Metro Brands shareholders approved the FY26 financial results at its 49th annual general meeting held on September 16, 2026. The footwear retailer reported consolidated revenue from operations of ₹2,864 crore, a 14.2% increase year-on-year.

Profit after tax (PAT) rose 17.3% to ₹416 crore, while EBITDA grew 14.5% to ₹869 crore, maintaining an EBITDA margin of 30.3%. The Board declared a final dividend of ₹3 per equity share, in addition to the interim dividend of ₹3 per share already paid.

Financial Performance

The company demonstrated accelerating growth momentum during the fiscal year. Revenue expansion strengthened progressively, starting at 9% in Q1FY26 and reaching 20% in Q4FY26. This acceleration occurred despite continued investments in store expansion, marketing, technology, and newer retail formats.

What the Numbers Show

PAT growth outpaced top-line revenue growth by approximately 3 percentage points (17.3% vs 14.2%), even as the company maintained its EBITDA margin at 30.3%. This divergence suggests that factors beyond operating leverage—such as lower effective tax rates or higher other income—contributed to the bottom-line expansion, as operating margins remained stable despite significant capex in new stores and formats.

Operational Highlights

Metro Brands crossed the milestone of 1,000 stores during FY26. The network expanded by 124 net additions, with 147 new stores opened and 23 closed, bringing the total year-end count to 1,032 outlets.

E-commerce emerged as a significant growth driver, with digital revenue surging 39% to contribute 12.9% of overall sales. The integration of physical and digital networks supported this expansion, alongside investments in supply chain infrastructure and AI-driven decision-making tools.

Strategic Initiatives

The company broadened its portfolio through partnerships in comfort footwear, sneaker culture, sports performance, and athleisure. Key brands under the Metro Brands umbrella include MetroActiv, Foot Locker, FILA, New Era, and Clarks.

Sustainability remained a core focus, with the company achieving full recycling coverage for all footwear sold during the year through its scaled recycling programme.

Governance and Resolutions

Shareholders approved several key resolutions at the AGM:

• Re-appointment of Ms. Alisha Rafique Malik as Whole-time Director.
• Re-appointment of Ms. Farah Malik Bhanji as Managing Director.
• Appointment of Mr. Sonny Iqbal as Independent Director.
• Approval of remuneration for Non-Executive Chairman Mr. Rafique Abdul Malik.
• Amendments to the 'METRO Stock Option Plan 2008' and approval of the 'Metro Brands Limited – Employee Stock Option Scheme 2026'.

The Statutory Auditors' Report and Secretarial Auditors' Report for FY25-26 contained no qualifications or adverse remarks.

Metro Brands has disclosed the outcome of its group meeting with analysts and institutional investors held on September 2, 2026. The company confirmed that representatives from Goldman Sachs and HDFC Life Insurance attended the physical session.

The engagement took place as part of the Ashwamedh - Elara India Dialogue 2026 Conference in Mumbai. The session ran from 3:00 pm to 6:00 pm. Metro Brands issued the disclosure on September 2, 2026, pursuant to Regulation 30 (6) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Meeting Details

The company had previously intimated the schedule on August 27, 2026. Deepa Sood, Chief Legal Officer, Company Secretary & Compliance Officer, signed the disclosure confirming the attendees. All discussions during the session were based on generally available information, adhering to the company's Code of Conduct for Prevention of Insider Trading.

The intimation is available on the company's website and was filed with both the BSE and NSE.