Metro Brands Ltd

Metro Brands Limited informed the BSE Limited and National Stock Exchange of India Limited that it will hold a meeting with J.P. Morgan India Consumption Forum on September 23, 2026, from 4:00 p.m. to 5:00 p.m. in a physical meeting.

Metro Brands Limited announced that shareholders at the company’s 49th Annual General Meeting on September 16, 2026, approved the reappointment of Farah Malik Bhanji (DIN: 00530676) as Managing Director for a period of five years, effective April 1, 2027; Ms. Bhanji is the daughter of Chairman Rafique Abdul Malik and sister of Whole-Time Director Alisha Rafique Malik.

Metro Brands Limited announced that shareholders approved the appointment of Mr. Sonny Iqbal (DIN: 02962053) as an Independent Director, effective August 05, 2026, for a period of five years. Mr. Iqbal, a Senior Advisor at ChrysCapital and formerly with Egon Zehnder, brings expertise in leadership development, organization consulting, and family enterprise advisory, and is not related to any existing directors, according to a filing with the BSE Limited and National Stock Exchange of India Ltd on September 16, 2026.

Metro Brands Limited announced the allotment of 18,772 equity shares under its Metro Stock Option Plan (“ESOP 2008”) on September 11, 2026. The allotment, approved by the company’s Share Allotment and Transfer Committee, increased the paid-up share capital from Rs 1,36,29,63,705 (27,25,92,741 shares) to Rs 1,36,30,57,565 (27,26,11,513 shares). The company clarified that the allotment is not material in nature.

Metro Brands Limited announced the allotment of 18,772 equity shares under its Metro Stock Option Plan (“ESOP 2008”) on September 11, 2026. The allotment, approved by the company’s Share Allotment and Transfer Committee, increased the paid-up share capital from Rs 1,36,29,63,705 (27,25,92,741 equity shares) to Rs 1,36,30,57,565 (27,26,11,513 equity shares). The company clarified that the allotment is not material in nature and details are available on its website.

Metro Brands Limited announced the allotment of 27,400 equity shares under its Metro Stock Option Plan (“ESOP 2008”) on August 20, 2026, increasing the company's paid-up share capital from Rs 1,36,28,26,705 (27,25,65,341 equity shares) to Rs 1,36,29,63,705 (27,25,92,741 equity shares).

Metro Brands Ltd share price ticked higher by 0.72% to Rs 1040.7. The Company's net profit dropped 19.09% to Rs 95.26 crore, while revenue from operations slipped slightly by 6.81% to Rs 720.36 crore in Q2FY26 over Q1FY26. The market capitalization of Footwear industry group stocks on BSE stood at Rs 60807.83 crore, declining 8.89%. It has inched up 2.08% over last one week and crept higher by 4.04% in last one month while the market capitalization of Metro Brands Ltd has marginally improved by 1.32% and 1.95% in the same period respectively. Profit before tax (PBT) of Metro Brands Ltd stood at Rs 126.75 crore in Q2 FY26, slipping 3.11% year-on-year, and tanking 19.06% quarter-on-quarter. EBITDA came in at Rs 188 crore, climbing 13.92% YoY and slipping 8.81% sequentially. Total expenses marginally dropped 4.56% to Rs 590.68 crore in Q2FY26 over Q2FY25. During the quarter, employee benefits expense was at Rs 75.89 crore, ticking higher by 3.13% YoY. For the TTM ended FY26, revenue from operations tick up 6.39% to Rs 2507.39 crore, while net profit contracted by 14.68% to Rs 354.46 crore, compared to previous TTM. EBITDA witnessed a strong improvement of 65666% to Rs 664.45 crore, and PBT saw a minor gain of 8.20% to Rs 503.57 crore compared to previous TTM. The company's consolidated net cash flow from operating activities stood at Rs 697.53 crore in FY26, as against Rs 590.08 crore in FY25. Metro Brands Ltd nosedived by 12.83% in last one year, underperforming the benchmark BSE Sensex which has slipped by 2.94% during the same period.

Metro Brands Limited announced a 14.7% year-on-year increase in consolidated revenue from operations to Rs 720 crore for the quarter ended June 30, 2026, alongside a 10.4% rise in EBITDA to Rs 215 crore, according to a press release. The company, listed on the BSE as 543426 and the NSE as METROBRAND, cited muted demand in April and May due to geopolitical uncertainties but noted improved momentum from mid-June driven by the wedding season, with e-commerce sales contributing 13.1% of revenue; Metro Brands operates 1,041 stores across 222 cities.

Metro Brands will hold a meeting of the Board of Directors of the Company on 4 August 2026.

Metro Brands has allotted 3,873 equity shares under ESOP on 03 July 2026. Consequent to this allotment, the paid-up share capital of the Company stands increased from Rs 1,36,28,07,340/- (consisting of 27,25,61,468 equity shares of Rs 5 each) to Rs 1,36,28,26,705 (consisting of 27,25,65,341 equity shares of Rs 5 each).