Metro Brands Q3 FY26 Revenue Up 15% Driven by Festive Demand
Metro Brands Limited reported a 15% revenue growth in Q3 FY26, driven by festive demand and GST reduction. E-commerce sales grew 24%. The company opened 35 new stores in the quarter. CEO Nissan Joseph expressed satisfaction with the growth momentum and strategic investments.
The revenue growth and store expansion indicate positive business performance, which could have a medium-term impact on investors.
The company reported strong revenue growth driven by positive market conditions and strategic initiatives, with positive commentary from the CEO.
Metro Brands Limited (MBL) has reported a 15% revenue growth for the third quarter of FY26, attributed to strong festive and wedding season demand, further supported by a reduction in GST on footwear priced below ₹2,500.
For the nine-month period ending December 2025, the company achieved a 12% revenue growth. E-commerce and omni-channel sales saw a significant increase of 24% during the quarter, now contributing 12% to the total revenue, up from 11% in Q3 FY25. Digital sales for 9M FY26 grew by 35%, accounting for 13% of revenue.
In terms of store network expansion, MBL opened 35 new stores and closed 11 during Q3 FY26. Over the nine-month period, 100 new stores were added, with 18 closures, reflecting a calculated approach to expansion.
Mr. Nissan Joseph, CEO of Metro Brands Limited, commented, “I’m pleased to see our growth momentum continue with a 15% increase in revenue. Q3 reinforces our view that long term retail success is built through scale, portfolio depth, and rigorous execution. We are shaping a diversified platform that spans fashion, comfort, and performance, with strong omni-channel capability at its core. Our investments in brand, digital, and international partnerships are deliberate and long-term, and they are designed to strengthen resilience and compound growth over time.”
Business updates include the launch of MetroActiv, the company's multi-brand sports performance retail concept, in Indore, Dehradun, and Jodhpur, along with the launch of www.metroactiv.com. The company currently operates six Foot Locker stores in India, with new store additions moderated due to BIS-related supply challenges for select external brands. FILA footwear manufacturing has been localized in India, with 2-3 exclusive brand outlets planned in Q4 FY26. Under its partnership with New Era Cap, LLC., the company operates 4 stores and 5 kiosks across India.
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