Metro Brands shares gained 5.4% on BSE, logging an intra-day high at ₹1,102 per share following the release of strong Q4FY26 results. According to reports from Business Standard, the stock was in demand after the company reported robust financial performance for the March quarter. However, at 10:38 AM, the share price had pared some gains but was still up 4.49% at ₹1,091.85 per share, while the BSE Sensex was up 0.19% at 75,464.44.
In the March quarter (Q4FY26), Metro Brands reported a net profit of ₹118 crore, compared to ₹95 crore a year ago, representing a 23.5% year-on-year growth. As reported by Business Standard, the company's revenue from operations stood at ₹773 crore, compared to ₹643 crore year-on-year, up 20.3%. The company's Earnings before interest, tax, depreciation, and amortisation (Ebitda) stood at ₹238 crore, compared to ₹198 crore Y-o-Y, with Ebitda margin at 30.8% against 30.7% a year ago. For the full fiscal year FY26, the company achieved consolidated revenue of ₹2,864 crore, up 14.2% from the previous year, with PAT growing 17.3% to ₹416 crore.
According to the filing reported by Business Standard, Q4FY26 growth was driven by festive and wedding season demand, supported by a reduction in goods and services tax (GST) rates for footwear below ₹2,500. During the quarter, the company opened 47 new stores, which was offset by 5 store closures for the quarter. Ecommerce sales (including omni-channel) grew by 53%, contributing to 12.2% of the revenue compared to 9.5% in Q4 FY25. For the full year FY26, Metro Brands opened 147 new stores while closing 23, resulting in a net addition of 124 stores, bringing the total store count to 1,032 across 221 cities. E-commerce sales including omni-channel grew by 39% and contributed 12.9% to overall revenue, up from 10.6% in the previous year.
The company commissioned a new warehouse of approximately 3 lakh sq. ft. and closed an existing one, resulting in a one-time gain of ₹7 crore on the reversal of net lease liability under IND AS 116. Metro Brands continued to expand its portfolio through strategic partnerships and new formats, launching MetroActiv, a multi-brand retail destination for sports performance, and expanding its partnership with Clarks, launching the brand online and in select MBOs. The company also operates Foot Locker stores and has entered into a long-term exclusive distribution agreement with New Era Cap. Local manufacturing of Fila footwear has commenced to address BIS implementation challenges.
ICICI Securities has maintained an 'Add' rating on Metro Brands, trimming the target to ₹1,100 from ₹1,150. As reported by NDTV Profit, the brokerage remains constructive on the company's medium-term outlook, citing strong execution, premiumisation trends and healthy profitability, even as near-term demand remains mixed. The brokerage said Metro's Q4FY26 performance reinforced the view that execution quality within the business remains relatively stronger than the broader discretionary demand environment. Encouragingly, newer growth levers such as Fila, Foot Locker and MetroActiv are scaling gradually, helping diversify the portfolio beyond the core business. However, BIS-related supply disruptions across select global brands and relatively elevated working capital levels remain near-term monitorables. Commenting on the results, Nissan Joseph, CEO, Metro Brands Limited, said, "Q4 marked a solid finish to FY26, supported by wedding season demand along with sustained traction across our portfolio. We continued to focus on strengthening our retail footprint, accelerating omni-channel capabilities, and investing in operational infrastructure to support long-term growth."
