Metro Brands shares jump 10% on strong Q3 results. What should investors do with Rekha Jhunjhunwala stock?

Rekha Jhunjhunwala's portfolio stock Metro Brands jumped nearly 10% in Wednesday's trading session after the company reported strong December quarter results a day ago.

Metro Brands shares opened at ₹1095.25 apiece in the early morning session today, as compared to the previous close of ₹1060.20. The footwear brand stock touched an intraday high of ₹1171.50, rallying 10.5% in intraday deals.

Rekha Jhunjhunwala, the wife of the late investor Rakesh Jhunjhunwala, owns 39,153,564 shares of Metro Brands as of the December quarter.

Metro Brands Q3 results 2026

The company posted a 15% year-on-year (YoY) rise in revenue to ₹811 crore in Q3 FY26, buoyed by robust festive and wedding season demand and aided by a cut in GST on footwear priced below ₹2,500.

For the nine months ended December 2025, revenue increased 12%, which the company attributed to disciplined execution across its channels.

E-commerce and omni-channel sales surged 24% during the quarter and contributed 12% of total revenue, up from 11% in Q3 FY25. Over the first nine months of FY26, digital sales jumped 35% and made up 13% of overall revenue.

On the profitability front, Metro Brands reported a 37% YoY rise in its consolidated net profit, rising to ₹130 crore in the December quarter of FY26, as compared to ₹95 crore in the same quarter a year ago.

EBITDA stood at ₹265 crore, marking a 17.6% YoY increase, while the EBITDA margin expanded by 500 basis points to 32.7%.

Alongside the December quarter results, the company also announced an interim dividend of ₹3 per equity share with a face value of ₹5, and fixed Monday, February 2, 2026, as the record date to determine shareholders eligible for the interim dividend for FY 2025–26.

Metro Brands share price: Should you buy or sell?

Brokerage firm Motilal Oswal has given a ‘buy’ rating to Metro Brands share price with a target price of ₹1,070. “Consolidated revenue grew 15% YoY to INR8.1b , driven by ~11% YoY area additions, as revenue/sqft was stable YoY at INR5,150. In-store sales continued to pick up, posting ~11% YoY growth (vs. ~4%/10% YoY in 1Q/2Q), driven mainly by 11% YoY store additions,” said the brokerage.

Meanwhile, brokerage firm ICICI Direct has maintained an ‘add’ rating, with a target price of ₹1,200. “We cut our estimates by 1–2% for FY26–28; modelling revenue/EBITDA/PAT CAGRs of 15%/17%/21% over FY25–28E. Maintain ADD with a DCF-based revised target price of INR 1,200 (vs. INR 1,250),” the firm said in a note.

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