Metro Brands zooms 8.55% as net profit for FY22 shows exponential growth

Metro Brands zooms 8.55% as net profit for FY22 shows exponential growth  

by 5paisa Research Team Last Updated: Dec 14, 2022 - 10:54 pm 27.3k Views


Rakesh Jhunjhunwala backed Metro Brands witnessed a rally in Monday's trading session on the back of robust Q4 results. 

At today’s intraday high of Rs 582.80, Metro Brands surged 8.55% and closed at Rs Rs 547.90 up 2.05% from the previous close.  

On Friday, post market hours, the leading shoe brand declared its financial performance for the quarter and year ended on March 31, 2022. The company recorded income from operations at Rs 403.16 crore in Q4FY22 which is an increase of 26.26% YoY. EBIDTA of the company increased 52.86% on YoY and stood at Rs 129.84 crore. The company reported PAT of Rs 69.02 crore as against Rs 41.44 crore a year ago, which is an increase of 66.55%. EBITDA margins grew by 561 bps and stood at 32.21% and while PAT margins jumped by 414 bps at 17.12%. 

In FY22, the revenue from operations stood at Rs 1342.93 crore which grew 67.85% compared to FY21. EBITDA grew by 138.5% at Rs 410 crore while PAT grew 231.4% YoY at Rs 214 crore. The footwear retailer added 87 new stores in the full year of FY22.         

In its exchange filing on April 20, the company has also informed about the investment in Thaely Private Limited, a company engaged in the business of marketing and selling sustainable sneaker shoes in a cash acquisition for 5.03% of the equity stake for a total consideration of Rs 2.67 crore. The acquisition is expected to be completed by July 31, 2022, subject to the fulfilment of all the regulatory requirements.  

“We had the best ever Q4 both in terms of top line and bottom line, capping off an exceptional year for Metro Brands Limited despite the numerous headwinds. We saw strong performance across all our store concepts, categories, and the cities that we operate in”, stated Nissan Joseph, CEO, Metro Brands.  

Metro Brands retail footwear under its brands Metro, Mochi, Walkway, Da Vinchi and J. Fontini, as well as certain third-party brands such as Crocs, Skechers, Clarks, Florsheim, and Fitflop, which complement its in-house brands. Since, its muted debut on the bourses on December 22, 2021, the shares of Metro Brands have logged a gain of 25.66% to date.      

Share Market Today

How do you rate this article?


Start Investing in 5 mins*

Rs. 20 Flat Per Order | 0% Brokerage

About the Author

Our research team is composed of some highly qualified research professionals, their expertise range across sectors.


Investment/Trading in securities Market is subject to market risk, past performance is not a guarantee of future performance. The risk of loss in trading and investment in Securities markets including Equites and Derivatives can be substantial. Also, The
Open Free Demat Account
Resend OTP
Please Enter OTP
Account belongs to

By proceeding, you agree to the T&C.

Latest News
What you must know about Updater Services IPO?

Updater Services Ltd, was incorporated in the year 1990 to offer facility management services and business support services. Updater Services Ltd predominantly operates in the Business-to-Business (B2B) services space offering a range of business services.

  • Sep 21, 2023
Stocks in News Today

Our analysts at 5paisa scan through the financial markets and select the few trending stocks which were in the news and in the limelight for the day. Here is the list of a few trending stocks with their latest News and Updates.

  • Sep 21, 2023
Yatra Online IPO Subscribed 1.61 times at close

The ₹775 crore of Yatra Online IPO, consisted of a combination of fresh issue and offer for sale. The fresh issue was to the tune of ₹602 crore while the offer for sale (OFS) was worth ₹173 crore.

  • Sep 20, 2023