27 May 2022, Mumbai:
Footwear retail chain Metro Brands’ (MBL) profit after tax was Rs 68 crore in the quarter ended March.
Total revenue from operations for the company stood at Rs 396 crore in the quarter. Nissan Joseph, CEO says, profitability was better than that achieved in the third quarter.
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It achieved a 24.5 percent rise in revenues, a 45.4 percent rise in EBITDA, and a 50.7 percent rise in profit after tax during the revenues.
The retailer maintained the same margin during the quarter as it did in the third.
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Though it increased the prices of a few products, Metro did not witness any demand erosion and was able to match consumer needs, Joseph says.
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The company opened 75 new stores and relocated 12 stores last year. It aims to maintain current growth levels in the future, notes Joseph.
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