Brands-To-Retail Hits: 2154

Metro Brands reports Q4 FY’22 results

Brands-To-Retail Hits: 2154
Metro Brands reports Q4 FY’22 results
Brands-To-Retail Hits: 2154

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.

ALSO READ Metro Brands launches new athlesiure range

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.

RELEVANT NEWS Metro Brands signs strategic partnership deal with footwear brand 'FlipFlop'

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.

ALSO READ Indian Terrain Fashions to open multiple new outlets

The company opened 75 new stores and relocated 12 stores last year. It aims to maintain current growth levels in the future, notes Joseph.

Join our community on Linkedin 

Author’s Posts