Metro Brands Limited (MBL), one of India’s leading footwear specialty retailers, on Tuesday reported its standalone and consolidated financial results for the quarter ended June 30, 2026, posting double-digit revenue growth despite a soft start to the quarter.
The company’s consolidated revenue from operations came in at Rs 720 crore for the quarter, up 14.7% year-on-year. EBITDA rose 10.4% to Rs 215 crore, with the EBITDA margin standing at 29.8%, which the company attributed to continued operational discipline.
According to the company, demand was muted through April and May, weighed down by broader geopolitical uncertainties and a lower number of wedding dates during those months. However, business momentum picked up from mid-June onward, aided by the start of the wedding season and improving consumer sentiment.
E-commerce sales, including omni-channel, grew 9% year-on-year and accounted for 13.1% of total revenue during the quarter.
The company noted that profit-after-tax (PAT) margins were affected by ongoing investments in talent and brand-building initiatives, along with a modest increase in occupancy costs linked to new store format additions.
Metro Brands added 13 new stores during the quarter, while four stores were shut, expanding its retail footprint. As of June 30, 2026, the company operated 1,041 stores across 222 cities in 31 states and union territories across India.
Management Commentary
Commenting on the results, Nissan Joseph, CEO, Metro Brands Limited said, “The business delivered another quarter of double-digit growth, supported by disciplined execution across our portfolio and continued focus on our strategic priorities. While demand was relatively muted during April and May due to external factors, consumer sentiment improved from mid-June, supported by the wedding season. We continue to invest in our brand portfolio, marketing and leadership talent that will support sustainable long-term growth. As market conditions continue to improve, we remain well positioned to capture the opportunities ahead.”
Founded in Mumbai in 1955, Metro Brands (BSE: 543426; NSE: METROBRAND) is among India’s largest footwear specialty retailers. The company’s in-house brand portfolio includes Metro Shoes, Mochi Shoes, Walkway, MetroActiv, Da Vinchi, and J. Fontini, alongside global partner brands such as Crocs, FitFlop, Fila, Foot Locker, New Era, Clarks, Skechers, and Puma. It also retails accessories including handbags, belts, and wallets.
