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Metro Brands Limited is an Indian footwear and accessories specialty retailer founded in 1977. The company operates 854 stores across 195 cities in 31 states and union territories in India. It retails products under its own brands Metro, Mochi, Walkway, Da Vinchi, and J. Fontini, as well as third-party brands like Crocs, Skechers, Clarks, and FitFlop. Metro Brands offers footwear for men, women, unisex, and kids for various occasions, along with accessories such as belts, bags, socks, and wallets. The company distributes products through physical stores, websites, e-commerce marketplaces, and social media platforms. Its subsidiaries include Metmill Footwear Private Limited and Metro Atleisure Limited. In December 2021, Metro Brands went public with an IPO of Rs 1367 crore.
In the news

Kotak Securities Upgrades Metro Brands to 'Add' Despite Price Cut

Metro Brands Q1FY27 results: Mixed performance with recovery signs

Citi 'Sell' on United Breweries; Goldman Sachs maintains 'Buy'

Metro Brands Shows Strong E-commerce Growth in FY26

Metro Brands shares surge on strong Q4 results, broker upgrades

ITC Shares Fall 1.8% Despite Q4 Results: Technical Analysis Shows Weakness

Metro Brands shares rise 5% on 24% YoY profit growth in Q4FY26

Metro Brands gets buy rating, target Rs 1215: Motilal Oswal

Metro Brands Launches New Store Format, Expands Network

Metro Brands shares surge 10% on strong Q3 results

Metro Brands Q3 profit jumps 37% to ₹130 cr, declares ₹3 dividend
The Quarter story
The two most recent quarterly results, compared side-by-side.
Metro Brands sustains profitability and premium sales mix while moderating store expansion pace.
Average Realization rose from ₹1,575 in Q1 FY26 to ₹1,675 in Q1 FY27, reflecting strong pricing power.
Net store additions slowed from 38 in Q2 FY26 to 9 in Q1 FY27, signaling a maturing expansion pace.
Sales Mix above ₹3,000 grew from 38% in Q2 FY26 to 57% in Q1 FY27, signaling strong premium traction.
Pre IndAS116 PAT% declined from 17.2% in Q3 FY26 to 14.5% in Q1 FY27, tracking margin normalization.
Store Count expanded from 928 in Q1 FY26 to 1,041 in Q1 FY27, demonstrating aggressive physical footprint growth.
Depreciation and Amortisation climbed from ₹69 in Q1 FY26 to ₹85 in Q1 FY27, tracking asset base growth.
City Count grew from 206 in Q1 FY26 to 222 in Q1 FY27, reflecting steady geographic penetration.
Store Distribution in Tier III cities dropped from 38% in Q1 FY26 to 18% in Q1 FY27, indicating rural network optimization.
Gross Margin recovered from 55.3% in Q2 FY26 to 59.5% in Q1 FY27, confirming pricing strength.
Other expenses rose from ₹116 in Q1 FY26 to ₹138 in Q1 FY27, reflecting controlled operational overheads.