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Metro finds new spring in its step after GST cut
Business Standard
|September 18, 2025
Tax tweaks, fresh launches give footwear major a leg up on rivals
The stock of the largest listed footwear player, Metro Brands, has outperformed peers, gaining nearly 17 per cent over the past month to close at%1,319.75 on Wednesday on the BSE. In comparison, the average return for large listed peers in the sector during this period stood at around 7 per cent. The gains for Metro Brands came on the back of changes in goods and services tax (GST), new launches, and expectations of margin improvement going forward.
Akey trigger for the stock is the revision in GST rates. While the GST rate for products priced above %2,500 remains at 18 per cent, the rate for footwear priced up to%2,500 has been cut to § per cent. Previously, the rate was 12 per cent for products priced up to %1,000 and 18 per cent for those above 71,000.
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