India's Metro Brands misses Q2 profit estimates as demand falters

Metro Brands’ September-quarter results came in below estimates, as footwear demand dipped ahead of expected consumption tax cuts. The retailer flagged soft volumes, rising input costs, and inventory discounts. Analysts say recovery depends on festive season strength and margin support from cost controls. The stock fell in early trade amid cautious outlook from peers. Sector watchers will track consumer sentiment and inventory turnover days in coming weeks to gauge durability of demand revival.