Metro Brands Limited reported a consolidated net profit of ₹95.26 crore for the quarter ended June 30, 2026, marking a 3.6% decline from ₹98.80 crore in Q1FY25. Despite the profit dip, revenue from operations expanded by 14.8% year-on-year to ₹720.36 crore, driven by growth in its fashion footwear and accessories business. EBITDA for the quarter rose to ₹2.1B rupees from ₹1.9B in the same period last year, though the EBITDA margin contracted to 30.02% from 31.4% YoY, reflecting rising cost pressures. The Board of Directors approved these unaudited financial results on August 04, 2026, alongside key governance changes including the appointment of a new independent director and the launch of an updated employee stock option plan.

The company's standalone profit after tax stood at ₹914M rupees, compared to ₹966M rupees in the corresponding period last year. Standalone revenue from operations was ₹7B rupees, up from ₹6.15B rupees YoY. The divergence between top-line growth and bottom-line contraction highlights margin pressure, with total expenses rising faster than revenue. Consolidated profit before tax decreased slightly to ₹126.75 crore from ₹130.82 crore in Q1FY25, while tax expense remained relatively stable at ₹31.49 crore.

Financial Performance Highlights

The table below summarises key consolidated and operational metrics for the quarter:

On a standalone basis, earnings per share (basic) fell to ₹3.35 from ₹3.55 in Q1FY25. Employee benefits expense increased to ₹75.89 crore (consolidated) from ₹62.96 crore in the prior year, reflecting higher staffing costs. Finance costs remained flat at ₹29.62 crore, while depreciation and amortization expenses rose to ₹84.97 crore from ₹68.84 crore, indicating continued capital investment in infrastructure or stores.

Governance and Corporate Actions

The Board appointed Mr. Sonny Iqbal as an Additional Director in the capacity of Non-Executive Independent Director, effective August 05, 2026, for a five-year term subject to shareholder approval. Mr. Arvind Kumar Singhal ceased to be an Independent Director on August 10, 2026, upon completing his second five-year term. Ms. Farah Malik Bhanji was recommended for re-appointment as Managing Director for a five-year term starting April 01, 2027.

Additionally, the Board approved the 'Metro Brands Limited - Employee Stock Option Scheme 2026' (ESOS 2026), which covers 54,50,000 equity shares. The exercise price will be 50% of the Volume-Weighted Average Price (VWAP) of the previous quarter. The company also granted 1,02,993 options under the existing ESOP 2008 during the quarter. The 49th Annual General Meeting is scheduled for September 16, 2026, where shareholders will vote on these resolutions and the final dividend for FY25-26, with September 04, 2026, as the record date.

Metro Brands has announced the scheduling of its Q1 earnings call, set to take place on August 4 at 3:30 PM. The announcement signals the company's upcoming disclosure of its quarterly financial results to investors, analysts, and other stakeholders.

Earnings Call Details

The following details have been announced regarding the upcoming earnings call:

The earnings call will serve as a platform for Metro Brands to present its Q1 financial performance and address queries from the investment community. Stakeholders are expected to gain insights into the company's quarterly results during this scheduled interaction.