Rekha Rakesh Jhunjhunwala, spouse of late legendary investor Rakesh Jhunjhunwala, holds 26 stocks with a net worth of over Rs 50,980 crore in her portfolio.
Metro Brands share price: The company had posted a net profit of Rs 113 crore during the October-December period a year ago, according to a regulatory filing from Metro Brands.
Metro Brands reports a 12.38% decline in Q3 FY24 net profit due to increased expenses and slower sales, causing its shares to drop 6%. The revenue from operations in the quarter recorded 6.17% YoY growth, reaching ₹636 crore.
The right store size, a wide product portfolio with upcoming Fila and Foot Locker, and premiumization will help Metro Brands achieve healthy store economics.