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.
What happened
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
Key facts
- Target Rs 1,100
- Previous Rs 1,150
- Q4 FY26
Why this matters
Metro Brands' deepening reliance on licensed premium banners (Fila, Foot Locker) and own-brand MetroActiv expansion sharpens the case for bolt-on athleisure or distribution tie-ups that can absorb working capital strain while accelerating multi-brand portfolio depth.