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    5 reasons footwear retailer Metro Brands is this week's stock pick

    Synopsis

    Metro Brands will benefit from the growth of the organised retail sector and the boom in online shopping, along with its acquisition of sports and athleisure company, Caravatex Brands.

    The footwear retailer reported robust numbers in the third quarter of 2022-23, supported by aggressive store additions and healthy same-store sales growth. Its revenue and PAT grew at 24% and 12% on a y-o-y basis. It also reported an increase in gross margins, aided by lower raw material costs and an improvement in revenue mix. The company has 720 stores in 164 cities across the country for its own brands (Metro, Mochi, Walkaway, FILA and
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    The Economic Times