METROBRAND

Metro Brands share price & financials

Price
₹1,037.6
Market cap
₹25.9k Cr
Sector
Consumer Durables
Calls analysed
8
Latest concall · Q1 FY27 · call held 05 Aug 2026

Metro Brands Limited Q1 FY27

Standalone Business Growth 14% +14%EBITDA Growth 9% +9%PAT Growth 13% +13%Gross Margins 60%

What went well

  • Strong Q1 FY27 performance with 14% standalone business growth, 9% EBITDA growth, and 13% PAT growth.
  • Gross margins remained robust at almost 60%, matching the highest of the past five quarters, attributed to quick action on input costs and inventory control.
  • EBITDA margins were maintained at 30%, consistent with guidance.

What to watch

  • PAT margins were impacted by increased investment in brand-building marketing, modest increase in occupancy costs, lower treasury income, and investment in talent and technology.
  • Soft sales in April and May were observed due to the overhang of the U.S.-Iran conflict and a shift in marriage dates.
Read the full call →

What Metro Brands Limited does

Metro Brands Limited retails footwear and accessories for the whole family across price points, operating an asset-light, primarily Company-Owned-Company-Operated (COCO) network of stores under its own brands (Metro, Mochi, Walkway, Proline) and licensed/exclusive third-party brands (Crocs, Fitflop, Fila, Foot Locker, New Era, Clarks). It also runs MetroActiv, a multi-brand sports-performance retail format carrying Nike, adidas, Puma, ASICS, Skechers, New Balance, FILA and New Era. The company sells through its physical store network as well as an omni-channel digital layer of owned and exclusive-brand websites, marketplaces and social commerce, and operates its own e-commerce-specific warehousing and distribution infrastructure.

Segments

  • Metro
  • Mochi
  • Walkway
  • Crocs
  • Fitflop
  • Fila
  • Foot Locker
  • New Era
  • MetroActiv
Stores
1,032
Store formats/brands
9
Cities present in
221
States & Union Territories covered
31
Loyalty programme members
19+ million
Footwear vendor/manufacturing partners
250+
Founded 1955Headquarters Mumbai, Maharashtra, IndiaEmployees 6,062 (March 31, 2025) Company website

Guidance record · Q1 FY27

what the last two calls moved 24 tracked 3 delivered 3 missed 18 open
  • EBITDA Margin delivered said Q2 FY25 Promised: ~30% Q1 FY27: Achieved 30% EBITDA margin in Q1. Management reiterated guidance for a '30-ish range' for the full year.
  • FY25 Revenue Growth missed said Q2 FY25 Promised: 12% to 15% Q1 FY27: Final verdict from FY25 stands. Promise period has ended.
  • Fila EBO Openings delayed said Q3 FY25 Promised: 5 to 6 stores at least by August of 2025 Q1 FY27: Opened 3 new FILA EBOs. Management now expects acceleration 'towards the end of FY '27', further pushing out the timeline for significant progress.

All 24 tracked — every revision, and every one management stopped mentioning.

Open the guidance ledger

Quarterly results

Q1 FY27: revenue up 14.6%, net profit down 4.0% against the same quarter last year.

₹ Cr · quarterly
Line itemQ2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Revenue585 703 643 628 651 +11%811 +15%773 +20%720 +15%
EBITDA155 225 197 194 171 +10%265 +18%238 +21%215 +11%
Net profit72 95 95 99 69 −4%130 +37%118 +24%95 −4%
How to read this

₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.

Performance −25.0% 1Y

₹0.9k₹1.0k₹1.1k₹1.2k₹1.3kSept 25Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26Q2 FY26 — 17 Oct 2025Q3 FY26 — 28 Jan 2026Q4 FY26 — 21 May 2026Q1 FY27 — 5 Aug 2026

1Y: ₹1,254.4 on 10 Sept 2025 → ₹940.2. High ₹1,321.2 (17 Sept 2025), low ₹896.1 (30 Mar 2026).

How the price took the results

close before → close after

Q1 FY27
−3.8%
5 Aug
Q4 FY26
+6.3%
21 May
Q3 FY26
−3.4%
28 Jan
Q2 FY26
−0.5%
17 Oct

The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.

Financials, as filed

Revenue grew 10.4% a year over 3 years, FY23 to FY26. Operating margin narrowed to 30.3%.

Year endingFY23FY24FY25FY26
Revenue₹2.1k Cr₹2.4k Cr₹2.5k Cr₹2.9k Cr
Operating profit₹679 Cr₹700 Cr₹757 Cr₹868 Cr
Operating margin31.9%29.7%30.2%30.3%
Interest₹63 Cr₹78 Cr₹90 Cr₹111 Cr
Depreciation₹180 Cr₹229 Cr₹258 Cr₹311 Cr
Net profit₹366 Cr₹417 Cr₹354 Cr₹416 Cr
Net margin17.2%17.7%14.1%14.5%
Cash from operations₹381 Cr₹590 Cr₹698 Cr₹474 Cr
Free cash flow₹289 Cr₹479 Cr₹611 Cr₹335 Cr
ROCE24.0%20.0%19.0%20.0%
How to read this

From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.

Balance sheet

Year endingFY21FY22FY23FY24FY25FY26
Equity capital₹133 Cr₹136 Cr₹136 Cr₹136 Cr₹136 Cr₹136 Cr
Reserves₹695 Cr₹1.1k Cr₹1.4k Cr₹1.7k Cr₹1.7k Cr₹1.9k Cr
Borrowings₹567 Cr₹692 Cr₹943 Cr₹1.1k Cr₹1.4k Cr₹1.6k Cr
Other liabilities₹265 Cr₹348 Cr₹416 Cr₹391 Cr₹528 Cr₹452 Cr
Total liabilities₹1.7k Cr₹2.3k Cr₹2.9k Cr₹3.4k Cr₹3.8k Cr₹4.0k Cr
Fixed assets₹724 Cr₹848 Cr₹1.3k Cr₹1.5k Cr₹1.8k Cr₹2.0k Cr
Capital work in progress₹5 Cr₹6 Cr₹18 Cr₹9 Cr₹18 Cr₹18 Cr
Investments₹400 Cr₹401 Cr₹478 Cr₹750 Cr₹649 Cr₹673 Cr
Other assets₹532 Cr₹1.1k Cr₹1.1k Cr₹1.1k Cr₹1.3k Cr₹1.3k Cr
Total assets₹1.7k Cr₹2.3k Cr₹2.9k Cr₹3.4k Cr₹3.8k Cr₹4.0k Cr
How to read this

As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.

Who owns it

As disclosed at Jun 2026

Since Jun 2025, the public trimmed −0.31 pp while DIIs added +0.29 pp. The shareholder count shrank 11% to 57,942.

Promoters
71.8%
FIIs
3.7%
DIIs
7.7%
Public
16.8%

Since Jun 2025

  • Public −0.31 pp
  • DIIs +0.29 pp
  • FIIs +0.08 pp

How it drifted, 12 quarters

Over this window promoters fell from 74.2% to 71.8% — −2.4 pp.

Sep '23Dec '24Jun '26

Ownership split by quarter, oldest first. Sep '23: Promoters 74.2%, FIIs 2.3%, DIIs 6.1%, Public 17.4%.Dec '23: Promoters 74.2%, FIIs 2.7%, DIIs 6.0%, Public 17.2%.Mar '24: Promoters 74.2%, FIIs 2.7%, DIIs 6.0%, Public 17.1%.Jun '24: Promoters 74.2%, FIIs 3.0%, DIIs 5.6%, Public 17.2%.Sep '24: Promoters 72.0%, FIIs 3.4%, DIIs 7.0%, Public 17.6%.Dec '24: Promoters 71.9%, FIIs 3.4%, DIIs 7.2%, Public 17.5%.Mar '25: Promoters 71.9%, FIIs 3.5%, DIIs 7.4%, Public 17.3%.Jun '25: Promoters 71.9%, FIIs 3.6%, DIIs 7.4%, Public 17.1%.Sep '25: Promoters 71.9%, FIIs 3.9%, DIIs 7.4%, Public 16.9%.Dec '25: Promoters 71.8%, FIIs 3.8%, DIIs 7.5%, Public 16.8%.Mar '26: Promoters 71.8%, FIIs 3.8%, DIIs 7.6%, Public 16.9%.Jun '26: Promoters 71.8%, FIIs 3.7%, DIIs 7.7%, Public 16.8%.

Who was buying across the market this quarter →

Who bought this quarter

since Mar 2026

Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.

The same filing shows 0 holders trimming and 0 off the list — both are in the register beside this.

Who is on the register

Named in the Jun 2026 filing

Every holder of Metro Brands Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.

HolderStakeChange
Aziza Malik Family Trust (Trustee - Farah Malik Bhanji) 28.05%unchanged
Rafique Malik Family Trust (Trustee - Farah Malik Bhanji) 27.65%unchanged
Aryaman Jhunjhunwala Discretionary Trust (Trustee - Rekha Rakesh Jhunjhunwala) 4.79%unchanged
Nishtha Jhunjhunwala Discretionary Trust (Trustee - Rekha Rakesh Jhunjhunwala) 4.79%unchanged
Aryavir Jhunjhunwala Discretionary Trust (Trustee - Rekha Rakesh Jhunjhunwala) 4.79%unchanged
Alisha Rafique Malik 2.90%unchanged
Kotak Midcap Fund Mutual fund2.82%+0.08 pp
Farah Malik Family Trust (Trustee - Rafique Abdul Malik) 1.46%unchanged
Zia Malik Family Trust (Trustee - Rafique Abdul Malik) 1.46%unchanged
Zarah Malik Family Trust (Trustee - Rafique Abdul Malik) 1.46%unchanged
Sabina Malik Family Trust (Trustee - Rafique Abdul Malik) 1.46%unchanged
Zia Malik Lalji 1.45%unchanged

A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.

Mutual funds in METROBRAND

Filings to Jul 2026

0 new, 0 added, 0 trimmed, 0 sold out — net +0.00 L shares (+0.0%).

Held by funds
₹95 Cr
1 schemes
Biggest holder
HDFC Multi Cap Fund
₹95 Cr · 0.5% of that fund
SchemeHoldingLast month
HDFC Multi Cap Fund HDFC Mutual Fund₹95 Crheld

HDFC, Nippon India and SBI schemes, from their monthly disclosures. Changes are counted in shares, so a price move never looks like buying or selling.

Mutual funds Jul 2026

0 added, 0 trimmed — net 0 shares (+0.0%)

Funds are sitting on
+1%
vs est. average cost
Held by funds
₹95 Cr
1 schemes · ≈ 0.37% of the company

Shares held by these funds +97%

Aug '23 9.15 L shares Jul '26

What the price assumes

Growth trap

To justify its price of ₹940, this stock must grow earnings at 37% every year for 7 years. Our analysis caps realistic growth at ~4%. At that growth it is worth ₹175 — downside of 81%.

Growth the price implies
37.2% a year
for 7 years, fading to 4%
It has actually compounded at
4.4% a year
net profit, FY23–FY26 · EPS 4.3%
The gap
0.3 pp
-81% downside if it only repeats history
Price today ₹940.2 Value at the reference growth ₹174.85

Change the assumptions yourself →

All earnings calls (7)

Read the Q1 FY27 call →

Learn to analyse Metro Brands Limited

Guides on how to read this kind of business and the numbers that matter.