Metro Brands543426Footwear retail
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
By ScoutQuest · · 1 min read
- Revenue growth
- 12 percent
- PAT margin
- 27 percent
- Online/omni-channel contribution to revenue
- 14 percent
- Gross margin
- 57 percent
- Gross margin improvement
- 2 percent
Heard on business television between 10:18:16 - 10:21:16 IST.
- Revenue grew around 12% in Q2 despite the festive season shifting to Q3; CEO Anisan Joseph said growth came from both ASP increases and volume growth.
- Gross margins improved by 2 percentage points to 57%, with PAT margins improving to 14% growth over the 12% revenue growth.
- Online and omni-channel sales grew well, contributing almost 14% to revenue.
- CEO said Durga Puja and the festive shift affected stores in late September, though July and August trended well; demand was seen across city tiers and store formats.
- Management estimated the festive season offset would add 200-300 basis points to total numbers in Q3.
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