Metro Brands Ltd. · NSE:METROBRAND
Metro Brands — Q1 FY2025-26 Earnings Presentation
41 slides from Metro Brands's earnings presentation, Aug 7, 2025
Slide 1: Covering letter to stock exchanges
August 07, 2025 To, To, The Manager The Manager Listing Department Listing Department BSE Limited, National Stock Exchange of India Ltd, Phiroze JeeJeeBhoy Towers, Exchange Plaza, 5th Floor, Plot No. Dalal Street, Mumbai – 400001 (E) C/1, G Block, Bandra Kurla Complex, Maharashtra, India Bandra (Eas
Slide 2: Q1 FY2025-26 Earnings Presentation
METRO BRANDS LIMITED Q1 FY2025-26 EARNINGS PRESENTATION 7th August 2025
Slide 3: Safe Harbor statement
Safe Harbor statement • The information contained in this Presentation should be considered in the context of the circumstances prevailing at the time and has not been, and will not be, updated to reflect material developments which may occur after the date of the Presentation. The information set o
Slide 4: Brief Overview
Brief Overview Q1 FY26 Business Highlights Metro’s Strengths Levers of growth Sustainability Initiatives & Others
Slide 5: Our Journey
Our Journey 1955 Started first Metro Store 2000 Launch of Mochi MBO Launch of Walkway MBO 2009 • Launch of E-commerce 2010 • Hits 100 stores 2015 Tie-up with Crocs • Exclusive tie up with Fitflop 2021 • Hits 600 stores • Listed on BSE, NSE 2022 • Acquired Cravatex Brands Ltd • Exclusive license for
Slide 6: Our story in numbers
Our story in numbers Company Facts Performance in Q1 FY26 8 Rs 628 crores store formats Revenue from operations 928 Rs 195 crores Stores EBITDA 31.0% EBITDA margin 31 72% States & Union territories Revenue contribution of in-house brands at MBOs 206 Cities 45% YOY growth Q1: 1 new city Ecommerce rev
Slide 7: 70+ years of market presence
70+ years of market presence KEY ENABLERS STRONG BRAND WIDE REACH CAPITAL-LIGHT COMPETENT OPERATIONAL PORTFOLIO BUSINESS MANAGEMENT EFFICIENCY A house of brands Pan-India presence through Long-standing Chairman Mr Rafique A. Among the few footwear addressing the customer's 928 Stores locat
Slide 8: One Stop Shop for all Footwear Needs
One Stop Shop for all Footwear Needs Jun’25 / Q1 FY26 (MBO) (MBO) (EBO) (MBO) (EBO) (EBO) (MBO) (EBO) Target Customer Family Youth Premium Value Format Premium Premium Premium Premium No. of. Stores 350 265 221 74 12 2 1 31 Cities 178 128 100 49 9 1 1 3 Price Range 1,000 – 10,000 1,000 – 10,000 1,50
Slide 9: One Stop Shop for all Footwear Needs: Network of Retail Outlets
One Stop Shop for all Footwear Needs Network of Retail Outlets (as of Jun’25) Store Count as of June 30, 2025 350 265 74 221 12 1 3 2 8 Note: The above map is not to scale and is for illustrative purposes only.
Slide 10: PAN India Presence with 928 Stores
One Stop Shop for all Footwear Needs PAN India Presence with 928 Stores I 206 Cities I 31 States and UTs (As of Jun’25) Zone wise1 Tier wise1 Location Wise1 West Tier III Metro South 31% 17% cities 32% 30% High Street 55% Airports 1% Tier II 26% North East Malls Tier I 24% 13% 44% 27% Primarily foll
Slide 11: Q1 FY26 Business Highlights
Brief Overview Q1 FY26 Business Highlights Metro’s Strengths Levers of growth Sustainability Initiatives & Others
Slide 12: Q1 Business Highlights
Q1 Business Highlights Standalone Consolidated In INR Crore Q1 FY26 Q1 FY25 YoY Growth% Q1 FY26 Q1 FY25 YoY Growth% Revenue 615 563 9.2% Revenue 628 576 9.1% EBITDA 193 180 6.9% EBITDA 195 181 8.0% EBITDA% 31.4% 32.0% EBITDA% 31.0% 31.3% PAT 97 92 4.6% PAT 99 92 7.1% PAT% 15.7% 16.4% PAT% 15.7% 16.0
Slide 13: Q1 Business Highlights (Standalone)
Q1 Business Highlights (Standalone) Revenue from Operations and Revenue per sq.ft Gross Profit and Gross Margins 4,500 4,300 5,150 4,750 4,350 60.0% 55.0% 59.1% 57.5% 59.7% 510 688 460 632 615 406 563 567 410 363 367 360 338 312 310 260 210 160 110 60 Q1 FY25 Q2 FY25 Q3 FY25 Q4 FY25 Q1 FY26 Q1 FY25
Slide 14: Q1 Business Highlights (Consolidated)
Q1 Business Highlights (Consolidated) Revenue from Operations Gross Profit and Gross Margins 703 59.5% 55.0% 58.6% 57.5% 59.3% 643 628 510 576 585 460 412 410 369 373 360 343 322 310 260 210 160 110 60 Q1 FY25 Q2 FY25 Q3 FY25 Q4 FY25 Q1 FY26 Q1 FY25 Q2 FY25 Q3 FY25 Q4 FY25 Q1 FY26 Rev from Ops (INR
Slide 15: Strategic partnership with Clarks
Strategic partnership with Clarks About Clarks C. & J. Clark International Limited (trading as Clarks) is a British footwear manufacturer and retailer founded in 1825. A global leader and pioneer in comfort footwear, Clarks operates 320 stores across the United Kingdom and Ireland, along with hu
Slide 16: BIS implementation update
BIS implementation update Implementation of Bureau of Indian Standards for footwear The Department for Promotion of Industry and Internal Trade (DPIIT) issued BIS Quality Control Order (QCO) for footwear which was mandatory from 1st January 2024 for most categories of footwear. This was subsequent
Slide 17: Update on new business formats
Update on new business formats Launch of Foot Locker Metro Brands Limited (MBL) signed a long-term licensing agreement with Foot Locker, Inc., the New York-based specialty athletic retailer in Q3 FY24. Within a year, the Company launched its first Foot Locker store in India, at New Delhi's Nexus
Slide 18: Year wise Store additions - Standalone
Year wise Store additions - Standalone Stores 586 +6% 624 +18% 739 +13% 836 +9% 908 +2% 928 70 # 20 928 97 115 38 551 35 Opened 56 75 131 110 79 23 Closed 21 37 16 13 9 3 FY20 FY21 FY22 FY23 FY24 FY25 Jun'25 Jun'25 FY20 FY21 FY22 FY23 FY24 FY25 Jun25 Metro 218 219 231 278 317 345 350 Mochi 145 145 1
Slide 19: Profit & Loss Statement (Standalone)
Profit & Loss Statement (Standalone) In INR Crore Particulars Q1 FY26 Q4 FY25 Q1 FY25 FY25 Revenue from Operations 615 632 563 2,450 Other Income 28 27 23 95 Total Income 643 659 586 2,545 EXPENSES Purchases of stock-in-trade 302 224 201 962 Changes in inventories of stock in trade (54) 45 24 69 Emp
Slide 20: Profit & Loss Statement (Consolidated)
Profit & Loss Statement (Consolidated) In INR Crore Particulars Q1 FY26 Q4 FY25 Q1 FY25 FY25 Revenue from Operations 628 643 576 2,507 Other Income 28 23 23 93 Total Income 657 666 599 2,600 EXPENSES Purchases of stock-in-trade 309 230 206 988 Changes in inventories of stock in trade (53) 44 27 73 E
Slide 21: Metro's Strengths
Brief Overview Q1 FY26 Business Highlights Metro’s Strengths Levers of growth Sustainability Initiatives & Others
Slide 22: Our Key Strengths
Our Key Strengths 1 One of India's largest pan India footwear retailers1 with a brand appeal among aspirational consumer segments 2 Pivoting from primarily "Offline" to an "Omni-channel" enabled footwear & accessories retailer 3 Wide range of brands and products catering to all occasions across age
Slide 23: One of India's largest pan India footwear retailers
1 One of India's largest pan India footwear retailers1 with a brand appeal among aspirational consumer segments 551 586 624 739 836 908 928 13% 14% 13% 16% 13% 15% 14% 15% 13% 14% 13% 15% 13% 15% 23% 21% 24% 22% 25% 23% 25% 22% 24% 22% 24% 23% 24% 23% …with diversified presence across regions2 31% 3
Slide 24: Pivoting from Offline to Omni-channel retailer
2 Pivoting from primarily "Offline" to an "Omni-channel" enabled footwear and accessories retailer E-commerce – Online & Omnichannel Majority of online business comes through leading e-commerce 2.2% 2.5% 8.1% 7.3% 14.5% 8.4% 7.6% 7.9% 11.0% 9.5% 10.4% 10.6% 13.7% marketplaces (Present on major E-c
Slide 25: Wide range of brands and products (1/2)
3 Wide range of brands and products catering to all occasions across age groups and market segments resulting in strong customer loyalty (1/2) Product presence across multiple categories through Own and Third party brands Own Brands Casual Formal Sports Accessories Third Party Brands Fila Pro ID Mar
Slide 26: Wide range of brands and products (2/2)
3 Wide range of brands and products catering to all occasions across age groups and market segments resulting in strong customer loyalty (2/2) Own Brands contribute ~ 70-75% of total store product sales at Targeting Mid and Premium Segment – Average Realization (Rs.) MBOs1 1,500 1,550 1,575 Q1 FY26
Slide 27: Asset light business with an efficient operating model
4 Asset light business with an efficient operating model leading to sustained profitable growth 1 2 3 4 Outsourced Leveraging scale Identification of Variable Cost Manufacturing of operations store location Structure One of the few footwear One of the highest gross Robust store selection Lea
Slide 28: Efficient operating model through vendor engagements and machine learning
5 Efficient operating model through deep vendor engagements and advanced machine learning model for supply chain Long Standing Relationships with Vendors • 250+ vendors dealt with over last 3 fiscal years • 20+ years of relationship with certain vendors Leveraging omni channel distribution New Desig
Slide 29: Platform of choice for third party brands looking to expand in India
6 Platform of choice for third party brands looking to expand in India We have exclusive rights FitFlop is renowned for Fila is one of the fastest- Foot Locker, Inc. is an New Era Cap, LLC. is to operate and own offering shoes designed for growing global sportswear American premium sports
Slide 30: Board of Directors
7 Board of Directors1 UTPAL HEMENDRA SHETH, ARVIND KUMAR SINGHAL, VIKAS VIJAYKUMAR KHEMANI, SRIKANTH VELAMAKANNI, Non-Executive Director (Nominee) Independent Director Independent Director Independent Director He is a Cost Accountant and Holds Bachelor of Engineering Fellow Member of ICAI, a C
Slide 31: Strong promoter background and experienced management team
7 Strong promoter background and an experienced and entrepreneurial management team with a proven track record RAFIQUE A. MALIK, FARAH MALIK BHANJI, ALISHA RAFIQUE MALIK, Chairman Managing Director President - Sports Division, E-Commerce and CRM Over 50 years of experience in the Over 20 years o
Slide 32: Strong track record of growth, profitability and financial discipline
8 Strong track record of growth, profitability and financial discipline Revenue from Operations Gross Profit and Gross Margins EBITDA and EBITDA Margins 17,500 16,800 10,150 15,450 19,800 18,700 18,200 54.9% 55.6% 54.9% 57.9% 58.1% 58.1% 57.7% 27.7% 27.5% 21.5% 30.6% 32.0% 29.8% 30.3% 2,357 2,507 1,
Slide 33: Levers of growth
Brief Overview Q1 FY26 Business Highlights Metro’s Strengths Levers of growth Sustainability Initiatives & Others
Slide 34: Key Strategies
Key Strategies 1 3 5 2 4 Store Inorganic E-Commerce Expansion Plans Opportunities Expansion Leverage Multi-brand Evaluation basis Target to open Leverage existing Leverage Sports & Platform targeted returns, sustainable and capabilities to increase Athleisure Segment profitable stores across operati
Slide 35: Sustainability Initiatives & Others
Brief Overview Q1 FY26 Business Highlights Metro’s Strengths Levers of growth Sustainability Initiatives & Others
Slide 36: CSR & Sustainability Initiatives (1/4)
CSR & Sustainability Initiatives (1/4) Processing of Old & Discarded Footwear (ODF) in an eco-friendly manner Under this project, ODF is collected & then sorted, cut, and again sorted material wise as below: • Rubber and Plastic materials are sent for recycling. • Other totally worn off parts are
Slide 37: CSR & Sustainability Initiatives (2/4)
CSR & Sustainability Initiatives (2/4) We are introducing digitized smart class We are enhancing English language skills We are supporting to increase the program and supporting some (reading, writing, speaking, listening) for employability quotient of more than 300 infrastructure creation / refurbi
Slide 38: CSR & Sustainability Initiatives (3/4)
CSR & Sustainability Initiatives (3/4) We are creating awareness and early detection of hypertension, diabetes & oral cancer through screening in ~1200 cobblers as well as other vulnerable communities. We distributed more than 1600 pairs of footwear to the underprivileged people residing in Wada tal
Slide 39: CSR & Sustainability Initiatives (4/4)
CSR & Sustainability Initiatives (4/4) We distributed more than 25000 pairs We are sponsoring school fees and We are sponsoring to construct a new of footwear and accessories to the counselling charges for more than 65 classroom to decongest the existing underprivileged people residing in the childr
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