Metro Brands is one of the largest Indian footwear & accessories specialty retailers and are among the aspirational Indian brands in the footwear category. Its a one-stop shop for of branded products for the entire family, including men, women, unisex, and children, and for every occasion, including casual and formal events.
Q3 FY26 Earnings Results
- Revenue from Operations: ₹811 crore, up 15.4% YoY, 24.5% QoQ (standalone or consolidated basis as reported).
- PAT: ₹128.3 crore, up 35.6% YoY vs ₹94.6 crore; margins expanded on operational leverage.
- Other key metrics: Ecommerce sales up 43% YoY driving 11% overall revenue growth; in-store sales +8% YoY; 9% area additions; 9M performance shows store additions lagging but ramping.
Management Commentary & Strategic Decisions
- Steady progress noted amid festive momentum, with 13% EBITDA growth and 18% PBT growth reflecting operational rigour.
- Strategic moves: Launch of Foot Locker stores and New Era kiosks, celebrity partnerships; guidance maintained for 225 store openings FY26 including 140-145 net adds, focus on Metro/Mochi/Walkway/FILA/Foot Locker expansion. Earnings call scheduled Jan 28, 2026 for detailed 9M FY26 guidance.
Q2 FY26 Earnings Results
- Revenue from Operations: Standalone ₹636 crore (up 12.2% YoY vs ₹567 crore); consolidated ₹651 crore (up 11.2% YoY).
- EBITDA: Standalone up 12% YoY (₹171 crore implied); consolidated up 10% YoY, margins steady at 26% despite higher marketing.
- PAT: Standalone ₹64.1 crore (down 2.4% YoY); consolidated ₹69 crore (down 2.7% YoY), impacted by Ind AS 116 from 38 net stores added.
- Other key metrics: Ecommerce ₹90 crore (up 39% YoY, 14% of sales); gross margin +40 bps to 55%; 42 stores opened (incl. 4 Foot Locker, 10 Walkway); H1 revenue up 10%.
Management Commentary Q2
- “Q2 delivered continued growth… improving Gross Margins and EBITDA… focused on enhancing customer experience… launch of Clarks Cloudsteppers across 200 stores” – CEO Nissan Joseph.
- Confidence in 15%+ sales growth, 15% PAT, 30% EBITDA targets; addressing BIS issues for FILA/Foot Locker, Clarks expansion to 300 stores; dividend ₹2.50/share declared.
To view the company’s previous earnings and latest concall transcripts, click here to visit the Alphastreet India news channel.