Metro Brands Limited (MBL) is recognized as one of **India's largest specialty footwear retailers**, operating across both premium and economy categories. The company offers a diverse range of footwear and accessories, including formal and casual shoes, sandals, slippers, boots, sneakers, ethnic footwear, belts, wallets, socks, and shoe care products. Founded in **1955** as Metro Shoes Limited, the company changed its name to Metro Brands Limited in September 2018 and is headquartered in Mumbai, India.
Building on over seven decades of experience, MBL has established itself as a prominent player in India's retail landscape. The first Metro store opened in Mumbai in 1955. As of March 31, 2025, the company operated **908 stores across 205 cities** spread across 31 states and union territories in India, complemented by a rapidly growing online presence.
Metro Brands operates through a diverse portfolio of both **owned and franchised brands**, catering to various customer segments and price points. Its owned brands include **Metro, Mochi, Walkway, and daVinchi**. The company also retails third-party brands such as **Crocs, Foot Locker, FILA, FitFlop, Cheemo, Proline, Vans, and Biofoot**, offering footwear for men, women, unisex, and kids.
The company's retail strategy effectively integrates physical stores with digital channels. Metro Brands markets its products through its official websites and leading e-commerce portals. The **e-commerce segment** has shown remarkable growth, demonstrating a **45% surge in Q4 FY25**, which significantly contributed to the company's robust revenue growth of over 10% for the quarter.
Metro Brands has demonstrated resilience in its financial performance. As of recent data, the **market capitalization stands at ₹30,932 Crore**, positioning it as a significant player in the retail sector.
* Consolidated net profit fell **38.7% to ₹95 Crore** in Q4 FY25, compared to Q4 FY24.
* Revenue increased **10.3% to ₹643 Crore** in Q4 FY25, compared to Q4 FY24.
* Standalone revenue was **₹632 Crore**, with an EBITDA margin of **31.1%**.
* In the quarter ending December 2024, Metro Brands Ltd declared a **dividend of ₹3** per share, translating to a dividend yield of 1.73%.
* Consolidated net profit for FY25 was **₹354 Crore (down 14.7% YoY)**.
* Consolidated revenue for FY25 was **₹2,507 Crore (up 6.4% YoY)**.
* Operating revenue on a trailing 12-month basis was **₹2,447.60 Crore**.
* The company achieved an **EBITDA margin of 30.3%** for the full year.
* **Market Capitalization:** ₹30,932 Crore
* **FY25 Consolidated Revenue:** ₹2,507 Crore (up 6.4% YoY)
* **FY25 Consolidated Net Profit:** ₹354 Crore (down 14.7% YoY)
* **Q4 FY25 Revenue:** ₹643 Crore (up 10.3% YoY)
* **Q4 FY25 Net Profit:** ₹95 Crore (down 38.7% YoY)
* **FY25 EBITDA Margin:** 30.3%
* **Q4 FY25 E-commerce Growth:** 45%
* **Promoter Holding:** 71.88% (as of March 2025)
Metro Brands has been actively pursuing strategic partnerships and expansion initiatives to strengthen its market position. A key development is the securing of **exclusive long-term distribution rights for Clarks in India and neighboring countries**. Under this agreement, Metro Brands will serve as Clarks' exclusive Retail and Digital Partner for India and neighboring countries, including Bangladesh, Bhutan, Nepal, Maldives, and Sri Lanka. The company will manage Clarks' e-commerce operations in India, including the official Clarks India website and all digital commerce platforms, and holds exclusive rights to sell Clarks in all offline channels, including Clarks mono-branded stores.
The company has maintained its expansion momentum, successfully crossing the milestone of its **900th store in Q4 and in March 2025**. Metro Brands Ltd targets a **long-term revenue CAGR of 12-15%**, driven by strong consumer sentiment and the significant **45% increase in e-commerce sales in Q4 FY25**.
Under the leadership of **CEO Nissan Joseph**, Metro Brands has navigated various market challenges while maintaining its growth trajectory. Joseph noted, "Despite macroeconomic challenges, including fewer wedding dates, muted election-related spending, and extreme weather conditions in the first half, we witnessed a recovery in H2 to report a 6.4% overall growth for the year."
The management remains optimistic about achieving a **long-term revenue CAGR of 15% to 18%**, focusing on profitable store openings and maintaining financial discipline. The company's strategic emphasis on digital expansion, brand partnerships, and optimization of its store network positions it well for sustainable growth in India's evolving retail landscape.
The **promoter holding in Metro Brands Ltd decreased to 71.88% as of March 2025**, from 74.16% as of June 2024. This indicates a healthy balance between promoter control and public participation in the company's equity structure.
Metro Brands' strong market position is underscored by its extensive retail network and diverse brand portfolio, making it a significant player in India's organized footwear retail sector. With its dual focus on traditional retail and burgeoning digital commerce channels, the company continues to adapt to changing consumer preferences while upholding its commitment to quality and customer satisfaction.
