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Metro Brands Ltd share Price

Company details

6M Return 60.64%
1Y Return 39.71%
Mkt Cap.(Cr) 34,385.22
Volume 3,960,425
Div Yield 0.32%
OI Chg %
Volume 3,960,425

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Footwear company Metro Brands announced Q11FY24 results:

  • Standalone revenue of Rs 556 crore, representing a growth of 11.7% over Q1FY23 with a strong 19.1% PAT margin, and a stable 35% EBITDA margin.
  • The e-commerce segment registered its highest-ever quarterly sales with 63% growth over Q1FY23 and a CAGR of 71% over the last 4 years.
  • The company achieved an impressive increase in standalone EBITDA, reaching Rs 194 crore.
  • In the context of demand experienced last year, Q1FY24 witnessed going against pent-up demand post-Covid and a higher number of wedding days in Q1FY23.
  • The company has opened 27 new stores, expanding its presence to 182 cities (8 new cities covered in Q1FY24). It remains dedicated to continuous growth, seeking opportunities to create value for both customers and shareholders.

Commenting on the performance of the company, Nissan Joseph, CEO, Metro Brands, said, "I am pleased with our results as we finally entered a normalized quarter for the retail business. We experienced remarkable growth, surpassing pre-pandemic performance by 82%. Embracing the digital landscape allowed us to expand our reach and explore new markets with new brick-and-mortar stores and e-commerce channels. We remain confident in our strategic positioning of focusing on the premium consumer to drive growth.”


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Operating Profit
Profit after Tax
Reserves and Surplus
Operating Profit
Profit after Tax

Metro Brands Ltd Stocks COMPARISION


Equity Capital: 1,547.71 Cr FV: 5.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 16,852.71 -20,671.82
LAST 3M 52,922.55 -3,405.64
LAST 6M 58,662.39 139,660.95
LAST 12M 135,235.34 165,245.59
Metro Brands Limited - Trading Window

Sep 29, 2023 l NSE Announcement

Metro Brands Limited - Analysts/Institutional Investor Meet/Con. Call Updates

Sep 28, 2023 l NSE Announcement

Metro Brands Limited - Clarification

Sep 27, 2023 l NSE Announcement

Date Action Type Ratio
Sep 01, 2023 Dividend 30
Jan 27, 2023 Dividend 50
Aug 29, 2022 Dividend 15

Metro Brands Ltd Information

Stock PE (TTM)
Promoter Holding
Book Value
  • Metro Brands Limited was originally incorporated as Metro Shoes Private Limited on 19 January 1977, at Mumbai, Maharashtra. Thereafter, the company converted into a Private Limited Company and name was changed to Metro Shoes Private Limited with effect from 16 October 2002. Subsequently, the Company was again changed to Metro Shoes Limited on 21 March 2007. A fresh Certificate of Incorporation consequent to change of name was issued by the RoC on 14 May 2007. Thereafter, name of the Company was further changed to Metro Brands Limited on 06 September 2018. The Company is a retailer in fashion footwear, bags and accessories operating into premium and economy category. Metro Brands is one of the largest Indian footwear speciality retailers, and are among the aspirational Indian brands in the footwear category. The Company retails footwear under its own brands of Metro, Mochi, Walkway, Da Vinchi and J. Fontini, as well as certain third-party brands such as Crocs, Skechers, Clarks and Fitflop, which complement the in-house brands. The company opened its first store under the Metro brand in Mumbai in 1955, and have since evolved into a one-stop shop for all footwear needs, by retailing a wide range of branded products for the entire family including men, women, unisex and kids, and for every occasion including casual and formal events. As of 31 March 2022, the company operated 624 Stores across 142 cities spread across 30 States and Union Territories in India. The company retail footwear under its own brands of Metro, Mochi, Walkway, Da Vinchi and J. Fontini, as well as certainthird-party brands such as Crocs, Skechers, Clarks, Florsheim, and Fitflop, which complement its in-house brands.The company also offer accessories such as belts,bags, socks, masks and wallets, at its stores. The company also retail footcare and shoe-care products at its stores through the joint venture, M. V. Shoe Care Private Limited. The Company commenced business in the year 1986 with few Showrooms, and currently has showrooms in the major cities of India. During the year 2003-04, the company opened 5 new showrooms at Hyderabad, Vashi, Bangalore and Kolkata. In November 2003, the company launched `Signatures by Metro` a premium range of footwear collections exclusively designed by the renowned Fashion Designers Rohit Bal, Manish Malhotra and Azeem Khan for the luxury fashion-conscious customers. They re-started the business after full renovations in their showroom at Abids, Hyderabad, with effect from May 28, 2004. During the year 2005-06, the company expanded their network by opening 13 new showrooms. They successfully re-started business after full renovations in their Showrooms at Pune (Deccan Gymkhana) on August 12, 2005 and Mumbai (Crawford Market) on September 13, 2005. In February 23, 2006, they celebrated their `50 Stores Opening Ceremony` in Mumbai. During the year 2006-07, the company expanded their network by opening 11 new Showrooms. They discontinued their operations in 1 showroom. They opened their first showrooms in Jalandhar, Gurgaon, and Coimbatore. In December 2006, they started their operations in Dehradun in Uttarakhand in addition to Byculla unit. During the year, the company completely renovated their Showrooms at Pune (M.G.Road), Ahmedabad (Relief Road), Surat (Bhaga Talao) and Mumbai (Linking Road). Also, they opened the renovated and expanded Showroom at Brigade Road, Bangalore which is the Largest Shoe Showroom in Bangalore. During the year, the company received a prestigious award from Franchise India, `the Best Retailer in Footwear Category` for excellence in franchising and business development. In May 14, 2007, the company was converted back into a public limited company. During the year 2007-08, the company expanded their network by opening 14 new Showrooms. They discontinued their operations in 2 Showrooms. They opened their first showrooms in Bhopal, Calicut, Jaipur, Mangalore, Nasik, Noida and Varanasi. They renovated and expanded Showroom at Chennai (T. Nagar) and started the business during the year. During the year, the company was awarded the prestigious `Franchise Awards` for the second consecutive year for being the best retailer in Footwear category. They were rated as one of the most powerful brands in India by `RETAILERS` magazine in their March 2008 issue. During the year 2008-09, the company opened 7 new Showrooms in the cities of Ambala, Bangalore, Mumbai, Pune, Vashi and Vijayawada. They opened their first showroom in the cities of Vijayawada and Ambala. They received ISO 9001-2008 certification for all their activities at their Corporate Office, Warehouse and Colaba Showroom. During the year 2009-10, the company opened 26 showrooms in the cities of Amritsar, Aurangabad, Bangalore, Chennai, Delhi, Hyderabad, Jaipur, Jodhpur, Kalyan, Kolkata, Mumbai, Nagpur, Nasik, Pondicherry, Pune, & Thane. They renovated the showrooms at Oberoi Grand Arcade, Kolkata and one at Sector 17, Chandigarh. During the year, the company promoted Metmill Footwear Pvt Ltd, a 51% subsidiary of the company jointly with Sunil Shah of Millenium Marketing for taking over their footwear business in Shoppers Stop, a leading retail chain of India. The company opened new stores under the brand `MSL`. They opened the first store in Secunderabad. During the year, 5 MSL stores opened in Aurangabad, Hyderabad, Secunderabad and Pune. The company launched E-commerce website `www.metroshoes.net` from October 1, 2009. During the year, the company won `Brand Leadership` Award from Chief Marketing Officer (CMO) Council. The company also received the `Brand Leadership` Award in Footwear Category at World Brand Congress 2009 held at Mumbai. During the year 2010-11, the company opened 15 Showrooms in the cities of Allahabad, Amritsar, Baroda, Chennai, Bangalore, Guwahati, Lucknow, Hyderabad, Mumbai and Varanasi. They closed 1 store at Kakade Center Port, Pune due to closure of mall. Thus, the company expanded their number to 121 in 38 major cities. During the month of December 2021, the Company came out with an Rs 1367-crore Public Issue which comprised a fresh issue of Rs 295 crore and an offer for sale (OFS) of Rs 1072 crore by the selling shareholders.The IPO shares were allotted at the price of Rs 500 per share including a premium of Rs 495 per share ans the allotted shares were listed on the BSE Ltd and National Stock Exchange of India Ltd(NSE) on 22 December 2021. In April 2022, the 1st FitFlop EBO store was launched in Chennai. It reached 600- store landmark. During FY 2022-23, the Company acquired 100% stake in Metro Athleisure Limited (MAL), which consequently was made a wholly owned subsidiary of the Company effective from December 1, 2023. The Company opened 144 new stores including relocation of 13 existing stores, which reached 739 at the end of the FY.

Registered Address

401 Zillion 4th Floor, LBS Marg & CST Road Junction, Mumbai, Maharashtra, 400070

Tel : 91-22-2654 7700
Email : investors.relations:metrobrands.com/info:metrobran
Website : http://www.metrobrands.com

Link Intime India Pvt Ltd

AGM Date (Month) : Sep
Face Value Equity Shares : 5
Market Lot Equity Shares : 1
BSE Code : 543426
Book Closure Date (Month) :
BSE Group : A
ISIN : INE317I01021

FAQ’s on Metro Brands Ltd Shares

You can buy Metro Brands Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Metro Brands Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Oct 03, 2023 03:59 PM the closing price of Metro Brands Ltd was ₹ 1,265.40.

Market capitalization or market cap is determined by multiplying the current market price of a company’s shares with the total number of shares outstanding. As of Oct 03, 2023 03:59 PM, the market cap of Metro Brands Ltd stood at ₹ 34,385.22.

The latest PE ratio of Metro Brands Ltd as of Oct 03, 2023 03:59 PM is 98.51

The latest PB ratio of Metro Brands Ltd as of Oct 03, 2023 03:59 PM is 0.05

The 52-week high of Metro Brands Ltd is ₹ 1,298.80 while the 52-week low is ₹ 736.05

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