Metro Brands Limited , a prominent player in the Indian footwear retail sector, recently participated in a high-profile investor event, showcasing its commitment to engaging with institutional stakeholders. The company's representatives attended the J.P. Morgan India Consumption Forum, where they held a group meeting with over 20 institutional investors and asset management firms.

Meeting Details

The meeting provided a platform for Metro Brands to interact with a diverse group of institutional investors. The physical meeting was attended by representatives from renowned financial institutions and asset management companies, including:

• Alliance Bernstein
• Goldman Sachs Asset Management
• Fidelity International
• ICICI Prudential AMC
• Citadel Asset Management
• APG Asset Management
• Balyasny Asset Management LLP
• Birla Sun Life Asset Management Company
• Carrhae Capital
• E Fund Management Co., Ltd.
• Eastspring Investments
• Eurizon Capital SGR
• Fullerton Fund Management
• Greenwoods Asset Management Ltd
• Nikko Asset Management Asia Limited
• Nippon Life India Asset Management Limited
• North Rock Capital Management, LLC
• Select Equity Grp Inc
• White Oak Capital Partners Pvt Ltd
• William Blair Investment Management, LLC

Compliance and Transparency

Metro Brands emphasized its commitment to regulatory compliance and transparency during the investor meeting. The company stated that all discussions were conducted based on generally available information, in strict accordance with Metro Brands' Code of Conduct for Prevention of Insider Trading. This approach ensures that all investors have equal access to information and maintains the integrity of the company's communication with the financial community.

Significance of the Event

The participation of Metro Brands in the J.P. Morgan India Consumption Forum highlights the company's proactive approach to investor relations. By engaging with a wide range of institutional investors, Metro Brands demonstrates its commitment to maintaining open lines of communication with the financial markets and keeping investors informed about the company's performance and strategies.

The presence of major global and domestic asset management firms at the meeting suggests a strong interest in Metro Brands among institutional investors. This engagement could potentially lead to increased visibility for the company in the investment community and may contribute to its long-term shareholder value creation efforts.

As Metro Brands continues to navigate the dynamic retail landscape in India, such investor meetings play a crucial role in building and maintaining relationships with key stakeholders in the financial markets. The company's participation in high-profile forums like this one underscores its position as a significant player in the Indian consumption story and its commitment to transparent and effective investor communication.

Metro Brands Limited , a prominent player in the Indian footwear retail sector, has announced a significant corporate governance update following its 48th Annual General Meeting (AGM) held on September 18, 2025.

Key Highlights

• Director Re-appointment: Shareholders approved the re-appointment of Mohammed Iqbal Hasanally Dossani as Whole-Time Director for a five-year term starting June 25, 2026.
• Financial Performance: The company reported a revenue growth of 6.40% to ₹2,507.00 crores in the previous fiscal year.
• Store Expansion: Metro Brands crossed the 900-store mark, ending the year with 908 stores after adding 70 net new locations.
• E-commerce Growth: Online sales grew by approximately 20%, contributing 10.60% to total revenue.
• Strategic Partnerships: The company launched India's first Foot Locker store and entered into agreements with New Era Cap, LLC and Clarks.

Director Re-appointment Details

Mohammed Iqbal Hasanally Dossani, who has been associated with Metro Brands since November 26, 2020, received shareholder approval for his re-appointment as Whole-Time Director. His new term will commence on June 25, 2026, and last for five years.

Dossani brings a wealth of experience to his role, holding a bachelor's degree in commerce from the University of Mumbai and having completed a course on rhetoric and public speaking from Harvard University. His contributions to the company include:

• Launching Biofoot, India's first foot wellness solution
• Spearheading CRM implementation and RFID adoption initiatives
• Serving on the boards of several Metro Group companies

Company Performance and Strategy

During the AGM, Managing Director Farah Malik Bhanji highlighted the company's performance in a challenging operating environment. Despite mixed conditions, Metro Brands achieved:

• Revenue growth of 6.40% to ₹2,507.00 crores
• EBITDA of ₹760.00 crores with an improved margin of 30.30%
• Gross margins of 57.70%
• Profit after Tax of ₹354.00 crores (impacted by one-time tax adjustments in the FILA business)

The company's in-house brands contributed 74% of the total revenue, underscoring the strength of Metro Brands' proprietary offerings.

Expansion and Strategic Initiatives

CEO Nissan Joseph outlined several key strategic moves:

1. Store Expansion: The company added 70 net new stores, bringing the total to 908 locations.
2. E-commerce Push: Online sales grew by about 20%, now accounting for 10.60% of total revenue.
3. New Partnerships:
   • Launched India's first Foot Locker store
   • Signed a long-term distribution agreement with New Era Cap, LLC
   • Announced a partnership with Clarks in June 2025

Future Outlook

Metro Brands expressed confidence in achieving medium to long-term revenue growth of 15-18%. This optimism is based on:

• Rebound in demand observed in the second half of the previous fiscal year
• Supportive government measures, including GST rate reductions and revised income tax slabs
• Expected lower interest rates to boost consumption

The company remains committed to enhancing customer experiences, delivering long-term stakeholder value, and building a sustainable future in the competitive footwear retail market.

With these strategic moves and a focus on both offline and online growth, Metro Brands appears well-positioned to capitalize on the evolving retail landscape in India's footwear sector.