Mumbai, July 29, 2022: Metro Brands Limited (MBL) is one of the largest Indian footwear specialty retailers and is amongst the aspirational Indian brands in the footwear category, today declared its standalone and consolidated financial results for the quarter ended June 30, 2022.
For the Quarter ended June 30, 2022 (Q1FY23):
- Total Revenue stood at ₹497.2 Crore, y-o-y growth of 294.2%
- EBITDA of ₹180.9 Crore; y-o-y growth of 1020.6%
- PAT stood at ₹103.2 Crore; y-o-y growth of 1105.9%
- Basic EPS for Q1FY23 stood at ₹3.80, as compared to ₹(0.39) for Q1FY22
- 20 New Stores opening in Q1FY23 (Net of closing)
Standalone quarterly ‘Y-o-Y’ performance
The Company witnessed a solid start to the FY23 and recorded highest ever revenue. Total Revenue from operations for the quarter ended June 30, 2022 stood at ₹ 497.2 Crore, as compared to ₹ 126.2 Crore in the same quarter last year, which is a strong growth of 294.2% Y-o-Y. Earnings before Interest, Tax, Depreciation and Amortization (EBITDA) in
Q1FY23 stood at ₹ 180.9 Crore, as compared to ₹ 16.1 Crore in the corresponding quarter of last year. EBITDA margin stood at 36.4% in Q1FY23 as compared to 12.8% in Q1FY22.
Net Profit after tax stood at ₹ 103.2 Crore for Q1FY23, as compared to ₹ (10.3) Crore in the corresponding quarter of last year. PAT margin stood at 20.7% in Q1FY23 as compared to (8.1%) in Q1FY22.
Consolidated quarterly ‘Y-o-Y’ performance
Total Revenue from operations for the quarter ended June 30, 2022 stood at ₹ 507.9 Crore, as compared to ₹ 131.4 Crore in the same quarter last year, with a growth of 286.5% Y-o-Y. Earnings before Interest, Tax, Depreciation and Amortization (EBITDA) in Q1FY23 stood at ₹ 183.4 Crore, as compared to ₹ 14.4 Crore in the corresponding quarter of last year. EBITDA margin stood at 36.1% in Q1FY23 as compared to 11.0% in Q1FY22.
Net Profit after tax stood at ₹ 105.8 Crore for Q1FY23, as compared to ₹ (12.1) Crore in the corresponding quarter of last year. PAT margin stood at 20.8% in Q1FY23 as compared to (9.2%) in Q1FY22.
Q1 has been an excellent start to our new fiscal year as we set new records in Revenue, EBITDA and PAT. We have seen business continue the momentum that we saw as early as Q3 of FY 22, has stayed through Q4 and now has resulted in our strongest quarter in our history of Metro Brands reflecting the robustness of the operational model and the efforts of the team at Metro Brands.
Nissan Joseph, CEO, Metro Brands Limited
About Metro Brands Limited (BSE: 543426; NSE: METROBRAND)
Metro Brands is one of the largest Indian footwear specialty retailers and is amongst the aspirational Indian brands in the footwear category. 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. In addition to men’s, women’s, and kid’s footwear, it also has a wide range of handbags, belts, wallets, etc.
Metro Brands retail footwear under its own brands of Metro, Mochi, Walkway, Da Vinchi and J. Fontini, as well as certain third-party brands such as Crocs, Fitflop, Skechers, Clarks, Reebok and Adidas which complement its in-house brands. The Metro footwear range is specially curated based on the regional sensitivity to cater to the needs of different regions.
As of June 30, 2022, the Company operated 644 Stores across 147 cities spread across 30 states and union territories in India.
