Footwear retailer Metro Brands Ltd on Tuesday (January 27) reported a net profit of ₹128.3 crore for Q3, up 35.6% from ₹94.6 crore a year ago.
Revenue grew 15.4% to ₹811 crore, compared with ₹703.1 crore in the same period last year, driven by strong festive and wedding season demand, supported by a reduction in GST on footwear priced below ₹2,500.
For the nine-month period ended December 2025, the company recorded a 12% revenue growth. EBITDA for the quarter increased 18.1% to ₹265.2 crore from ₹224.6 crore in Q3 last year, while the EBITDA margin expanded to 32.7% from 31.9% year-on-year.
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E-commerce and omni-channel sales grew 24% during the quarter, contributing 12% of revenue, compared to 11% in Q3FY25. For the nine-month period, digital sales grew 35%, accounting for 13% of revenue.
During Q3FY26, the company opened 35 new stores and closed 11. Over the nine-month period, 100 new stores were added, offset by 18 closures, reflecting a calibrated approach to network expansion.
MetroActiv, the company’s multi-brand sports performance retail concept, was launched in Indore, Dehradun, and Jodhpur, along with the launch of its e-commerce platform.
The company currently operates six Foot Locker stores in India, though new store additions are being moderated due to BIS-related supply challenges faced by select external brands.
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FILA footwear manufacturing has been localised in India, with 2-3 exclusive brand outlets planned in Q4FY26. Under its exclusive partnership with New Era Cap, LLC, Metro Brands operates four stores and five kiosks across India.
Nissan Joseph, CEO, Metro Brands Limited, said, “I’m pleased to see our growth momentum continue with a 15% increase in revenue. Q3 reinforces our view that long-term retail success is built through scale, portfolio depth, and rigorous execution. We are shaping a diversified platform that spans fashion, comfort, and performance, with strong omni-channel capability at its core. Our investments in brand, digital, and international partnerships are deliberate and long-term.”
Shares of Metro Brands Ltd ended at ₹1,066.50, up by ₹44.50, or 4.35%, on the BSE today, January 27.
Also Read: Metro Brands confident on long-term margins despite higher investments: CEO
