Rs 1,150 after Q4 FY26. Cites premiumisation, store discipline, scaling Fila/Foot Locker/MetroActiv. Flags BIS supply disruptions and elevated working capital as monitorables.
Why this matters
Follows Metro Brands' Q4 profit jump of 24% on wedding and festive footwear demand. Broker tempers near-term view despite premiumisation tailwinds, balancing store scale-up against BIS supply and working capital pressures.
Retail-company coverage steady at 769 signals over the last 90 days.