Metro Brands leverages store expansion to drive Q2 topline

Specialty footwear and accessories retailer Metro Brands Limited delivered strong operational momentum in Q2 FY27, reporting a 12.2 per cent Y-o-Y in consolidated revenue to Rs 730 crore. Operating EBITDA expanded 15.9 per cent to Rs 198 crore, while net profit after tax reached Rs 77 crore, supported by premium price realizations and resilient consumer demand across multi-brand footwear chains. The gross margin expanded to 58.4 per cent during the first half, reflecting healthy category margins across footwear, bags, and athleisure accessories.

Omnichannel reach and network growth

Accelerated physical store additions alongside digital channel integration remain key commercial priorities for the footwear operator. The retailer’s footprint surpassed 1,053 exclusive stores across Tier-I to Tier-III Indian cities by late September 2026, while e-commerce and omnichannel fulfillment contributed 14.2 per cent to overall quarterly revenues. To enhance retail yields, a prominent multi-brand Metro store in Mumbai updated its inventory management system to unify physical and digital stock pools, resulting in a 15 per cent improvement in stock turnaround efficiency. Managing operating expenses across newly added retail locations and navigating shift in festive buying dates remain key operational headwinds. Focusing on premium product portfolios and disciplined retail network expansion enables sustainable growth across diverse footwear formats, states Farah Malik Bhanji, Managing Director.

Footwear retail profile

Founded in 1955, Metro Brands operates over 1,050 retail stores across India under brands including Metro, Mochi, MetroActiv, and Foot Locker. Delivering high-margin footwear and lifestyle accessories across urban markets, the company aims to sustain double-digit growth by accelerating omnichannel sales and expanding exclusive brand partnerships nationwide. year-on-year growth in consolidated revenue to Rs 730 crore. Operating EBITDA expanded 15.9 per cent to Rs 198 crore, while net profit after tax reached Rs 77 crore, supported by premium price realizations and resilient consumer demand across multi-brand footwear chains. The gross margin expanded to 58.4 per cent during the first half, reflecting healthy category margins across footwear, bags, and athleisure accessories.