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Metro Brands

Q2 FY26

Metro Brands Q2 FY26 earnings call: Revenue & Margins

Q2 FY26 earnings call: what management guided on revenue, margins and order book.

Price₹901

Market cap₹24.6K Cr

P/E60.4

Updated16 Oct 2026

Read4 min read

The short version

Metro Brands targets a 15%+ overall sales growth CAGR going forward. Metro Brands targets a sustained sales growth rate of 15%+ CAGR over the next few years, supported by store expansions and e-commerce growth.

From Metro Brands's Q2 FY26 earnings-call transcript · updated 16 Oct 2026.

Revenue & Sales Performance

Metro Brands targets a 15%+ overall sales growth CAGR going forward.
Volume growth is expected to contribute about 10%-12% of this growth.
Average Selling Price (ASP) growth targeted around 3%-4%.
Same-store sales growth (SSG) sustainably expected in the mid- to high-single-digit range.
Growth driven by expanding profitable store additions cautiously, focusing on clustering markets.
Online and marketplace sales growing at similar rates; 20% sales from own website, 80% from marketplaces.
Crocs brand expected to grow network by about 10% annually for 3-5 years.
Category-wise, Walkway store expansion is prioritized for Tier 2 and Tier 3 towns.

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Profitability & Margins

Metro Brands targets a sustained sales growth rate of 15%+ CAGR over the next few years, supported by store expansions and e-commerce growth.
Management expects EBITDA margins around 30%, with continued profitability in new formats like Foot Locker and Walkway.
Profit after tax is guided to grow approximately 15%, aligned with revenue and EBITDA growth.
Same-store growth (SSG) is anticipated in the mid- to high-single-digit range, driven by both volume (10-12%) and value (3-4%) growth.
New store additions, especially in profitable formats, and expansion in metro and Tier 1 cities are expected to drive future earnings.

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Capital Expenditure Plans

Capex during the year included about INR 60 crores spent on opening 60 new stores and renovating some existing ones.
Foot Locker stores require significantly higher capex than Metro Mochi stores.
Capex per store for Metro Mochi and similar formats remains in the usual range (around INR 50-60 lakhs).
New store additions and renovations are driving the current capital expenditure.
Inventory increase aligns with new store openings and launch of new formats like Clarks and Foot Locker.
Expansion plans include growing Crocs network by 10% annually for the next 3 to 5 years.
Foot Locker store expansion was limited recently due to BIS regulatory issues; expected resolution early next year might accelerate store additions.

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Fundraising & Capital Structure

No explicit mention of any current or planned fundraising through debt or equity during the call.
The management focuses on profitable store expansions funded through capex and internal accruals.
Capex discussed (around INR60 crore during the year) is primarily for new store openings and renovations, funded internally.
No references to new debt issuance, equity raising, or capital market activities in the provided transcript.

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Order Book & Pipeline

The document "1275121.pdf" does not provide any information regarding the current or expected order book or pending orders for Metro Brands Limited. The transcript and discussions primarily cover topics such as: - E-commerce growth and channel contribution - Store expansion plans, including Foot Locker and Walkway stores - Impact of GST changes on pricing and margins - Brand repositioning strategies (FILA, Clarks)

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Metro Brands — Quarterly revenue & net profit

Revenue Net profit

Dec 2024Q3 FY25

Mar 2025Q4 FY25

Jun 2025Q1 FY26

Sep 2025Q2 FY26

Dec 2025Q3 FY26

Mar 2026Q4 FY26

Reported quarterly figures (₹ Cr). Latest (Q4 FY26): revenue ₹773 Cr, net profit ₹118 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

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What Metro Brands Ltd's management said in earlier quarters

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Frequently Asked Questions

What were Metro Brands Q2 FY26 results?

Metro Brands targets a 15%+ overall sales growth CAGR going forward. Metro Brands targets a sustained sales growth rate of 15%+ CAGR over the next few years, supported by store expansions and e-commerce growth.

What is Metro Brands share price analysis?

Metro Brands currently shows a neutral. The stock trades at a P/E of 60.4 with a market cap of ₹24,551 Cr. Investors should review the full earnings analysis for detailed insights.

Is Metro Brands planning capital expenditure?

Capex during the year included about INR 60 crores spent on opening 60 new stores and renovating some existing ones.

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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.