Metro Brands Holds 49th AGM, Discusses FY26 Performance & Future Plans
Metro Brands Limited conducted its 49th AGM on September 16, 2026. FY26 consolidated revenue grew 14.2% to ₹2,864 crore, with PAT at ₹416 crore. The company surpassed 1,000 stores, adding 124 net stores. E-commerce revenue increased 39%. An interim dividend of ₹3 and a final dividend of ₹3 per share were declared.
The AGM summary provides insights into the company's financial health and strategic direction, including dividend declarations and stock option plans, which are important for investors. However, it does not involve a new major corporate action like a merger or acquisition.
The announcement details strong financial performance with significant growth in revenue and profit, exceeding expectations and demonstrating resilience. The expansion of store network and e-commerce also contributes positively.
Metro Brands Limited held its 49th Annual General Meeting (AGM) on Wednesday, September 16, 2026, commencing at 3:00 p.m. and concluding at 4:24 p.m. through Video Conferencing (VC)/Other Audio-Visual Means (OAVM). The meeting was chaired by Mr. Rafique Abdul Malik, Chairman of the Company.
During the AGM, Ms. Farah Malik Bhanji, Managing Director, highlighted the company's performance for FY 2025-26, stating that consolidated revenue from operations grew by 14.2% to ₹ 2,864 crore. EBITDA increased by 14.5% to ₹ 869 crore, and profit after tax rose by 17.3% to ₹ 416 crore, with an EBITDA margin of 30.3%. She also emphasized the company's focus on sustainability and responsible expansion.
Mr. Nissan Joseph, CEO, presented key achievements and strategic initiatives for FY 2025-26, noting the company crossed the milestone of 1,000 stores, with a net addition of 124 stores, bringing the total network to 1,032 stores. E-commerce revenue grew by 39%, contributing 12.9% of overall revenue. Investments in distribution, supply chain, talent, marketing, technology, data, and AI were also highlighted, along with new partnerships and formats.
The AGM transacted several businesses through e-voting, including the adoption of audited standalone and consolidated financial statements for the FY ended March 31, 2026, confirmation of interim dividend and declaration of a final dividend of ₹ 3 per equity share. Re-appointments of directors, approval of independent director appointment, and remuneration for the Non-Executive Chairman were also on the agenda. Additionally, resolutions concerning amendments to the METRO Stock Option Plan 2008 and the Metro Brands Limited – Employee Stock Option Scheme 2026, including grants and secondary acquisitions, were approved.
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Metro Brands Limited filed this with the NSE as a statutory disclosure, categorised under agm. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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