Financial Performance Highlights FY 2025-26

Consolidated Performance

  • Revenue from Operations: ₹2,864 crores (14.2% YoY growth)
  • EBITDA: ₹869 crores (14.5% YoY growth)
  • Profit After Tax: ₹416 crores (17.3% YoY growth)
  • EBITDA Margin: 30.3%
  • Gross Sales: ₹3,000+ crores

Standalone Performance

  • Revenue from Operations: ₹2,797.16 crores
  • Profit After Tax: ₹400.49 crores (14.6% YoY growth)
  • EPS - Basic: ₹14.70
  • EPS - Diluted: ₹14.67

Dividend Declaration

  • Interim Dividend: ₹3.00 per share declared on January 27, 2026 (₹81.74 crores)
  • Final Dividend: ₹3.00 per share recommended (subject to shareholder approval)
  • Total Dividend: ₹149.81 crores for FY26
  • Dividend History: Final dividend for FY25 of ₹2.50 per share (₹68.07 crores)

Operational Highlights

Store Network Expansion

  • Total Stores: 1,032 stores (124 net additions during FY)
  • Geographic Presence: 221 cities across 31 States & Union Territories
  • Store Formats: 9 formats including Metro, Mochi, Walkway, Crocs, FitFlop, FILA, Foot Locker, New Era, MetroActiv
  • Walkway Expansion: 47% addition focusing on value segment in Tier 2/3 markets

New Initiatives Launched

  • MetroActiv: New multi-brand sports performance retail format launched with 3 stores (Indore, Dehradun, Jodhpur) and dedicated e-commerce platform
  • Clarks Partnership: Exclusive partnership with British footwear brand, launched online and introduced Cloudsteppers range in 300+ stores
  • Digital Growth: E-commerce revenue grew 39% contributing 12.9% of total revenue

Brand Portfolio Performance

  • In-house Brands: 73% revenue contribution at Multi-Brand Outlets
  • Loyalty Program: 19+ million members
  • International Brands: Progress across Foot Locker (6 stores), FILA (4 stores), New Era (4 stores + 5 kiosks)

Capital Structure & Investments

Capital Expenditure

  • Property, Plant & Equipment: ₹142.25 crore additions
  • Right-of-use assets: ₹587.89 crore increase to ₹1,379.42 crore
  • Capital work-in-progress: ₹13.63 crore
  • Intangible assets under development: ₹4.59 crore

Share Capital & ESOPs

  • Authorized Share Capital: ₹150 crores (30 crore shares of ₹5 each)
  • Paid-up Capital: ₹136.27 crores (27.25 crore shares of ₹5 each)
  • ESOP Activity: 252,282 new options granted; 300,751 options exercised; 1,005,875 options outstanding
  • ESOP Expense: ₹10.80 crore employee stock option expense

Major Shareholders

  • Promoter Holding: 61.04% (166,350,520 shares)
  • Farah Malik Bhanji: 155,752,520 shares (57.15%)
  • Rekha Jhunjhunwala: 39,333,600 shares (14.43%)
  • Rafique A. Malik: 18,576,000 shares (6.82%)
  • Alisha Rafique Malik: 7,898,000 shares (2.90%)

Corporate Governance & Compliance

Board Composition

  • 10 Directors including 3 Executive, 1 Non-Executive, 1 Nominee Director, and 5 Independent Directors
  • Changes during FY: Mr. Srikanth Velamakanni ceased as Independent Director; Mr. Sonny Iqbal appointed as Additional Independent Director

Key Managerial Personnel

  • Ms. Farah Malik Bhanji (Managing Director)
  • Mr. Mohammed Iqbal Hasanally Dossani (Whole-time Director)
  • Ms. Alisha Rafique Malik (Whole-time Director)
  • Mr. Nissan Joseph (CEO)
  • Mr. Kaushal Khodidas Parekh (CFO)
  • Ms. Deepa Sood (Chief Legal Officer & Company Secretary)

Audit & Compliance

  • Auditor's Report: Unqualified opinion from S R B C & CO LLP confirming proper financial controls and compliance
  • Internal Audit: M/s. KPMG tenure concluded; M/s. PricewaterhouseCoopers appointed for FY2026-29
  • Secretarial Audit: Clean report without qualifications
  • Contingent Liabilities: ₹2.84-3.50 crore disputed tax matters across various jurisdictions

Sustainability & CSR Initiatives

Environmental Responsibility

  • Footwear Recycling: Processed 4,892 tonnes (~12.5 million pairs) of discarded footwear through eco-friendly channels
  • Recycling Coverage: Achieved 100% coverage (one pair recycled for every pair sold)
  • Solar Power: Generated 1,42,323.2 KWH through solar installations at warehouses

CSR Expenditure

  • CSR Obligation: ₹9.45-9.63 crores (2% of average net profit)
  • Amount Spent: ₹8.81-9.04 crores
  • Key Projects: National Apprenticeship Promotion Scheme (460 youths trained), Healthcare initiatives for cobblers, Fruit-bearing tree plantation (25,000 trees targeted)

Subsidiaries & Joint Venture Performance

  • Metmill Footwear Private Limited (51% ownership): Contributed ₹33.70 crores to net assets, ₹4.94 crores to profit
  • Metro Athleisure Limited (100% ownership): Contributed ₹(4.89) crores to net assets, ₹4.23 crores to profit
  • M.V. Shoe Care Private Limited (49% joint venture): Contributed ₹11.45 crores to net assets, ₹1.54 crores to profit
  • Non-controlling interests: ₹33.55 crores

AGM Details

  • 49th AGM Date: September 16, 2026 at 3:00 PM IST
  • Mode: Video Conferencing/Other Audio Visual Means
  • Business: To consider and adopt financial statements, declare final dividend, reappoint directors, and other matters

Forward-looking Statements

The document contains forward-looking statements about company objectives, projections, and expectations subject to risks and uncertainties including macroeconomic developments, regulatory changes, and market conditions.