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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
Revenue growth slows for the footwear company as consumption skids and rivals crowd the market.
Things are not great at Metro Brands. Revenue growth at India’s most valuable footwear company has slowed significantly in the last three quarters. Profits have fluctuated. Worse, the outlook is equally grim. Against the past three years’ 23% growth in revenue, the company has set a modest medium to long-term target of 15-18%.
To be fair, some of its peers, such as Bata (0.29% revenue growth rate in FY25) and Relaxo (-4%), are faring worse. But then Metro Brands is a unique player in the Indian market. More than half (56%) its brands sell in the mid-to-premium segment, priced upwards …
India’s second-largest brokerage by active clients wants to handle IPOs as a merchant banker. But gaining a foothold in the highly competitive sector is easier said than done.
Influence cannot be manufactured through diaspora networks, carefully branded events or political donations. It requires honesty and credibility.
Chinese diplomats to India are saying all the right things for Indian ears, but Beijing’s policy actions are moving in the opposite direction.
