Metro Brands Ltd

Metro Brands Ltd is dispatching its Annual Report for FY 2025-26 to shareholders, with the 49th Annual General Meeting scheduled for September 16, 2026. The report and AGM notice are being sent electronically to registered email addresses. For shareholders whose emails are not registered, a letter with a weblink to the Annual Report is being sent via physical mail, in compliance with SEBI regulations. Shareholders are encouraged to update their email addresses for future communications and to support green initiatives. Contact details for RTA MUFG Intime India Private Limited are provided for assistance.

Metro Brands Ltd. has announced its 49th Annual General Meeting (AGM) will be held on Wednesday, September 16, 2026, at 3:00 PM IST. The meeting will be conducted virtually through Video Conferencing/Other Audio Visual Means (VC/OAVM) in compliance with relevant regulations. Key agenda items include the adoption of audited standalone and consolidated financial statements for the fiscal year ended March 31, 2026, confirmation of interim dividend, declaration of final dividend, and the re-appointment of Ms. Alisha Rafique Malik and Ms. Farah Malik Bhanji as Whole-time Director and Managing Director, respectively. The proposed remuneration for the Managing Director is capped at ₹10 crore per annum for a five-year term.

Metro Brands Ltd announced its unaudited financial results for the quarter ended June 30, 2026, at a Board Meeting held on August 04, 2026. The company also approved the convening of its 49th Annual General Meeting (AGM) on September 16, 2026. A record date of September 04, 2026, was set for determining shareholder eligibility for the final dividend for FY 2025-26. Additionally, the board approved the appointment of Mr. Sonny Iqbal as Additional Director and the re-appointment of Ms. Farah Malik Bhanji as Managing Director, both subject to shareholder approval. Several ESOP-related proposals were also approved for shareholder consideration.

Metro Brands Ltd's Board of Directors met on August 04, 2026, approving the convening of the 49th AGM on September 16, 2026. The board also approved the unaudited financial results for the quarter ended June 30, 2026, and set September 04, 2026, as the record date for a final dividend for FY 2025-26. Key management changes were also discussed, including the appointment of Mr. Sonny Iqbal as Additional Director and the re-appointment of Ms. Farah Malik Bhanji as Managing Director, both subject to shareholder approval. Amendments to ESOP plans were also approved for shareholder consideration.

Metro Brands Limited reported its Q1 FY27 results with consolidated revenue from operations growing 14.7% year-on-year to ₹720 crore. EBITDA stood at ₹215 crore, a 10.4% increase, with an EBITDA margin of 29.8%. The company experienced muted demand in April-May due to geopolitical uncertainties but saw improved momentum from mid-June driven by the wedding season and better consumer sentiment. E-commerce sales grew 9% YoY, contributing 13.1% to revenue. Investments in talent, brand-building, and increased occupancy costs impacted PAT margins. Metro Brands expanded its retail footprint by opening 13 new stores, while closing four, bringing its total store count to 1,041 across 222 cities.

Metro Brands Ltd announced that its Board of Directors has fixed Friday, September 04, 2026, as the "Record Date" for determining shareholder eligibility for the Final Dividend for the Financial Year 2025-26. The Board also approved the unaudited financial results for the quarter ended June 30, 2026, and convened the 49th Annual General Meeting for September 16, 2026. Key decisions also included the appointment of a new Additional Director and the re-appointment of the Managing Director, subject to shareholder approval. Additionally, proposals for amendments to ESOP plans and the introduction of a new ESOS were approved for shareholder consideration.

Metro Brands posted consolidated revenue of ₹720.36 Cr for Q1 FY27, up 14.7% YoY from ₹628.24 Cr but down 6.8% QoQ from ₹772.98 Cr — Q1 (monsoon quarter) is seasonally softer than Q4 for footwear retail, so the sequential dip is not the story. Consolidated PAT fell 3.6% YoY to ₹95.26 Cr from ₹98.80 Cr, and was down 19.1% QoQ from ₹117.73 Cr; the YoY decline came even as revenue grew, which is the genuine signal. Basic EPS was ₹3.44 versus ₹3.62 a year ago. Standalone told the same story — PAT of ₹91.37 Cr, down 5.4% YoY from ₹96.62 Cr, on revenue of ₹701.62 Cr — so there is no material divergence between the two bases. The shortfall sits entirely below the gross-margin line. Gross margin (revenue less purchases and inventory movement) held at roughly 59.5% of revenue, in line with ~59.3% a year ago and better than Q4 FY26's ~57.8% — so the Street's flagged watch item on "58% gross margin sustainability" was not the problem this quarter. Instead, employee benefits expense rose 20.5% YoY (₹75.89 Cr vs ₹62.96 Cr), depreciation & amortisation rose 23.4% YoY (₹84.97 Cr vs ₹68.84 Cr) and finance costs rose 25.1% YoY (₹29.62 Cr vs ₹23.68 Cr) — all well ahead of 14.7% revenue growth. That pulled operating margin down to 29.8% from 30.9% a year ago (30.8% in Q4 FY26), and net margin to 12.8% from 15.0% a year ago (14.6% in Q4 FY26). The jump in depreciation and finance costs tracks continued store-network expansion and associated lease charges, while the employee-cost increase lines up with this quarter's leadership additions (Manoj Juneja as Chief Business Officer-Sports, Atul Sinha as President) and the technology investment (POS, AI, SAP) management flagged on the last call. Against management's own May 2026 guidance — ~15% YoY revenue growth, high-20s-to-low-30s% EBITDA margin, mid-teens PAT growth for FY27 — revenue growth (14.7%) and EBITDA margin (~32-33% of total income, computed as PBT plus finance costs and depreciation) are broadly on track, but PAT growth missed outright, posting a decline instead of a mid-teens gain. Against the pre-result Street preview (revenue ~₹744 Cr, +17.4% expected; PAT growth ~+16.9% YoY expected; consensus target ₹1,247), the actual print undershot both the revenue and profit bar, validating the bear case the preview flagged: new-store cost economics (depreciation, finance cost, staffing) are outrunning revenue rather than delivering the operating leverage the bull case needed. No management press release or concall commentary was available in the context to check the company's own framing against these numbers; the August 5 earnings call is the next checkpoint. Separately, the Board approved a new ESOS 2026 scheme (54.5 lakh options, exercise price at 50% of trailing-quarter VWAP) and set September 4, 2026 as the record date for the FY26 final dividend — both corporate actions unrelated to the operating print.

Metro Brands Ltd's Board of Directors met on August 04, 2026, to approve the unaudited financial results for the quarter ended June 30, 2026 (Standalone and Consolidated). The board also announced the 49th Annual General Meeting (AGM) scheduled for September 16, 2026. A record date of September 04, 2026, was set for determining shareholder eligibility for the final dividend for FY 2025-26. The meeting also addressed director appointments and re-appointments, including the appointment of Mr. Sonny Iqbal as Additional Director and the re-appointment of Ms. Farah Malik Bhanji as Managing Director, both subject to shareholder approval. Additionally, amendments to the ESOP 2008 and the approval of the ESOS 2026 scheme were considered for shareholder approval at the AGM.

Metro Brands Ltd has announced that its Board of Directors will convene on August 4, 2026, to consider and approve the Unaudited Financial Results (Standalone and Consolidated) for the first quarter ended June 30, 2026. The meeting will also include the review of the Limited Review Report from the company's statutory auditors. Following this announcement, the trading window for designated persons and their immediate relatives, which was closed since June 26, 2026, will reopen on August 7, 2026, 48 hours after the financial results are declared. This meeting is a routine procedural step for the company to disclose its quarterly financial performance.

Metro Brands Ltd has announced the closure of its trading window for designated persons and their immediate relatives. The window will be effective from Wednesday, July 1, 2026, and will remain closed until 48 hours after the declaration of the company's unaudited financial results for the quarter ending June 30, 2026. This measure is in compliance with SEBI PIT Regulations and the company's internal code of conduct for preventing insider trading. The company will provide further details regarding the board meeting and the opening of the trading window in due course.