Metro Brands reports 6.4% revenue growth, targets 15-18% long-term, declares ₹2.50 final dividend
The announcement includes significant financial results for FY2024-25, key strategic developments (new partnerships, brand repositioning), a dividend declaration, and a strong forward-looking revenue growth projection (15-18%), all of which are highly impactful for investors and the company's future direction.
The company reported positive financial performance with revenue growth, strong EBITDA margins, significant store expansion, and e-commerce growth. Strategic initiatives like new brand partnerships and a positive future revenue growth guidance of 15-18% also contribute to a positive outlook.
Metro Brands Limited held its 48th Annual General Meeting (AGM) on Thursday, September 18, 2025, from 3:00 p.m. to 4:19 p.m. via Video Conferencing/Other Audio-Visual Means.
* Financial Performance (FY2024-25): * Revenue grew by 6.4% to ₹2,507 crore, driven by disciplined store expansion. * EBITDA stood at ₹760 crore, with a margin improvement to 30.3%. * Gross margins were 57.7%, and Profit after Tax (PAT) was ₹354 crore, impacted by one-time tax adjustments in the FILA business. * In-house brands contributed 74% of revenue. * The company added 70 net stores, crossing the 900-store mark with 908 stores as of March 31, 2025. * E-commerce recorded approximately 20% growth, contributing 10.6% of total revenue.
* Strategic Highlights: * Launched India’s first Foot Locker store and entered a long-term distribution agreement with New Era Cap, LLC. * Announced a partnership with Clarks in June 2025, adding to its premium footwear portfolio. * Successfully repositioned FILA after completing a multi-year inventory liquidation exercise. * Achieved its sustainability goal of recycling one pair of shoes for every pair sold, ahead of schedule.
* Management Outlook: * Ms. Farah Malik Bhanji, Managing Director, re-affirmed focus on consistent, profitable growth, strengthening in-house brands, expanding international partnerships, and driving store expansion. * Mr. Nissan Joseph, CEO, noted stable financial results and expressed confidence in achieving a medium to long-term revenue growth projection of 15-18%, citing supportive government measures and expected lower interest rates.
* Key Resolutions Passed: * Adopted audited standalone and consolidated financial statements for FY2024-25. * Confirmed interim and special dividends of ₹3/- and ₹14.50/- per share respectively, and declared a final dividend of ₹2.50/- per share for FY2024-25. * Re-appointed Ms. Farah Malik Bhanji as Managing Director and Mr. Mohammed Iqbal Hasanally Dossani as Whole-Time Director. * Approved remuneration for Mr. Rafique Abdul Malik, Non-Executive Chairman. * Approved the appointment of CS Sekar Ananthanarayan as Secretarial Auditor. * Approved the re-appointment of Ms. Mumtaz Amirali Jaffer as Retainer (related party to office or place of profit).
* E-voting: Remote e-voting was available from September 15-17, 2025, and e-voting during the meeting continued for 30 minutes post-conclusion. The combined results will be announced within two working days.
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Metro Brands Limited filed this with the NSE as a statutory disclosure, categorised under results. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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