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Metro Brands Q3 is fine, but growth lane may be rocky ahead
Mint Kolkata
|January 21, 2025
Metro Brands Ltd's results for the quarter ending December (Q3FY25) showed a decent improvement on some counts.
Metro Brands Ltd's results for the quarter ending December (Q3FY25) showed a decent improvement on some counts. For instance, while revenue per square foot continued to drop year-on-year, the 1% decline was the slowest in the past seven quarters.
The footwear retailer's consolidated revenue of ₹703 crore meant growth stood at 10.6%, much better than the 2% growth seen in H1FY25. That's because Q3 was marked by a recovery in sales due to the festive and wedding season after a dull H1FY25.
Q3 growth could have been better if it wasn't for the early onset of discounts at several retailers.
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