METRO BRANDS LIMITED

Operates a multi-brand specialty footwear retail chain in India, selling branded and private-label shoes, sandals and accessories through its own stores and digital channels. As of Q4 FY26 the retail network stood at 1,032 stores, including the first two FILA outlets opened since that brand's acquisition; the chain spans the Metro, Walkway, FILA, Foot Locker, Clarks and MetroActiv banners, with Walkway positioned at the value end for underpenetrated markets. Revenue of ₹2,863.63 crore in FY26 was supported by same-store growth, new store openings and a 53% jump in digital commerce, which now contributes 12% of total revenues. The company is targeting roughly 50 new banner stores in FY27 across FILA, Foot Locker, Clarks and MetroActiv, subject to BIS licensing clarity for import-dependent labels. Back-end scale was lifted by a new 200,000 sq ft distribution centre opened in March 2026. Operating cost is dominated by employee cost at 9.8% of revenue, other operating expenses at 17.9% and depreciation at 10.9%, with capex running at 4.9% of revenue; the largest external pressure cited is raw-material input cost, where management has flagged ~10% inflation mitigated through forward buying and a six-month inventory buffer.