Here are the two stocks that have built a strong brand and customer loyalty in the sectors of Footwear and Milk products,And these companies’ shares have gained after they released September quarter results(Q2FY24).
Metro Brands
Metro Brands Limited is one of the largest Indian footwear & accessories specialty retailers and are among the aspirational Indian brands in the footwear category.
At 2:15 p.m the shares of Metro Brands were trading at Rs. 1,202 per share, up 0.80 percent from its previous day close price and the market capitalization of the company is Rs. 32,616 Crores.
As per the company’s filing, Metro Brands have released their quarter ended September (Q2FY24) business updates and it is as follows.
The company’s revenue from operations grew 16.66 percent YoY from Rs. 476.31 Crores in Q2FY23 to Rs. 555.70 Crores in Q2FY24 and it declined 4.60 percent QoQ from Rs. 582.52 Crores in Q1FY24 to Rs. 555.70 Crores in Q2FY24.
Its Net profit declined 13.18 percent YoY from Rs.77.89 Crore in Q2FY23 to Rs. 67.62 Crore in Q2FY24 and it declined 27.67 percent QoQ from Rs. 93.50 Crore in Q1FY24 to Rs. 67.62 Crore in Q2FY24.
As of September 30, 2023 Metro Brands Limited operates 795 stores across 189 cities in the country.
According to the company’s financial statements its revenue grew 58.39 percent from Rs. 1,342.93 Crores in FY22 to Rs. 2,127.1 Crores in FY23, accompanied by increasing profits of Rs. 211.59 Crores to Rs. 361.45 Crores.
It has reported a return on equity (ROE) of 25.97 percent and a return on capital employed (ROCE) of 39.24 percent, this indicates that the company is making good returns on its equity and capital employed.
According to the latest shareholding data available for the June 2023 quarter, the company’s Promoters hold 74.20 percent stake, the Domestic Institutional Investors hold 6.10 percent and the Foreign Institutional Investors (FII) hold 2.33 percent.
Metro Brands Limited is one of the largest Indian footwear & accessories specialty retailers and are among the aspirational Indian brands in the footwear category.
Hatsun Agro Product
Hatsun Agro Product is a dairy product company, it is engaged in manufacturing, processing and marketing of dairy products such as milk, ice creams, curd, skimmed milk powder, paneer, ghee etc.
At 3:06 p.m the shares of Hatsun Agro Product were trading at Rs. 1,132.80 per share down 0.62 percent from its previous day close price and its market capitalization is Rs. 25,226 Crores.
As per the company’s filing, Hatsun Agro Products has released their quarter ended September (Q2FY24) results and it is as follows
The company’s revenue from operations grew 9.02 percent YoY from Rs. 1,747.72 Crores in Q2FY23 to Rs. 1905.40 Crores in Q2FY24 and it declined 11.40 percent QoQ from Rs. 2150.63 Crores in Q1FY24 to Rs. 1905.40 Crores in Q2FY24.
Its Net profit grew 82.60 percent YoY from Rs.42.48 Crore in Q2FY23 to Rs. 77.57 Crore in Q2FY24 and it declined 3.21 percent QoQ from Rs. 80.15 Crore in Q1FY24 to Rs. 77.57 Crore in Q2FY24.
According to the company’s financial statements its revenue grew 13.76 percent from Rs. 6,370.36 Crores in FY22 to Rs. 7,246.97 Crores in FY23, accompanied by decreasing profits of Rs. 248.25 Crores to Rs.165.86 Crores.
It has reported a return on equity (ROE) of 13.01 percent and a return on capital employed (ROCE) of 12.29 percent, the company is making decent returns on its equity and capital employed.
According to the latest shareholding data available for the June 2023 quarter, the company’s Promoters hold 73.11 percent stake, the Domestic Institutional Investors hold 9.54 percent and the Foreign Institutional Investors (FII) hold 3.04 percent.
Written by: Bharath K.S
