During Tuesday’s trading session, shares of one of the largest Indian footwear specialty retailers surged nearly 6 percent on BSE, after entering into a long-term partnership with a British footwear brand, securing distribution rights to neighbouring countries, including Bangladesh, Bhutan, Nepal, Maldives and Sri Lanka.
With a market cap of Rs. 31,677.4 crores, at 10:38 a.m., the shares of Metro Brands Limited were trading in the green at Rs. 1,163.4 on BSE, up by around 1.2 percent, as against its previous closing price of Rs. 1,149.2. The stock has delivered negative returns of over 6 percent in one year, and has fallen by nearly 4 percent in the last one month.
What’s the News
As per recent filings with the stock exchanges, Metro Brands Limited has entered into a long-term exclusive Distribution Agreement with C & J Clark International Limited and Clarks India Services Private Limited. This marks Clarks’ strategic official comeback into the Indian market, with Metro Brands chosen as its partner to lead the brand’s new chapter in the country.
As part of the agreement, Metro Brands is appointed as Clarks exclusive Retail and Digital Partner, and will handle the distribution and sale of Clarks’ product portfolio—including footwear, accessories (such as handbags, belts, umbrellas), and other brand-related merchandise—across all categories: Men, Women, Children, Sports, and Originals.
These products will be available through a wide range of sales channels, including mono-brand and multi-brand retail stores, e-commerce platforms, wholesale, travel retail, duty-free retail, digital commerce avenues, institutional sales, and more.
In addition to India, the agreement extends Metro Brands’ exclusive distribution rights to neighbouring countries, including Bangladesh, Bhutan, Nepal, Maldives, and Sri Lanka. Metro Brands will also take charge of Clarks’ e-commerce operations in India, managing its official website and all associated online sales platforms. Furthermore, it will hold exclusive rights to operate Clarks’ offline retail channels, including mono-brand stores.
Financials & More
Metro Brands reported a significant growth in revenue from operations, experiencing a rise of nearly 10 percent YoY, increasing from Rs. 583 crores in Q4 FY24 to Rs. 643 crores in Q4 FY25. In contrast, during the same period, the company’s net profit decreased from Rs. 156 crores to Rs. 95 crores, representing a decline of around 39 percent YoY. As per the latest shareholding pattern on BSE, the ace investor Rekha Rakesh Jhunjhunwala holds a total of 9.58 percent stake in the company.
Metro Brands Limited is engaged in the business of trading of fashion footwear, bags and accessories, operating in the premium and economy category and manufacturing of shoe care and foot care products.
Written by Shivani Singh
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