Metro Brands (METROBRAND)₹827.75−1.76%Footwear
In the Sep 2026 quarter (consolidated), Metro Brands reported sales of ₹730 Cr, up 12.3% from Sep 2025, and net profit of ₹76.84 Cr, up 11.7% year on year. For the year to Mar 2026, sales were ₹2,862 Cr and net profit ₹415 Cr.
Company filings, consolidated accounts; latest reported quarter Sep 2026
| Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 635 | 583 | 576 | 584 | 702 | 642 | 627 | 650 | 810 | 772 | 720 | 730 |
| Expenses | 437 | 424 | 395 | 431 | 478 | 446 | 434 | 480 | 546 | 535 | 505 | 533 |
| Operating Profit | 199 | 159 | 181 | 155 | 225 | 197 | 195 | 171 | 266 | 238 | 216 | 197 |
| OPM % | 31.1% | 27.1% | 31.1% | 26.0% | 32.0% | 31.1% | 31.1% | 26.1% | 33.1% | 31.0% | 30.1% | 27.1% |
| Other Income | 16.02 | 26.03 | 23.04 | 24.04 | 24.02 | 23.03 | 29.05 | 28.05 | 17.03 | 32.04 | 27.02 | 23.02 |
| Interest | 19.94 | 19.94 | 20.95 | 21.94 | 22.92 | 23.92 | 23.95 | 28.91 | 28.91 | 28.91 | 29.91 | 29.91 |
| Depreciation | 59.03 | 59.08 | 60.03 | 62.03 | 66.04 | 70.06 | 69.06 | 78.10 | 80.04 | 84.07 | 85.04 | 88.09 |
| Profit before tax | 136 | 105 | 123 | 93.88 | 160 | 126 | 131 | 90.90 | 173 | 157 | 127 | 103 |
| Tax % | 28.0% | −48.0% | 25.0% | 23.9% | 41.0% | 23.9% | 23.9% | 24.0% | 24.9% | 25.0% | 24.9% | 24.9% |
| Net Profit | 98.81 | 156 | 91.72 | 71.79 | 94.69 | 94.83 | 98.70 | 68.79 | 130 | 118 | 94.79 | 76.84 |
| EPS (Rs) | 3.61 | 5.72 | 3.38 | 2.57 | 3.49 | 3.49 | 3.63 | 2.50 | 4.72 | 4.29 | 3.45 | 2.79 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 802 | 909 | 1,073 | 1,216 | 1,283 | 800 | 1,342 | 2,125 | 2,356 | 2,503 | 2,862 | 3,032 |
| Expenses | 662 | 758 | 848 | 879 | 929 | 625 | 930 | 1,447 | 1,652 | 1,748 | 1,990 | 2,119 |
| Operating Profit | 140 | 152 | 228 | 338 | 356 | 175 | 413 | 682 | 705 | 760 | 874 | 917 |
| OPM % | 17.0% | 17.1% | 21.0% | 28.1% | 28.1% | 22.1% | 31.0% | 32.1% | 30.1% | 30.1% | 30.0% | 30.2% |
| Other Income | 7.01 | 9.01 | 8.01 | 19.02 | 23.03 | 76.13 | 55.11 | 53.08 | 69.09 | 93.12 | 100 | 99.11 |
| Interest | 0.99 | 0.00 | 0.00 | 33.88 | 39.88 | 44.87 | 49.86 | 62.78 | 78.76 | 89.71 | 111 | 118 |
| Depreciation | 13.01 | 16.01 | 20.04 | 94.14 | 121 | 122 | 134 | 181 | 229 | 258 | 311 | 337 |
| Profit before tax | 133 | 144 | 215 | 228 | 218 | 84.90 | 283 | 488 | 465 | 503 | 551 | 560 |
| Tax % | 34.0% | 35.0% | 33.9% | 34.0% | 27.0% | 23.0% | 25.0% | 26.0% | 11.0% | 29.9% | 25.0% | — |
| Exceptional items | 0.00 | 1.01 | −1.01 | −1.01 | −2.01 | 2.01 | 0.00 | 4.01 | 0.00 | 20.02 | 2.01 | — |
| Net Profit | 86.81 | 94.82 | 142 | 153 | 160 | 64.79 | 213 | 364 | 414 | 353 | 415 | 419 |
| EPS (Rs) | 3.21 | 3.44 | 5.26 | 5.58 | 5.91 | 2.58 | 7.80 | 13.31 | 15.19 | 12.90 | 15.10 | 15.25 |
| Dividend payout % | 22.0% | 22.0% | 21.0% | 22.0% | 25.0% | 58.0% | 29.0% | 30.0% | 33.0% | 155.0% | 40.0% | — |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 15.03 | 15.04 | 15.05 | 15.04 | 133 | 133 | 133 | 136 | 136 | 136 | 136 | 136 |
| Reserves | 318 | 381 | 449 | 562 | 517 | 674 | 695 | 1,129 | 1,411 | 1,728 | 1,571 | 1,854 |
| Borrowings | 8.03 | 3.01 | 3.01 | 6.02 | 426 | 551 | 569 | 694 | 946 | 1,103 | 1,232 | 1,577 |
| Other Liabilities | 115 | 119 | 171 | 190 | 248 | 261 | 264 | 349 | 418 | 391 | 400 | 454 |
| Total Liabilities | 456 | 518 | 637 | 773 | 1,324 | 1,619 | 1,661 | 2,308 | 2,911 | 3,358 | 3,339 | 4,021 |
| Fixed Assets | 122 | 135 | 173 | 186 | 594 | 710 | 726 | 851 | 1,306 | 1,485 | 1,607 | 1,990 |
| CWIP | 0.00 | 1.01 | 4.01 | 6.01 | 4.01 | 13.02 | 5.01 | 6.01 | 18.02 | 9.01 | 9.01 | 18.03 |
| Investments | 37.02 | 75.98 | 83.07 | 185 | 210 | 348 | 400 | 401 | 478 | 750 | 550 | 673 |
| Other Assets | 296 | 306 | 377 | 397 | 516 | 549 | 532 | 1,051 | 1,110 | 1,112 | 1,173 | 1,341 |
| Inventories | 227 | 234 | 267 | 280 | 366 | 377 | 291 | 426 | 649 | 713 | 639 | 859 |
| Trade receivables | 21.92 | 22.92 | 32.86 | 38.87 | 51.84 | 69.71 | 50.83 | 47.80 | 105 | 75.69 | 90.73 | 99.67 |
| Cash & equivalents | 6.99 | 6.01 | 24.98 | 15.01 | 11.99 | 10.99 | 88.05 | 396 | 198 | 112 | 101 | 41.98 |
| Total Assets | 456 | 518 | 637 | 773 | 1,324 | 1,619 | 1,661 | 2,308 | 2,911 | 3,358 | 3,339 | 4,021 |
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operating activity | 82.34 | 156 | 197 | 274 | 266 | 221 | 383 | 593 | 700 | 476 |
| Cash from investing activity | −83.18 | −94.21 | −67.17 | −163 | −122 | −302 | −52.14 | −251 | 122 | −100 |
| Cash from financing activity | −0.99 | −49.89 | −132 | −112 | −127 | 116 | −358 | −322 | −771 | −435 |
| Net cash flow | −1.01 | 10.02 | −4.01 | −1.01 | 16.04 | 35.04 | −30.07 | 16.03 | 47.13 | −62.07 |
| Capex | 59.11 | 33.05 | 59.10 | 44.06 | 25.04 | 48.06 | 100 | 116 | 87.17 | 139 |
| Free cash flow | 23.94 | 121 | 137 | 229 | 240 | 172 | 288 | 478 | 610 | 334 |
| CFO / OP % | 87.0% | 98.0% | 82.0% | 94.0% | 162.9% | 71.0% | 77.0% | 96.0% | 109.9% | 68.9% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor days | 10 | 9 | 12 | 12 | 15 | 19 | 22 | 12 | 17 | 11 | 12 | 12 |
| Inventory days | 231 | 219 | 222 | 215 | 244 | 242 | 294 | 285 | 277 | 275 | 229 | 274 |
| Days payable | 92 | 82 | 89 | 108 | 129 | 129 | 207 | 141 | 126 | 99 | 81 | 89 |
| Cash conversion cycle | 149 | 147 | 146 | 120 | 130 | 133 | 110 | 156 | 169 | 187 | 161 | 198 |
| Working capital days | 79 | 75 | 66 | 55 | 65 | 43 | 25 | 41 | 56 | 52 | 58 | 64 |
| ROCE % | 39.0% | 36.0% | 31.9% | 40.0% | 31.0% | 21.0% | 9.0% | 20.0% | 24.0% | 20.0% | 18.9% | 20.0% |
For the Sep 2026 quarter, Metro Brands reported sales of ₹730 Cr, up 12.3% year on year and net profit of ₹76.84 Cr, up 11.7% year on year. The operating margin was 27.1%.
Metro Brands' sales for the year to Mar 2026 were ₹2,862 Cr; over the last twelve months they were ₹3,032 Cr.
Net profit for the year to Mar 2026 was ₹415 Cr, and ₹419 Cr over the last twelve months. Earnings per share over the same trailing period were ₹15.25.
Metro Brands reported borrowings of ₹1,577 Cr at Mar 2026, against cash and equivalents of ₹41.98 Cr.
Cash from operations was ₹476 Cr in the year to Mar 2026; after capital spending, free cash flow was ₹334 Cr.