Metro Brands Limited has announced its audited financial results for the fiscal year ended March 31, 2026 (FY26), reporting a 14.2% year-on-year increase in consolidated revenue from operations to ₹2,864 crore. The company's Profit After Tax (PAT) for the period grew by 17.3% to ₹416 crore, compared to ₹354 crore in the previous fiscal year. The growth was driven by a strong performance in the fourth quarter, where revenue rose by 20.3% to ₹773 crore and PAT increased by 23.5% to ₹118 crore.

Consolidated Financial Performance

The company's EBITDA for FY26 stood at ₹869 crore, a 14.5% increase from ₹759 crore in FY25, while the EBITDA margin remained stable at 30.3%. For the fourth quarter of FY26, EBITDA reached ₹238 crore, up 20.5% year-on-year, with a margin of 30.8% compared to 32.44% in the same quarter of the previous year. The company noted that Q4 growth was driven by festive and wedding season demand, supported by a reduction in GST rates for footwear below ₹2,500.

The following table summarises the full-year and quarterly financial performance:

Operational Highlights and Expansion

During FY26, Metro Brands opened 147 new stores while closing 23, resulting in a net addition of 124 stores. The total store count reached 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. In the fourth quarter alone, e-commerce sales grew by 53%, contributing 12.2% to revenue.

The company also 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. Additionally, the PAT for FY26 included an expense of ₹3.39 crore due to an increase in actuarial provision related to the implementation of the New Labour Code.

Strategic Initiatives and Partnerships

Metro Brands continued to expand its portfolio through strategic partnerships and new formats. The company launched MetroActiv, a multi-brand retail destination for sports performance, and expanded 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.

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. The addition of new stores, including FILA EBOs, along with expanded warehousing capacity, positions us well to serve evolving consumer needs more efficiently."

Metro Brands has announced the appointment of M/s. PricewaterhouseCoopers Services LLP as its Internal Auditor. The decision was taken by the Board of Directors during a meeting held on May 20, 2026, based on the recommendation of the Audit Committee.

The appointment is for a term of three financial years, covering FY 2026-27, FY 2027-28, and FY 2028-29. PwC India, a leading professional services network, will provide assurance, tax, consulting, and advisory services to the company.

Appointment Details

The table below outlines the key details regarding the new appointment:

The company has disclosed that there are no specific relationships between directors requiring additional disclosure under the relevant circulars. This information has been submitted to the BSE Limited and the National Stock Exchange of India Ltd in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.