Transcript of 48th Annual General Meeting of Metro Brands Limited
METROBRAND · price
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Metro Brands held its 48th AGM on September 18, 2025, reviewing FY25 performance. Revenue grew 6.4% YoY to ₹2,507 Crores, with EBITDA up 8.2% to ₹760 Crores and margins improving to 30.3%. Gross margin of 57.7% came in ahead of guidance. Profit after tax was ₹354 Crores, lower YoY due to one-time tax adjustments linked to historical FILA reconciliations. The company added 70 net stores, taking the total to 908 outlets, with e-commerce contributing 10.6% of revenue. Management guided for 15-18% revenue growth over the medium to long term, supported by GST cuts, lower interest rates, and tax relief measures. Key strategic updates included the launch of India's first Foot Locker store, a new long-term distribution deal with New Era Cap, and a strategic partnership with Clarks signed in June 2025, with the first Clarks exclusive store planned for H1 of the next financial year.
Forward guidance of 15-18% revenue growth and continued margin improvement signals confidence in sustained expansion. The Clarks and Foot Locker partnerships expand Metro Brands into premium and sports segments, which could support future re-rating, though near-term PAT remains weighed down by one-time tax items.