Metro Brands Q1 FY27 revenue rises 14.7% to ₹720 crore; network reaches 1,041 stores

Metro Brands reported Q1 FY27 EBITDA of ₹215 crore, up 10.4% year on year, with a 29.8% margin. The footwear retailer added 13 stores and closed four during the quarter, taking its network to 1,041 outlets across 222 cities. E-commerce and omnichannel sales grew 9%, contributing 13.1% of revenue.

— Source publishedWed, 5 Aug, 2026, 11:35 IST·First seen Wed, 5 Aug, 2026, 11:38 IST·Source IMAGES Business of Fashion

What happened

Metro Brands Limited · Metro Brands reported Q1 FY27 revenue growth of 14.7% to Rs 720 crore and EBITDA growth of 10.4% to Rs 215 crore. It added a net nine

Key facts

  • Q1 FY27 consolidated revenue: Rs 720 crore, up 14.7% YoY
  • EBITDA: Rs 215 crore, up 10.4% YoY
  • EBITDA margin: 29.8%
  • E-commerce and omni-channel sales growth: 9% YoY
  • E-commerce share of revenue: 13.1%
  • Stores added: 13
  • Stores closed: 4
  • Store network: 1,041 stores
  • Presence: 222 cities across 31 states and union territories

Why this matters

Metro Brands’ 222-city, 1,041-store footprint and 13.1% digital sales mix reinforce its scale in Indian footwear, making brand partnerships and selective format expansion more strategically relevant.

What to watch

  • Same-store sales growth versus the 14.7% headline revenue increase.
  • EBITDA margin trajectory after the 29.8% Q1 level and whether EBITDA growth reaccelerates above revenue growth.
  • Net store additions, store productivity and the pace of expansion beyond 1,041 outlets.
  • E-commerce and omnichannel growth relative to store-led sales, especially if digital growth remains below total revenue growth.
  • Inventory days, markdown intensity and festive-season demand trends.
  • Consumer discretionary spending and competitive promotional activity in footwear.
  • Prioritize store openings in high-potential tier-2 and tier-3 catchments while closing persistently unproductive outlets.
  • Use loyalty, CRM and endless-aisle capabilities to convert the 13.1% omnichannel revenue base into higher repeat purchases and store-assisted digital sales.
  • Protect gross margin through tighter inventory allocation, reduced markdown dependence and a greater premium/private-label product mix.
  • Monitor new-store payback periods before materially increasing the quarterly net-store-addition pace.