Financial Performance Summary

Revenue:

  • Consolidated revenue from operations for Q1 FY27 stood at ₹720 crore
  • Year-on-year growth of 14.7%

Profitability:

  • EBITDA for the quarter stood at ₹215 crore
  • EBITDA margin of 29.8%
  • PAT margins were impacted during the quarter

Performance Drivers & Context:

Demand was muted during April and May 2026 due to:

  • Broader geopolitical uncertainties
  • Fewer wedding dates

Business momentum improved from mid-June 2026 driven by:

  • Onset of wedding season
  • Improving consumer sentiment

Factors Impacting PAT Margins:

  • Continued investments in talent
  • Brand-building initiatives
  • Modest rise in occupancy costs from new format additions during the quarter

Operational Metrics

Store Network:

  • 13 new store openings during the quarter
  • 4 store closures during the quarter
  • Net addition of 9 stores
  • Total store count as of June 30, 2026: 1,041 stores
  • Geographic presence: 222 cities across 31 states and union territories in India

E-commerce Performance:

  • E-commerce sales (including omni-channel) grew 9% year-on-year
  • Contribution to total revenue: 13.1%

Management Commentary

Nissan Joseph, CEO, Metro Brands Limited commented:

  • "The business delivered another quarter of double-digit growth"
  • Growth supported by disciplined execution across portfolio and continued focus on strategic priorities
  • Company continues to invest in brand portfolio, marketing and leadership talent to support sustainable long-term growth
  • "As market conditions continue to improve, we remain well positioned to capture the opportunities ahead"

Business Overview

Metro Brands Limited is:

  • One of India's leading footwear specialty retailers
  • Established in Mumbai in 1955
  • Offers footwear and accessories for men, women, and children across occasions
  • Portfolio includes in-house brands: Metro Shoes, Mochi Shoes, Walkway, MetroActiv, Da Vinchi, and J. Fontini
  • Global partner brands: Crocs, FitFlop, Fila, Foot Locker, New Era, Clarks, Skechers, and Puma
  • Also retails accessories including handbags, belts, and wallets
  • Focuses on regional sensibilities and evolving consumer preferences
  • Scaling omnichannel capabilities while expanding presence through differentiated portfolio of brands and formats