Motilal Oswal Recommends 'BUY' on Metro Brands with Rs 1315 Target
Business
M
Moneycontrol•30-01-2026, 21:03
Motilal Oswal Recommends 'BUY' on Metro Brands with Rs 1315 Target
- •Motilal Oswal has reiterated a 'BUY' rating for Metro Brands (MBL).
- •The revised target price for MBL is INR 1,315.
- •MBL reported a strong 15% YoY revenue growth in Q3FY26, surpassing estimates.
- •Growth was fueled by 11% YoY increase in in-store sales and 24% YoY growth in e-commerce.
- •Metro Brands added 24 net new stores in Q3, including value format Walkway and sports format MetroActiv.
Why It Matters: Motilal Oswal maintains a 'BUY' on Metro Brands, citing strong revenue growth and store expansion.
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