What we do Metro Brands Limited is a leading Indian footwear retailer offering a wide range of own and third-party branded shoes, bags, and accessories across premium and economy segments. |
Founded in 1,977 |
Market share One of India's largest footwear specialty retailers operating 990 stores in 212 cities across 31 states and union territories. |
Problem solved Addresses diverse footwear needs for all ages and occasions by providing quality, branded products under multiple proprietary and partner labels. |
Top clients or who we serve Serves retail consumers nationwide with B2C focus through company-operated stores and e-commerce platforms. |
Key management Chairman Rafique A. Malik has 50+ years in footwear retail; CEO Nissan Joseph brings global retail expertise including Crocs. |
Our journey and innovations From first store in 1955, expanded product range and store formats, launched e-commerce, exclusive brand partnerships (Foot Locker, Clarks, New Era). |
Where we operate Pan-India presence with stores in 212 cities covering 31 states and union territories. |
Top products or what we offer Own brands (Metro, Mochi, Walkway) and third-party brands (Crocs, Skechers, Clarks) in footwear and accessories. |
Top brands Metro (#1 aspirational footwear brand), Mochi (well-known trademark), Walkway, Crocs, Fitflop, Foot Locker (India's first store launched 2024). |
Raw materials needed Outsourced manufacturing; raw materials include leather, rubber, and synthetic materials sourced via vendors. |
Raw materials supplier Engages with over 250 vendors; procurement based on vendor partnerships rather than owning manufacturing. |
Recurring vs cyclical contribution Revenue is retail sales-driven with seasonal fluctuations but strong recurring customer demand and growing e-commerce channel. |
Our industry position Market leader in Indian footwear retail with strong brand portfolio, extensive store network and growing omni-channel presence. |
Financial highlights FY25 consolidated revenue ~₹2507 crore; EBITDA ₹631 crore (~30% margin); PAT ₹354 crore; steady growth in revenue and profitability. |
Geographical revenue split Revenue spread across all Indian regions with roughly equal contribution from West, South, North, and East zones. |
Order book - |
Whats driving growth Store expansion, omni-channel retailing, exclusive brand partnerships, product innovation and growing athleisure segment drive growth. |
Our future plans Opening new stores including MetroActiv sports format, expanding digital sales, launching new brand partnerships and enhancing omni-channel capabilities. |
Our green promise Sustainability drives include footwear recycling, energy conservation, water harvesting, community health initiatives and rural education support. |
Our people and values Strong culture with over 900 stores and thousands of employees focusing on diversity, skill development, and ethical business practices. |
Key challenges ahead Supply chain disruptions due to regulatory changes, competition, evolving consumer preferences and macroeconomic headwinds. |
Interesting facts Declared Mochi a well-known trademark; launched India's first Foot Locker store; recycle one discarded pair for every pair sold. |
Risks and strategy Manages risks through diversified brands, expanding e-commerce, operational efficiencies, and legal protections for IP and trademarks. |
