Metro Brands Limited announced its Standalone and Consolidated Financial Results for the quarter and half year ended September 30, 2026, through a press release filed under SEBI Listing Regulations Regulation 30.
Financial Performance Q2 FY27
- Consolidated Revenue: ₹730 crore, representing 12.2% year-on-year growth
- EBITDA: ₹198 crore with EBITDA margin of 27.1%, registering 15.8% year-on-year growth
- PAT: ₹77 crore with PAT margin of 10.6%, representing 12% year-on-year growth
- Gross Margin: Expansion noted as supporting PAT margins
Operational Highlights
- Store Network: 21 new store openings during the quarter, offset by 9 store closures
- Total Stores: 1,053 stores across 223 cities and 31 states/Union Territories as of September 30, 2026
- E-commerce Sales: Grew 12% year-on-year (including omni-channel)
- E-commerce Contribution: 14.2% of total revenue
Cost Structure
- Increased investments in talent and brand-building activities
- Employee costs increased following minimum wage revisions
Management Commentary
Nissan Joseph, CEO of Metro Brands Limited, commented that despite festive-season sales shifting into the following quarter (Q3), the company delivered double-digit growth with EBITDA growing ahead of revenue. He attributed this to continued focus on operational execution and margin management. The company remains focused on strengthening its brand portfolio, expanding retail presence, and investing in capabilities for sustainable long-term growth. Management expressed confidence in being well positioned to capture opportunities during the key festive period.
Business Overview
The company operates as one of India's largest footwear specialty retailers with a portfolio including Metro Shoes, Mochi Shoes, Walkway, MetroActiv, Da Vinchi, and J. Fontini brands, alongside global partner brands such as Crocs, FitFlop, Fila, Foot Locker, New Era, Clarks, Skechers and Puma. The company also retails accessories including handbags, belts and wallets.