Metro Brands Limited — Updates, 16-01-2025: Press Release

Metro Brands Limited reported steady growth for the quarter ending December 31, 2024. Standalone revenue reached ₹688 crore, reflecting a 10% year-on-year increase. The company's EBITDA margin stood at 32.6%, while net profit after tax (PAT) was impacted by a one-time tax charge of ₹25 crore, resulting in a 13.7% PAT margin.

During this period, Metro Brands expanded its retail presence by launching its first Foot Locker store and a New Era kiosk, enhancing its customer engagement through new celebrity partnerships. The company opened 61 new stores over the nine months, although this is below the planned guidance. Despite this, it remains committed to achieving 225 store openings by FY26.

Looking forward, CEO Nissan Joseph expressed optimism about operational progress, ongoing brand visibility efforts, and overall value delivery. The company continues to focus on expanding its footprint and enhancing customer experiences as it prepares for the final quarter of FY 2025.