Metro Brands Q2 FY27: consolidated revenue up 12.2% to INR 730 crore, PAT up 12.0%; Clarks EBOs slated for H2 FY27
Q2 FY27 consolidated revenue up 12.2% to INR 730 Cr, EBITDA up 15.8%, PAT up 12.0%; H1 PAT up only 2.8%.
By ScoutQuest · · 1 min read
- Q2 FY27 Revenue
- INR 730 crore, up 12.2% against 651
- Q2 FY27 EBITDA and PAT
- EBITDA up 15.8% to 198; PAT up 12.0% to 77; EBITDA margin 27.1%
- H1 FY27 PAT
- PAT rose only 2.8% to 173; PAT margin falling to 11.9% from 13.1%
- Period
- Q2 FY27 / H1 FY27
- Positioning
- Metro Brands presents itself as a footwear retailer with 1000 stores and gross sales above Rs. 3000 crore, and as a platform of choice for third-party brands entering India.
📈 Consolidated Q2 FY27 revenue was INR 730 crore against 651, up 12.2%, with EBITDA up 15.8% to 198 and PAT up 12.0% to 77; EBITDA margin rose to 27.1%. For H1 FY27, revenue grew 13.4% to 1,451 but PAT rose only 2.8% to 173, with PAT margin falling to 11.9% from 13.1%.
📈 The company attributes modest Q2 growth to festive demand shifting into Q3. It opened 21 stores and closed 9 in the quarter; e-commerce grew 12% and held at 14.2% of revenue. H1 margins were hit by talent and brand investment, minimum wage revisions, occupancy costs and lower treasury income.
🏭 Management states Clarks EBOs are expected to launch in the later half of FY27, Fila's repositioning should materialise over 12-18 months with store expansion picking up from FY29, and New Era is moving from kiosks to EBOs. It says BIS issues have slowed Foot Locker and MetroActiv expansion, which it will calibrate.
🏭 The presentation lists five long-term levers: profitable store expansion, leveraging its multi-brand platform, e-commerce growth, sports and athleisure through Fila, Foot Locker, New Era and MetroActiv, and inorganic opportunities. Net core working capital days rose to 97 from 83 a year earlier.
Also from Metro Brands
Q2 FY27 call: revenue up 12.2% to INR730 crores, 1,053 stores, Clarks stores planned for H2 FY27
23 Oct 2026
Metro Brands concludes Q2/H1 FY27 earnings conference call on Oct 16, 2026; recording on website
16 Oct 2026
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
16 Oct 2026
More numbers
- Consolidated revenue, Q2 FY27730 (In INR Crore)
- Consolidated revenue growth YoY, Q2 FY2712.2%
- Consolidated EBITDA, Q2 FY27198 (In INR Crore)
- Consolidated PAT, Q2 FY2777 (In INR Crore)
- Consolidated PAT growth YoY, Q2 FY2712.0%
- Consolidated revenue, H1 FY271,451 (In INR Crore)
- Consolidated PAT, H1 FY27173 (In INR Crore)
- Consolidated PAT growth YoY, H1 FY272.8%
- Consolidated PAT margin, H1 FY2711.9%
- Revenue from operations, FY262,864 (INR Cr)
- PAT, FY26416 (INR Cr)
- Net core working capital days, 30-Sep-2697
- New stores opened, Q2 FY2721
- Total assets, 30 Sep 20264,151 (In INR Crore)
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