Mediocre results once again. Though margins have improved, sales growth is negative which is surprising given the continuous store openings have they have been doing. The management has blamed a variety of factors for the revenue slowdown.
But how much do weddings contribute to Metro’s sales really? I don’t have the numbers but intuitively I don’t think it will be a material percentage. I am also unconvinced by this election holiday reason. Fila rollout also remains excruciatingly slow. Fila was acquired in end-2022, and here we are saying “in FY26, post stabilizing our Fila operations we will restart opening new Fila EBOs.”
For the first time probably, the concall ended in just 40 minutes.
(Disc: Holding)
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