Metro Brands Ltd Achieves One Recycled Shoe for Every Sold Shoe Ahead of Schedule in FY 2024-25

Metro Brands Ltd (MBL) delivered a resilient financial performance in FY 2024-25, with revenue rising 6.4% year-on-year to INR 2,507 Crores. The growth was driven by disciplined store expansion, with 70 net store additions. Gross margin stood at 57.7%, ahead of guidance, with in-house brands at multi-brand outlets contributing 74% of revenue. EBITDA grew 8.2% to INR 760 Crores, with margin improvement to 30.3%. Profit after tax was INR 354 Crores, lower than the previous year due to one-time tax adjustments related to historical reconciliations in the FILA business. Sustainability continues to be a focus, with MBL achieving its goal of recycling one pair of shoes for every pair sold within two years ahead of schedule.