Arthneeti

Metro Brands Q2 FY27 Share Price & Earnings Call Analysis

₹822.00-0.37% today
Market cap
₹22,399 Cr
P/E
54.03
ROE
22.08%
PEG
11.87
Price to sales
7.37
Debt to equity
0.76
52W high / low
₹1,207 / ₹805
Sales growth (5Y)
29.05%
EBITDA margin
30.15%
Net profit margin
14.44%
Promoter holding
71.78%
Sales (last year)
₹3,035 Cr

The company is one of the largest Indian footwear & accessories specialty retailers and are among the aspirational Indian brands in the footwear category.Its a one-stop shop for of branded products for the entire family, including men, women, unisex, and children, and for every occasion, including casual and formal events.[1]

Guidance scorecard · Q2 FY27 call

What Metro Brands Ltd's management guided
and where it ranks in Consumer Durables

#54of 86 in
Consumer Durables
Revenue10–20%MarginsFlatCapexPlannedFundraisingWhat management saidOrder bookWhat management said

RevenueQ2 FY27 call

10–20%
  • Metro Brands expects steady like-for-like sales growth driven by inflation/ASP increases and volume growth from new stores and formats.
  • Expansion focus on profitable store additions rather than fixed growth numbers; historically opening 100+ stores/year but now more selective.
  • FILA brand expansion to accelerate from FY '28 with sharper pricing and brand positioning strategies.
  • New formats like Clarks and Foot Locker expected to contribute meaningfully from H2 onwards and next financial year, supporting growth.
  • Walkway stores productivity improving gradually with ongoing tweaks; confidence growing for further expansion.
  • Crocs business continues steady growth; company optimistic despite Crocs opening limited own stores.

2 more points from Metro Brands Ltd's call on revenue

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Full Q2 FY27 analysis

MarginsQ2 FY27 call

Flat

See what Metro Brands Ltd said on margins — free account, 30 seconds.

Full Q2 FY27 analysis

CapexQ2 FY27 call

Planned
  • Capex guidance for FY '27 and FY '28 is projected to be in the range of INR 80 crores to INR 100 crores.
  • This capex includes remodeling activities as well as new investments.
  • The company is making continued investments in talent and marketing to drive growth.
  • Investments in newer formats like Clarks and Foot Locker are ongoing, with expansion plans underway.
  • The company expects better absorption of costs and improved throughput from these investments starting next financial year.

2 more points from Metro Brands Ltd's call on capex

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Full Q2 FY27 analysis

FundraisingQ2 FY27 call

See what Metro Brands Ltd said on fundraising — free account, 30 seconds.

Full Q2 FY27 analysis

Order bookQ2 FY27 call

Ask what Metro Brands Ltd said on the order book →

Full Q2 FY27 analysis
Full Consumer Durables ranking

Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.

Potential multibaggers · Q2 FY27

Potential multibaggers in Consumer Durables
on management's own guidance

  1. Strong growth
    2
  2. Strong growth
    1
  3. Strong growth
    3
See all potential multibaggersWhere does Metro Brands Ltd rank?

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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.

Peers

Consumer Durables companies ranked on guidance

#CompanyRevenue guidedMargin guidedMarket capP/E
140%+Up 2%+₹166 Cr20.3
240%+Up 2%+₹100 Cr12.7
340%+Up 0–2%₹3,249 Cr17.4
440%+Up 0–2%₹2,081 Cr18.8
540%+Flat₹2,429 Cr41.1
640%+Flat₹2,163 Cr25.6

Sign up free to see every company in the sector ranking and track Metro Brands Ltd.

Pro shows every company guiding 40%+ revenue growth →Full Consumer Durables ranking

Financials of Metro Brands Ltd

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Financials of Metro Brands Ltd

Quarterly Results

Quarter-by-quarter operating performance

Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales +544583556636583576585703643628651811773
Expenses +401396400437424396431478446434480546535
Operating Profit144187155199159180155225197194171265238
OPM %26%32%28%31%27%31%26%32%31%31%26%33%31%
Other Income +19141616262324242329281732
Interest18182020202122232424292929
Depreciation50545759596062667069788084
Profit before tax95128951361051239416012613191173157
Tax %28%28%29%28%-48%25%24%41%24%24%24%25%25%
Net Profit +69946899156927295959969130118
EPS in Rs2.523.422.453.605.713.372.563.483.483.622.494.714.28

Financials of Metro Brands Ltd

Profit & Loss

Annual income statement trend

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Sales +7328039101,0751,2171,2858001,3432,1272,3572,5072,864
Expenses +6006637588488809306259301,4471,6531,7481,996
Operating Profit132140152227337355175412680704759867
OPM %18%17%17%21%28%28%22%31%32%30%30%30%
Other Income +679819237655536993106
Interest110034404550637990111
Depreciation1213162094121122134181229258311
Profit before tax12513314421522821885283489465504551
Tax %34%34%35%34%34%27%23%25%26%11%30%25%
Net Profit +82879514215316165214365415354416
EPS in Rs55.8357.6761.8094.3911.1311.802.577.7913.3015.1712.8815.09
Dividend Payout %21%22%22%21%22%25%58%29%30%33%155%40%

Financials of Metro Brands Ltd

Balance Sheet

Capital structure and asset base

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital15151515133133133136136136136136
Reserves3183814495625176756951,1291,4121,7281,5731,857
Borrowings +83364245495676929431,0981,2271,570
Other Liabilities +114118170189247261265348416391398452
Total Liabilities4555176367721,3221,6171,6592,3052,9063,3533,3344,015
Fixed Assets +1221351721855937087248481,3021,4821,6021,989
CWIP014641356189914
Investments377683185210348400401478750550673
Other Assets +2963053773975155485321,0501,1091,1111,1731,340
Total Assets4555176367721,3221,6171,6592,3052,9063,3533,3344,015

Financials of Metro Brands Ltd

Cash Flows

Operating, investing and financing cash movement

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity +82155196273265220381590698474
Cash from Investing Activity +-83-94-67-163-122-301-52-251122-100
Cash from Financing Activity +-1-50-132-112-127116-359-323-773-436
Net Cash Flow-110-4-11635-301647-62
Free Cash Flow24121137229241172289479611335
CFO/OP87%98%82%94%163%71%77%96%110%70%

Financials of Metro Brands Ltd

Ratios

Working capital efficiency and return ratios

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days111013131620231318121313
Inventory Days230218221214243241293284276274228259
Days Payable928289108129129207141126998184
Cash Conversion Cycle148146145119129132109155168186160188
Working Capital Days7975665565432541565258147
ROCE %39%36%32%40%31%21%9%20%24%20%19%20%

Guidance history

How Metro Brands Ltd's guidance has moved, call by call

CallRevenueMarginsCapexFundraisingOrder book
Q2 FY27 call →10–20%FlatPlanned——
Q1 FY27 call →10–20%FlatPlanned——
Q4 FY26 call →10–20%FlatPlanned——
Q3 FY26 call →10–20%FlatPlanned——

What management guided on each call, newest first. Not investment advice, and not a forecast of returns.

11out of 100

Momentum score · price trend

11 out of 100 — Cooling

Over the past year its share price has done worse than most of the stocks we track.

PeriodShare price changeBetter than … of 1,910 stocks
Last 12 months−27.9%26%
Last 6 months−19.6%19%
Last 3 months−20.2%16%

The price is 40.3% below its all-time high of ₹1,375.75 (1 Dec 2023). Stocks more than 20% below their peak have their score halved, so 21 became 11.

How we calculate it

“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).

The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For Metro Brands Ltd: 0.4 × 26 + 0.4 × 19 + 0.2 × 16 = 21, halved to 11 because the price is more than 20% below its all-time high.

Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.

Full methodology →

This describes only how the share price has moved up to 29 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.

Continue your research

What Metro Brands Ltd's management said in earlier quarters

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