Reported Earnings • May 22
Full year 2026 earnings: EPS in line with analyst expectations despite revenue beat Full year 2026 results: EPS: ₹15.10 (up from ₹12.89 in FY 2025). Revenue: ₹29.7b (up 18% from FY 2025). Net income: ₹4.11b (up 17% from FY 2025). Profit margin: 14% (in line with FY 2025). Revenue exceeded analyst estimates by 1.2%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Specialty Retail industry in India. Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has increased by 4% per year. Announcement • May 13
Metro Brands Limited to Report Q4, 2026 Results on May 20, 2026 Metro Brands Limited announced that they will report Q4, 2026 results on May 20, 2026 Reported Earnings • Jan 28
Third quarter 2026 earnings: EPS and revenues exceed analyst expectations Third quarter 2026 results: EPS: ₹4.71 (up from ₹3.48 in 3Q 2025). Revenue: ₹8.27b (up 18% from 3Q 2025). Net income: ₹1.28b (up 36% from 3Q 2025). Profit margin: 16% (up from 14% in 3Q 2025). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 3.2%. Earnings per share (EPS) also surpassed analyst estimates by 2.5%. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Specialty Retail industry in India. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 10% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jan 20
Metro Brands Limited to Report Q3, 2026 Results on Jan 27, 2026 Metro Brands Limited announced that they will report Q3, 2026 results on Jan 27, 2026 Reported Earnings • Oct 17
Second quarter 2026 earnings: EPS misses analyst expectations Second quarter 2026 results: EPS: ₹2.49 (down from ₹2.56 in 2Q 2025). Revenue: ₹6.51b (up 11% from 2Q 2025). Net income: ₹676.9m (down 2.7% from 2Q 2025). Profit margin: 10% (down from 12% in 2Q 2025). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 43%. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Specialty Retail industry in India. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 11% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Oct 09
Metro Brands Limited to Report Q2, 2026 Results on Oct 16, 2025 Metro Brands Limited announced that they will report Q2, 2026 results on Oct 16, 2025 Upcoming Dividend • Aug 28
Upcoming dividend of ₹2.50 per share Eligible shareholders must have bought the stock before 04 September 2025. Payment date: 18 October 2025. Payout ratio is a comfortable 43% and this is well supported by cash flows. Trailing yield: 0.5%. Lower than top quartile of Indian dividend payers (1.3%). Lower than average of industry peers (7.6%). Declared Dividend • Aug 09
Dividend of ₹2.25 announced Shareholders will receive a dividend of ₹2.25. Ex-date: 4th September 2025 Payment date: 18th October 2025 Dividend yield will be 1.8%, which is higher than the industry average of 0.2%. Sustainability & Growth Dividend is well covered by both earnings (43% earnings payout ratio) and cash flows (25% cash payout ratio). The dividend has increased by an average of 54% per year over the past 3 years and payments have been stable during that time. EPS is expected to grow by 73% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Aug 08
Metro Brands Limited, Annual General Meeting, Sep 18, 2025 Metro Brands Limited, Annual General Meeting, Sep 18, 2025, at 15:00 Indian Standard Time. Reported Earnings • Aug 08
First quarter 2026 earnings: EPS and revenues miss analyst expectations First quarter 2026 results: EPS: ₹3.62 (up from ₹3.37 in 1Q 2025). Revenue: ₹6.28b (up 9.1% from 1Q 2025). Net income: ₹985.1m (up 7.4% from 1Q 2025). Profit margin: 16% (in line with 1Q 2025). Revenue missed analyst estimates by 2.6%. Earnings per share (EPS) also missed analyst estimates by 3.0%. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Specialty Retail industry in India. Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has increased by 9% per year. Announcement • Aug 02
Metro Brands Limited to Report Q1, 2026 Results on Aug 07, 2025 Metro Brands Limited announced that they will report Q1, 2026 results on Aug 07, 2025 Reported Earnings • May 23
Full year 2025 earnings: EPS misses analyst expectations Full year 2025 results: EPS: ₹12.89 (down from ₹15.18 in FY 2024). Revenue: ₹26.0b (up 10% from FY 2024). Net income: ₹3.51b (down 15% from FY 2024). Profit margin: 14% (down from 18% in FY 2024). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 4.2%. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Specialty Retail industry in India. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 32% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 22
Metro Brands Limited Recommends Final Dividend for the Financial Year Ended March 31, 2025 Metro Brands Limited at the Board Meeting held on 22 May 2025 approved recommendation of final dividend at INR 2.50 per Equity Share (subject to Deduction of TDS) on the face value of the Paid-up Equity Shares of INR 5/- each for the Financial Year ended March 31, 2025. The Dividend recommended by the Board is subject to the approval of the Shareholders at the ensuing Annual General Meeting of the Company for the Financial Year 2024-25. Announcement • Apr 10
Metro Brands Limited Announces Executive Changes Mr. Jitendra Mangave has been appointed as the Chief Information Technology Officer and Senior Management Personnel (SMP) of Metro Brands Limited with effect from April 10, 2025. Further, Mr. Rajgopal Nayak resigned as Chief Technology Officer for personal reasons and as per his terms of appointment, his last date would be July 6, 2025. Jitendra Mangave is a seasoned IT Executive with 26 years of global experience, specializing in driving digital transformation across diverse industries. With over 18 years of expertise in IT domain that he has a proven track record of aligning technology with business strategies. His extensive background includes non-IT roles in the Textile & Fashion Industry, with a deep understanding of Planning, Sourcing and Supply Chain functions. His last assignment was with Landmark Group India as Vice President and Head of IT. Announcement • Mar 07
Metro Brands Limited Approves Board Appointments Metro Brands Limited through its postal ballot results on March 7, 2025, approved the appointment of Mr. Bhaskar Bhat as a Non- Executive Independent Director of the Company for a term of five consecutive years commencing from February 6, 2025 and appointment of Ms. Radhika Dilip Piramal as a Non- Executive Independent Director of the Company for a term of five consecutive years commencing from February 6, 2025. Announcement • Mar 01
Metro Brands Limited Declares Special Dividend for the Financial Year Ending 31 March 2025 Metro Brands Limited informed that the Board of Directors at their Meeting held on February 28, 2025, considered and declared for the Financial Year Ending 31 March 2025, Special Dividend of INR 14.50 per equity share having face value of INR 5 each. Further, it is hereby informed that March 7, 2025, shall be reckoned as the `Record Date' for the purpose of ascertaining the eligibility of shareholders for payment of Special Dividend for the Financial Year 2024-25. The date of payment of the aforesaid Special Dividend shall be within thirty (30) days from the date of declaration. Announcement • Feb 28
Metro Brands Limited Declares Interim Dividend for the Financial Year Ending 31 March 2025 Metro Brands Limited informed that the Board of Directors of the Company at their Meeting held on February 28, 2025, considered and declared for the Financial Year Ending 31 March 2025, Interim Dividend of INR 3.00 per equity share having face value of INR 5 each. Further, it is hereby informed that March 7, 2025, shall be reckoned as the `Record Date' for the purpose of ascertaining the eligibility of shareholders for payment of Interim Dividend for the Financial Year 2024-25. The date of payment of the aforesaid Interim Dividend shall be within thirty (30) days from the date of declaration. Reported Earnings • Jan 17
Third quarter 2025 earnings: EPS and revenues miss analyst expectations Third quarter 2025 results: EPS: ₹3.48 (down from ₹3.60 in 3Q 2024). Revenue: ₹7.26b (up 14% from 3Q 2024). Net income: ₹945.8m (down 3.3% from 3Q 2024). Profit margin: 13% (down from 15% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 1.1%. Earnings per share (EPS) also missed analyst estimates by 17%. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Specialty Retail industry in India. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has increased by 26% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jan 16
Metro Brands Limited Announces Completion of Second Term of Manojkumar Madangopal Maheshwari and Aruna Bhagwan Advani as Independent Directors, Effective February 5, 2025 Metro Brands Limited at the Board meeting held on January 16, 2025, approved completion of second term of five (5) years by Mr. Manojkumar Madangopal Maheshwari and Ms. Aruna Bhagwan Advani as Independent Directors of the Company on February 5, 2025. Consequently, they will cease to be Independent Directors of the Company with effect from the close of business hours on February 5, 2025. Announcement • Jan 10
Metro Brands Limited to Report Q3, 2025 Results on Jan 16, 2025 Metro Brands Limited announced that they will report Q3, 2025 results on Jan 16, 2025 Reported Earnings • Oct 24
Second quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behind Second quarter 2025 results: EPS: ₹2.56 (up from ₹2.45 in 2Q 2024). Revenue: ₹6.09b (up 9.6% from 2Q 2024). Net income: ₹695.5m (up 4.3% from 2Q 2024). Profit margin: 11% (in line with 2Q 2024). Revenue exceeded analyst estimates by 1.0%. Earnings per share (EPS) missed analyst estimates by 8.1%. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Specialty Retail industry in India. Announcement • Oct 21
Metro Brands Limited Announces Management Changes Metro Brands Limited informed that Mr. Shaji Thekkayil, Senior Vice President & Head Strategic Businesses & Brands being part of the Senior Management of the Company has resigned for personal reasons. Post internal discussion held with Mr. Thekkayil, the Company has accepted his resignation and shall relieve him from the duties with effect from close of business hours on
November 15, 2024. Mr. Maulik Rajendra Desai, Business Head of the Crocs Retail Division, has been promoted to assume Mr. Thekkayil's role. Announcement • Aug 12
Metro Brands Limited, Annual General Meeting, Sep 19, 2024 Metro Brands Limited, Annual General Meeting, Sep 19, 2024, at 15:00 Indian Standard Time. Declared Dividend • Aug 11
Dividend increased to ₹2.25 Dividend of ₹2.25 is 50% higher than last year. Ex-date: 6th September 2024 Payment date: 19th October 2024 Dividend yield will be 0.4%, which is higher than the industry average of 0.2%. Sustainability & Growth Dividend is well covered by both earnings (33% earnings payout ratio) and cash flows (29% cash payout ratio). The dividend has increased by an average of 83% per year over the past 2 years and payments have been stable during that time. EPS is expected to grow by 52% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Aug 10
First quarter 2025 earnings: EPS and revenues miss analyst expectations First quarter 2025 results: EPS: ₹3.37 (down from ₹3.42 in 1Q 2024). Revenue: ₹5.99b (up 2.9% from 1Q 2024). Net income: ₹917.3m (down 1.2% from 1Q 2024). Profit margin: 15% (in line with 1Q 2024). Revenue missed analyst estimates by 7.6%. Earnings per share (EPS) also missed analyst estimates by 8.0%. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Specialty Retail industry in India. Announcement • Aug 02
Metro Brands Limited to Report Q1, 2025 Results on Aug 09, 2024 Metro Brands Limited announced that they will report Q1, 2025 results on Aug 09, 2024 Announcement • Aug 01
Metro Brands Limited Announces Appointment of Mohit Dhanjal as Chief Operating Officer Metro Brands Limited announced the appointment of Mr. Mohit Dhanjal as Chief Operating Officer of the Company with effect from August 1, 2024. Term of appointment: Full time. Mr. Mohit Dhanjal comes with over 30+ years of experience in Business Strategy, Retail Operations, Business Development, Trade Marketing, Brand Management and Channel Management across Hospitality, FMCG, and Retail. His last stint was with Reliance Retail Ltd,. He has worked with Arvind Fashion Ltd., Raymond Ltd, Hindustan Unilever Limited, Tata Teleservices Ltd, ITC Ltd, Color Plus Fashions, Taj Group of Hotel. He holds a Hotel Management Degree and earned a bachelor's degree in arts- Sociology, Public Admin and Political Science. He has also completed an executive program from Cornell University. Mr. Mohit Dhanjal will be reporting to the CEO, Mr. Nissan Joseph. Announcement • Jul 26
Metro Brands Ltd Appoints Nandadeep Jayakar as Foot Locker India's Business Head Metro Brands Ltd. announced the appointment of Nandadeep Jayakar as Business Head - Foot Locker India, effective immediate. Nandadeep has three decades of experience in operations, management, product development, merchandising, and supply chain and brings strategic acumen and a successful track record of brand building and operational execution to the innovative table at Metro Brands Ltd. He will report to Metro Brands Ltd. president, sports division, e-commerce and CRM Alisha Malik. Nandadeep's arrival at Metro Brands comes at a time when the company, which is one of India's footwear retailers, is set to further amplify its business operations in the fast-growing athletic footwear segment. His addition underscores Metro Brands' commitment to pushing boundaries of progressive fashion. Nandadeep's dynamic career path includes his recent tenure at Adidas India, along with significant roles at prominent organizations such as Future Group, Sony Music, Bajaj Auto, and Voltas. His diverse background positions him uniquely to lead Foot Locker India's business operations, as Metro Brands continues to expand its footprint in the retail sector. Announcement • May 23
Metro Brands Limited Recommends Final Dividend for the Financial Year 2023-24 Metro Brands Limited announced that at its Board of Directors of the Company at their Meeting held on May 22, 2024, approved the recommendation of Final Dividend at INR 2.25 per Equity Share (subject to Deduction of TDS) on the face value of the Paid-up Equity Shares of INR 5/- each for the Financial Year 2023-24. Reported Earnings • May 23
Full year 2024 earnings: EPS exceeds analyst expectations Full year 2024 results: EPS: ₹15.18 (up from ₹13.31 in FY 2023). Revenue: ₹24.3b (up 14% from FY 2023). Net income: ₹4.13b (up 14% from FY 2023). Profit margin: 17% (in line with FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 19%. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Specialty Retail industry in India. Announcement • May 17
Metro Brands Limited to Report Q4, 2024 Results on May 22, 2024 Metro Brands Limited announced that they will report Q4, 2024 results on May 22, 2024 Board Change • Apr 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. 2 highly experienced directors. Non-Executive Independent Director Srikanth Velamakanni was the last director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Upcoming Dividend • Jan 24
Upcoming dividend of ₹2.75 per share at 0.4% yield Eligible shareholders must have bought the stock before 31 January 2024. Payment date: 17 February 2024. Payout ratio is a comfortable 35% and this is well supported by cash flows. Trailing yield: 0.4%. Lower than top quartile of Indian dividend payers (1.2%). Higher than average of industry peers (0.2%). Reported Earnings • Jan 19
Third quarter 2024 earnings: EPS and revenues miss analyst expectations Third quarter 2024 results: EPS: ₹3.60 (down from ₹4.12 in 3Q 2023). Revenue: ₹6.51b (up 8.8% from 3Q 2023). Net income: ₹978.1m (down 13% from 3Q 2023). Profit margin: 15% (down from 19% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 8.8%. Earnings per share (EPS) also missed analyst estimates by 12%. Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Specialty Retail industry in India. Announcement • Jan 18
Metro Brands Limited Declares Interim Dividend for the Fiscal Year 2023-24 Metro Brands Limited have declared Interim Dividend at INR 2.75 per Equity Share (subject to Deduction of TDS) on the face value of the paid-up equity shares of INR 5/- each for the Fiscal Year 2023-24. Further, it is hereby informed that January 31, 2024, shall be reckoned as the `Record Date' for the purpose of ascertaining the eligibility of shareholders for payment of Interim Dividend for the Fiscal Year 2023- 24. The date of payment of the aforesaid Interim Dividend shall be within 30 days from the date of declaration. Announcement • Jan 12
Metro Brands Limited to Report Q3, 2024 Results on Jan 18, 2024 Metro Brands Limited announced that they will report Q3, 2024 results on Jan 18, 2024 Announcement • Jan 10
Metro Brands Limited Announces Change in Management Metro Brands Limited announced that Ms. Deepika Deepti, Senior Vice President- Marketing being part of the Senior Management of the Company has resigned for personal reasons. Post internal discussion held with Ms. Deepti, the Company has accepted her resignation and shall relieve her from the duties with effect from close of business hours on 26th March,2024. Ms. Alisha Malik- President, who previously handled the marketing function, will oversee it on an interim basis until a successor is appointed. Price Target Changed • Oct 24
Price target increased by 8.9% to ₹1,220 Up from ₹1,120, the current price target is an average from 14 analysts. New target price is approximately in line with last closing price of ₹1,205. Stock is up 39% over the past year. The company is forecast to post earnings per share of ₹14.67 for next year compared to ₹13.31 last year. Reported Earnings • Oct 20
Second quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behind Second quarter 2024 results: EPS: ₹2.45 (down from ₹2.87 in 2Q 2023). Revenue: ₹5.72b (up 20% from 2Q 2023). Net income: ₹666.9m (down 13% from 2Q 2023). Profit margin: 12% (down from 16% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 2.9%. Earnings per share (EPS) missed analyst estimates by 19%. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Specialty Retail industry in India. Announcement • Oct 13
Metro Brands Limited to Report Q2, 2024 Results on Oct 19, 2023 Metro Brands Limited announced that they will report Q2, 2024 results on Oct 19, 2023 Announcement • Oct 06
Metro Brands Limited Appoints Amit Kumar as Senior Vice President - Buying & Merchandising Metro Brands Limited announced appointment of Mr. Amit Kumar as Senior Vice President - Buying & Merchandising. Date of appointment is September 5, 2023. Mr. Amit Kumar has over 26 years of experience in Retail, Handling Product Development, Brand Management, Planning and Analytics and Franchise Management. His last employment was with Arvind Fashions Limited. Prior to that he worked with Globus Fashion Stores, Levi Strauss India Ltd., Future Group, etc. He has completed his Post Graduation in Apparel Marketing and Merchandising and holds a Bachelor's degree in Science. Announcement • Sep 16
Metro Brands Limited Approves Final Dividend for the Financial Year Ended March 31, 2023 Metro Brands Limited at its 46th annual general meeting held on September 13, 2023, approved to confirm payment of Interim Dividend of INR 2.50 per share of INR 5 each on Equity Shares already paid, and to consider and declare Final Dividend of INR 1.50 per share of INR 5 each on Equity Shares for the Financial Year ended March 31, 2023. Upcoming Dividend • Aug 25
Upcoming dividend of ₹1.50 per share at 0.4% yield Eligible shareholders must have bought the stock before 01 September 2023. Payment date: 13 October 2023. Payout ratio is a comfortable 30% and this is well supported by cash flows. Trailing yield: 0.4%. Lower than top quartile of Indian dividend payers (1.4%). Higher than average of industry peers (0.2%). Announcement • Aug 09
Metro Brands Limited Appoints Shaji Thekkayil as Senior Vice President & Head Strategic Businesses & Brands Metro Brands Limited announced the appointment of Mr. Shaji Thekkayil as Senior Vice President & Head Strategic Businesses & Brands, effective August 8, 2023. Mr. Shaji Thekkayil comes with over more than 15 years of experience in Brands retail/growth strategies, merchandising, distribution management, channel strategies, retail directions and expansions, principal relationships and brand acquisition. His last employment was with Central Group as VP Performance and outdoor brands markets. He has also worked with Crocs, Shaaz products Fze, Surgii-tech Medical supplies and Procter & Gamble. He holds a Master's Degree in Integrated Business planning & operations and a Bachelors Degree of Commerce, Calicut University. Price Target Changed • Aug 04
Price target increased by 7.3% to ₹1,072 Up from ₹999, the current price target is an average from 10 analysts. New target price is approximately in line with last closing price of ₹1,067. Stock is up 45% over the past year. The company is forecast to post earnings per share of ₹14.95 for next year compared to ₹13.31 last year. Announcement • Aug 03
Metro Brands Limited, Annual General Meeting, Sep 13, 2023 Metro Brands Limited, Annual General Meeting, Sep 13, 2023, at 15:00 Indian Standard Time. Reported Earnings • Aug 02
First quarter 2024 earnings: EPS and revenues miss analyst expectations First quarter 2024 results: EPS: ₹3.42 (down from ₹3.90 in 1Q 2023). Revenue: ₹5.97b (up 18% from 1Q 2023). Net income: ₹928.3m (down 11% from 1Q 2023). Profit margin: 16% (down from 21% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 1.6%. Earnings per share (EPS) also missed analyst estimates by 4.2%. Revenue is forecast to grow 17% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Specialty Retail industry in India. Announcement • Jul 25
Metro Brands Limited to Report Q1, 2024 Results on Aug 01, 2023 Metro Brands Limited announced that they will report Q1, 2024 results on Aug 01, 2023 Reported Earnings • May 25
Full year 2023 earnings: EPS misses analyst expectations Full year 2023 results: EPS: ₹13.31 (up from ₹7.91 in FY 2022). Revenue: ₹21.8b (up 62% from FY 2022). Net income: ₹3.61b (up 71% from FY 2022). Profit margin: 17% (in line with FY 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 4.6%. Revenue is forecast to grow 16% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Specialty Retail industry in India. Announcement • May 24
Metro Brands Limited Recommends Final Dividend for the Financial Year 2022-23 Metro Brands Limited Declaration of Final Dividend at INR 1.50 per Equity Share (subject to Deduction of TDS) on the face value of the Paid-up Equity Shares of INR 5 each for the Financial Year 2022-23. The Dividend recommended by the Board is subject to the approval of the Shareholders at the upcoming Annual General Meeting of the Company for the Financial Year 2022-23. Upcoming Dividend • Jan 20
Upcoming dividend of ₹2.50 per share Eligible shareholders must have bought the stock before 27 January 2023. Payment date: 16 February 2023. Payout ratio is a comfortable 25% and this is well supported by cash flows. Trailing yield: 0.3%. Lower than top quartile of Indian dividend payers (1.5%). In line with average of industry peers (0.2%). Announcement • Jan 18
Metro Brands Limited Approves Declaration of Interim Dividend for the Fiscal Year 2022-2023 Metro Brands Limited approved Declaration of Interim Dividend at INR 2.50 per Equity Share (subject to Deduction of TDS) on the face value of the paid-up equity shares of INR 5 each for the Fiscal Year 2022-23. Further, it is here by January 27, 2022, shall be reckoned as the 'Record Date' for the purpose of ascertaining the eligibility of shareholders for payment of Interim Dividend for the Fiscal Year 2022-2023. The date of payment of the aforesaid Interim Dividend shall be within 30 days from the date of declaration. Reported Earnings • Jan 18
Third quarter 2023 earnings: EPS and revenues exceed analyst expectations Third quarter 2023 results: EPS: ₹4.22 (up from ₹3.82 in 3Q 2022). Revenue: ₹5.92b (up 22% from 3Q 2022). Net income: ₹1.15b (up 13% from 3Q 2022). Profit margin: 19% (down from 21% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 7.6%. Earnings per share (EPS) also surpassed analyst estimates by 11%. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Specialty Retail industry in Asia. Reported Earnings • Oct 21
Second quarter 2023 earnings: EPS and revenues exceed analyst expectations Second quarter 2023 results: EPS: ₹2.87 (down from ₹3.82 in 2Q 2022). Revenue: ₹4.76b (down 1.5% from 2Q 2022). Net income: ₹762.5m (down 25% from 2Q 2022). Profit margin: 16% (down from 21% in 2Q 2022). The decrease in margin was primarily driven by higher expenses. Revenue exceeded analyst estimates by 1.5%. Earnings per share (EPS) also surpassed analyst estimates by 10.0%. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Specialty Retail industry in India. Announcement • Sep 09
Metro Brands Limited Approves Final Dividend for the Financial Year Ended March 31, 2022 Metro Brands Limited confirmed the payment dividend of INR 1.5 per share of INR 5.00 each already paid and to declare final dividend of INR 0.75 per share INR 5.00 each on equity shares for the financial year ended March 31, 2022. Upcoming Dividend • Aug 22
Upcoming dividend of ₹0.75 per share Eligible shareholders must have bought the stock before 29 August 2022. Payment date: 07 October 2022. Payout ratio is a comfortable 19% and this is well supported by cash flows. Trailing yield: 0.3%. Lower than top quartile of Indian dividend payers (1.7%). In line with average of industry peers (0.2%). Valuation Update With 7 Day Price Move • Aug 12
Investor sentiment improved over the past week After last week's 16% share price gain to ₹854, the stock trades at a forward P/E ratio of 59x. Average forward P/E is 15x in the Specialty Retail industry in Asia. Announcement • Jul 30
Metro Brands Limited, Annual General Meeting, Sep 07, 2022 Metro Brands Limited, Annual General Meeting, Sep 07, 2022, at 15:00 Indian Standard Time. Announcement • Jul 23
Metro Brands Limited to Report Q1, 2023 Results on Jul 29, 2022 Metro Brands Limited announced that they will report Q1, 2023 results on Jul 29, 2022 Announcement • May 22
Metro Brands Limited Proposes Dividend for the Financial Year 2021-22 Metro Brands Limited Board of Directors at their meeting held on May 20, 2022 Declaration of Final Dividend at INR 0.75 per equity share on the face value of the paid-up equity shares of INR 5/- each for the Financial Year 2021-22, instead of 2nd Interim Dividend subject To Approve the shareholders. Reported Earnings • May 22
Full year 2022 earnings: EPS and revenues exceed analyst expectations Full year 2022 results: EPS: ₹8.01 (up from ₹2.57 in FY 2021). Revenue: ₹14.0b (up 75% from FY 2021). Net income: ₹2.17b (up 218% from FY 2021). Profit margin: 16% (up from 8.5% in FY 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 3.5%. Earnings per share (EPS) also surpassed analyst estimates by 14%. Over the next year, revenue is forecast to grow 27%, compared to a 17% growth forecast for the retail industry in India. Announcement • May 21
Metro Brands Limited (NSEI:METROBRAND) agreed to acquire 5.03% stake in Thaely Private Limited for INR 26.7 million. Metro Brands Limited (NSEI:METROBRAND) agreed to acquire 5.03% stake in Thaely Private Limited for INR 26.7 million on May 20, 2022. Thaely revenue for FY 2021 - 22 (Unaudited) is INR 6.76 million. The transaction is expected to be completed the acquisition by July 31, 2022 subject to completion of condition precedents and successful due diligence as per term sheet Announcement • Feb 03
Metro Brands Limited Announces Resignation of Sohel Kamdar as Chief Operating Officer Effective March 15, 2022 Metro Brands Limited announced that Mr. Sohel Kamdar has vide Letter dated January 31, 2022 tendered his resignation from the post of Chief Operating Officer of the Company due to personal reasons. His last working day in the Company will be March 15, 2022. Recent Insider Transactions • Jan 28
Insider recently sold ₹4.0m worth of stock On the 24th of January, Rajesh Awate sold around 7k shares on-market at roughly ₹599 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of ₹12m more than they bought in the last 12 months. Board Change • Dec 23
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Srikanth Velamakanni was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.