METRO BRANDS POSTS NET PROFIT OF ₹73.8 Cr IN Q2

Mumbai, October 19, 2022: Metro Manufacturers Restricted (MBL) is without doubt one of the largest Indian footwear specialty retailers and is amongst the aspirational Indian manufacturers within the footwear class, right this moment declared its standalone and consolidated monetary outcomes for the quarter and 6 months ended September 30, 2022

Quarter ended September 30, 2022 (Q2FY23):

Whole Income stood at ₹ 463.3 Crore, y-o-y development of 47.4%

EBITDA of ₹ 143.1 Crore; y-o-y development of 56.3%

PAT stood at ₹ 73.8 Crore; y-o-y development of 46.9%

Fundamental EPS for Q2FY23 stood at ₹ 2.72, as in comparison with ₹ 1.89 for Q2FY22

28 new shops opening in Q2FY23 

Half yr ended September 30, 2022 (H1FY23):

Whole Income stood at ₹ 960.5 Crore, y-o-y development of 118.1%

EBITDA of ₹ 324.0 Crore; y-o-y development of 200.8%

PAT stood at ₹ 176.9 Crore; y-o-y development of 342.8%

Fundamental EPS for H1FY23 stood at ₹ 6.52, as in comparison with ₹ 1.50 for H1FY22

48 new shops opening in H1FY23

Whole Income from operations for the quarter ended September 30, 2022 stood at ₹ 463.3 Crore, as in comparison with ₹ 314.3 Crore in the identical interval final yr. Earnings earlier than Curiosity, Tax, Depreciation and Amortization (EBITDA) in Q2FY23 stood at ₹ 143.1 Crore, as in comparison with ₹ 91.5 Crore within the corresponding quarter of final yr. EBITDA margin stood at 30.9% in Q2FY23 as in comparison with 29.1% in Q2FY22.

Internet Revenue after tax stood at ₹ 73.8 Crore for Q2FY23, as in comparison with ₹ 50.2 Crore within the corresponding quarter of final yr. PAT margin stood at 15.9% in Q2FY23 as in comparison with 16.0% in Q2FY22. Fundamental Earnings per share (EPS) for Q2FY23 stood at ₹ 2.72, as in comparison with ₹ 1.89 for Q2FY22. Whole Income from operations for the Half yr ended September 30, 2022 stood at ₹ 960.5 Crore, as in comparison with ₹440.5 Crore in the identical interval final yr. Earnings earlier than Curiosity, Tax, Depreciation and Amortization (EBITDA) in H1FY23 stood at ₹ 324.0 Crore, as in comparison with ₹ 107.7 Crore throughout H1FY22. EBITDA margin stood at 33.7% in H1FY23 as in comparison with 24.4% in H1FY22. Internet Revenue after tax stood at ₹ 176.9 Crore for H1FY23, as in comparison with ₹ 40.0 Crore in H1FY22. PAT margin stood at 18.4% in H1FY23 as in comparison with 9.1% in H1FY22. Fundamental Earnings per share (EPS) for H1FY23 stood at ₹ 6.52, as in comparison with ₹ 1.50 for H1FY22

Consolidated quarterly ‘Y-O-Y’ efficiency

Whole Income from operations for the quarter ended September 30, 2022 stood at ₹ 476.3 Crore, as in comparison with ₹324.6 Crore in the identical interval final yr. Earnings earlier than Curiosity, Tax, Depreciation and Amortization (EBITDA) in Q2FY23 stood at ₹ 147.6 Crore, as in comparison with ₹ 97.0 Crore within the corresponding quarter of final yr. EBITDA margin stood at 31.0% in Q2FY23 as in comparison with 29.9% in Q2FY22. Internet Revenue after tax stood at ₹ 77.9 Crore for Q2FY23, as in comparison with ₹ 55.2 Crore within the corresponding quarter of final yr. PAT margin stood at 16.4% in Q2FY23 as in comparison with 17.0% in Q2FY22. Fundamental Earnings per share (EPS) for Q2FY23 stood at ₹ 2.87, as in comparison with ₹ 2.08 for Q2FY22.

Consolidated half yearly ‘Y-O-Y’ efficiency

Whole Income from operations for H1FY23 stood at ₹ 984.3  Crore, as in comparison with ₹ 456.0 Crore in the identical interval final yr. Earnings earlier than Curiosity, Tax, Depreciation and Amortization (EBITDA) in H1FY23 stood at ₹ 331.0 Crore, as in comparison with ₹111.4 Crore throughout H1FY22. EBITDA margin stood at 33.6% in  H1FY23 as in comparison with 24.4% in H1FY22. Internet Revenue after tax  stood at ₹ 183.7 Crore for H1FY23, as in comparison with ₹ 43.1 Crore  in H1FY22. PAT margin stood at 18.7% in H1FY23 as in comparison with 9.4% in H1FY22. Fundamental Earnings per share (EPS) for H1FY23 stood at ₹ 6.76, as in comparison with ₹ 1.62 for H1FY22.

“We’re happy with our efficiency for Q2 2022 as we delivered topline development of 47% over final yr together with a constant movement by to our EBITDA and PAT. We opened a complete of 37 shops within the quarter which incorporates 4 relocated shops and 5 closed shops placing us properly on tempo to open the 260 shops we dedicated to opening within the subsequent 3 years. Moreover, we’re very excited concerning the acquisition of Cravatex Manufacturers Ltd. which inserts with our strategic imaginative and prescient of increasing within the sports activities and athleisure area with unique rights to distribute FILA within the Indian sub-continent and possession of the Proline Model. These additional advances us to our imaginative and prescient of being India’s largest specialty footwear and equipment retailer.“

About Metro Manufacturers Restricted                                                                                Metro Manufacturers is without doubt one of the largest Indian footwear specialty retailers and is amongst the aspirational Indian manufacturers within the footwear class. The corporate opened its first retailer beneath the Metro model in Mumbai in 1955, and have since advanced right into a one-stop store for all footwear wants, by retailing a variety of branded merchandise for your entire household together with males, girls, unisex and youngsters, and for each event together with informal and formal occasions. Along with males’s, girls’s, and child’s footwear, it additionally has a variety of purses, belts, wallets, and many others.

Metro Manufacturers retail footwear beneath its personal manufacturers of Metro, Mochi, Walkway, Da Vinchi and J. Fontini, in addition to sure third-party manufacturers corresponding to Crocs, Fitflop, Skechers, Clarks and Adidas which enhance its in-house manufacturers. The Metro footwear vary is specifically curated based mostly on the regional sensitivity to cater to the wants of various areas.
As of September 30, 2022, the Firm operated 672 Shops  throughout 158 cities unfold throughout 30 states and union territories in India.