Board approves unaudited standalone and consolidated results for Q2 and H1; auditor review unmodified
Board met on October 15, 2026 (1:47 P.M. to 5:09 P.M.) and approved the unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2026.
By ScoutQuest · · 3 min read
| Line item | Latest | Year ago | YoY | Prev qtr | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 730.27 | 651.14 | +12.2% | 720.36 | +1.4% |
| Total income | 753.21 | 679.32 | +10.9% | 746.67 | +0.9% |
| Profit before tax | 102.76 | 91.12 | +12.8% | 126.75 | −18.9% |
| Profit after tax | 77.28 | 68.98 | +12% | 95.26 | −18.9% |
| Total comprehensive income | 77.26 | 68.93 | +12.1% | 96.07 | −19.6% |
| Basic EPS | 2.78 | 2.49 | +11.6% | 3.44 | −19.2% |
- Total income YoY change
- +10.9% (Year ago 679.32)
- Period
- Quarter ended September 30, 2026
Auditor's review
Conclusion: Unmodified
- Other matter: one subsidiary and one joint venture reviewed by other auditors; one subsidiary's results unreviewed and certified by Management, not material; conclusion not modified.
Notes to the results
- During the quarter the Company granted 3,30,619 Employee Stock Options under ESOP 2008 and 46,172 options were exercised.
- Final dividend of ₹ 3.00 per equity share, recommended on May 20, 2026, approved at AGM on September 16, 2026 and paid on September 28, 2026.
What the Board approved
The Board of Directors met on Thursday, October 15, 2026, from 1:47 P.M. to 5:09 P.M., and approved the unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2026, along with the Limited Review Reports issued by the statutory auditors. The results will be published in the newspapers and uploaded on the websites of BSE Limited, the National Stock Exchange of India Limited and the company's website.
Auditor's review conclusion
- The limited review reports on both the standalone and the consolidated results carry an unmodified conclusion.
- The auditors state that nothing has come to their attention that causes them to believe the statements contain any material misstatement.
- The consolidated statement covers Metro Brands Limited (holding company), Metmill Footwear Private Limited and Metro Athleisure Limited (subsidiaries) and M.V. Shoe Care Private Limited (joint venture).
Standalone performance (figures as printed, ₹ in Crores)
- 'Revenue from operations' was 711.79 for the quarter ended September 30, 2026, against 635.97 in the same quarter a year earlier.
- 'Profit after tax' was 73.00 for the quarter, against 64.10 a year earlier.
- For the six months ended September 30, 2026, 'Revenue from operations' was 1,413.41 (previous year 1,251.06), 'Total income' 1,461.38, 'Profit before tax' 219.50 and 'Profit after tax' 164.37 (previous year 160.72).
Consolidated performance (figures as printed, ₹ in Crores)
- 'Revenue from operations' was 730.27 for the quarter, against 651.14 a year earlier.
- 'Profit after tax' was 77.28 for the quarter, against 68.98 a year earlier.
- For the six months ended September 30, 2026, 'Revenue from operations' was 1,450.63 (previous year 1,279.38), 'Total income' 1,499.88, 'Profit before tax' 229.51, and 'Profit after tax' 172.54 (previous year 167.78).
- Earnings per share (basic, not annualised) was 2.78 for the quarter and 6.22 for the six months.
Other disclosures in the notes
- 3,30,619 employee stock options were granted to eligible employees under Employee Stock Options Plan 2008 during the quarter ended September 30, 2026, and 46,172 employee stock options were exercised during the quarter.
- A final dividend of ₹ 3.00 per equity share, recommended by the Board on May 20, 2026, was approved by shareholders at the Annual General Meeting held on September 16, 2026 and paid by the company on September 28, 2026.
- The company operates in a single reporting segment, trading of fashion footwear, bags and accessories, and has no geographical segment to report since all operations are undertaken in India.
- Group entities: one subsidiary had total assets of Rs. 82.39 crores as at September 30, 2026, with total revenues of Rs. 18.66 crores and Rs. 37.40 crores and net profit after tax of Rs. 3.07 crores and Rs. 6.07 crores for the quarter and the period respectively; the Group's share of the joint venture's net profit was Rs. 0.32 crores and Rs. 0.70 crores; another subsidiary had total assets of Rs. 16.74 crores with total revenues of Rs. 2.57 crores and Rs. 4.79 crores, and its interim results have not been reviewed by its auditor and are not material to the Group.
How to read this
This is the company's regular quarterly results disclosure. The review conclusion being unmodified means the auditors did not flag any material misstatement in the statements they reviewed. The figures quoted above are the ones to compare against the year-earlier periods to judge the direction of the business.
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Metro Brands reported Q2 results with 12% revenue growth and improved margins, with management citing festive season shift to Q3 as a factor and discussing festive demand outlook
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More numbers
- Standalone 'Revenue from operations' - quarter ended September 30, 2026711.79
- Standalone 'Profit after tax' - quarter ended September 30, 202673.00
- Standalone 'Profit after tax' - six months ended September 30, 2026164.37
- Consolidated 'Profit after tax' - six months ended September 30, 2026172.54
- Employee stock options granted during the quarter3,30,619
- Final dividend per equity share₹ 3.00
- Total income, latest quarter753.21 (₹ in Crores)
- Total income, year-ago quarter679.32 (₹ in Crores)
- Total income, previous quarter746.67 (₹ in Crores)
- Total comprehensive income, latest quarter77.26 (₹ in Crores)
- Total comprehensive income, year-ago quarter68.93 (₹ in Crores)
- Total comprehensive income, previous quarter96.07 (₹ in Crores)
- Profit after tax, latest quarter77.28 (₹ in Crores)
- Profit after tax, year-ago quarter68.98 (₹ in Crores)
- Profit after tax, previous quarter95.26 (₹ in Crores)
- Revenue from operations, latest quarter730.27 (₹ in Crores)
- Revenue from operations, year-ago quarter651.14 (₹ in Crores)
- Revenue from operations, previous quarter720.36 (₹ in Crores)
- Profit before tax, latest quarter102.76 (₹ in Crores)
- Profit before tax, year-ago quarter91.12 (₹ in Crores)
- Profit before tax, previous quarter126.75 (₹ in Crores)
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