Results reported 15 October 2026 | Footwear retail | Consolidated
The Quick Take
Metro Brands’ Q2 FY27 revenue rose 12.2% to Rs 730 cr, and net profit rose 12% to Rs 77.3 cr. Half-year profit grew only 2.8%, because PAT margin fell from 13.1% to 11.9% on staff costs, occupancy and lower treasury income.
Q2 FY27 snapshot (consolidated, Rs crore)
| Metric | Q2 FY27 | Comparison |
|---|---|---|
| Revenue | 730.27 | +12.2% (Q2 FY26: 651.14) |
| EBITDA | 198 | +15.8%; margin 27.1% |
| Net profit | 77.28 | +12.0% (Q2 FY26: 68.98) |
| Basic EPS | Rs 2.78 | Rs 2.49 a year earlier |
- H1 FY27 revenue Rs 1,451 cr (+13.4%); H1 EBITDA Rs 413 cr; H1 PAT Rs 173 cr (+2.8%).
- Stores: 21 opened and 9 closed in Q2; 1,053 stores across 223 cities.
- E-commerce grew 12% and is 14.2% of revenue.
Management commentary
No numeric forward guidance. The company attributes the Q2 and H1 softness to festive demand moving into Q3.
Risks
- Festive timing shift.
- Higher front-end staff costs after minimum wage revisions.
- Rising occupancy costs.
Setup
Neutral. Q2 growth is steady and margin held near 27%, but H1 profit lags revenue. Q3 festive timing is the next test.
This is educational analysis, not personalized investment advice. Do your own research before investing.
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