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. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Specialty footwear retail – own stores, Digital commerce (12%), Value-segment retail. Asset-light branded footwear retail; store-network and brand-licensing driven, with rising digital mix.
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 1,343 | 2,127 | 2,357 | 2,507 | 2,864 |
| EBITDA (ex other income) | 409 | 679 | 700 | 757 | 867 |
| margin % | 30.5 | 31.9 | 29.7 | 30.2 | 30.3 |
| Owners' profit | 212 | 361 | 413 | 351 | 411 |
| EPS, as reported (₹) | 8.01 | 13.31 | 15.18 | 12.89 | 15.10 |
| ROE % · ROCE % | 16.6 · 17.7 | 23.2 · 21.9 | 21.9 · 19.0 | 20.4 · 21.2 | 20.5 · 19.5 |
| Debt / equity (x) | 0.00 | 0.00 | 0.00 | 0.10 | 0.00 |
| Cash from operations | 220 | 699 | 590 | 698 | 474 |
| Capex | (48) | (100) | (116) | (87) | (139) |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 585 | 703 | 643 | 628 | 651 | 811 | 773 | 720 |
| Profit before tax | 94 | 159 | 126 | 130 | 91 | 172 | 156 | 126 |
| Net profit | 72 | 95 | 95 | 99 | 69 | 130 | 118 | 95 |
| EPS (₹) | 2.56 | 3.48 | 3.48 | 3.62 | 2.49 | 4.71 | 4.28 | 3.44 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| METRO BRANDS LIMITED ◆ | 25,672 | 63.1 | 12.67 | 26.4 | 20.5 | 16.3 | — | 33.4 |
| BATA INDIA LTD | 8,354 | 57.2 | 5.24 | 11.3 | 8.4 | 6.5 | 15.5 | 22.7 |
| RELAXO FOOT LTD. | 8,069 | 43.5 | 3.66 | — | 8.1 | 9.9 | — | 17.2 |
| CAMPUS ACTIVEWEAR LIMITED | 6,546 | 126.7 | 15.31 | 27.6 | 25.2 | 29.5 | — | 18.4 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 11 Sept 2026 · Metro Brands allots 18,772 shares under ESOP 2008 | capital market events | low | — | — |
| 11 Sept 2026 · Metro Brands allots 18,772 shares under ESOP 2008 | capital market events | low | — | — |
| 10 Sept 2026 · Metro Brands submits registered ESOP Trust Deed to exchanges | compliance | low | — | — |
| 2 Sept 2026 · Metro Brands meets investors at Elara India Dialogue 2026 conference | investor communications | low | — | — |
| 27 Aug 2026 · Metro Brands to attend Ashwamedh Elara India Dialogue 2026 Conference | board shareholder meetings | low | — | — |
| 25 Aug 2026 · Annual Report FY26 and 49th AGM Notice Shared with Shareholders | compliance | minimal | — | — |
| 25 Aug 2026 · Metro Brands 49th AGM on September 16, 2026 via video conferencing | compliance | minimal | — | — |
| 24 Aug 2026 · Metro Brands 49th AGM on Sept 16, 2026 - dividend, MD re-appointment, new ESOP scheme | board shareholder meetings | low | — | — |
| 24 Aug 2026 · FY26 sustainability report highlights 4,892 tonnes of discarded footwear diverted | compliance | low | — | — |
| 24 Aug 2026 · Metro Brands FY26 Annual Report: Revenue up 14.2%, crosses 1,000 stores | board shareholder meetings | medium | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) |
| REDTAPE LIMITED |
| 6,440 |
| 26.2 |
| 6.30 |
| 14.2 |
| 23.6 |
| 24.3 |
| — |
| 20.5 |
| SREELEATHERS LIMITED | 772 | 23.5 | 1.55 | — | 5.8 | 7.5 | — | 16.3 |
| LIBERTY SHOES LTD | 390 | 45.4 | 1.67 | — | 4.8 | 4.3 | — | 7.9 |
| LEHAR FOOTWEARS LIMITED | 359 | 17.2 | 2.71 | — | 15.7 | 19.3 | — | 8.9 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 63.1 | 51.3 | 7 of 10 | 33% |
| P/B | 12.7 | 3.7 | 8 of 9 | 13% |
| ROCE | 16.3 | 7.5 | 4 of 11 | 70% |
| ROE | 20.5 | 8.3 | 3 of 10 | 78% |
| Debt / Equity | 0.0 | 0.2 | 2 of 10 | 56% |
| EBITDA margin | 33.5 | 17.4 | 1 of 10 | 100% |
| Revenue growth | 14.7 | 3.6 | 2 of 9 | 88% |
| Profit growth | (3.6) | (3.6) | 5 of 9 | 50% |
| Market cap | 25672 | 3606 | 1 of 10 | 100% |
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| an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
