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Profit After Tax includes a one-time tax charge of ₹25 crore arising from the reconciliation & reassessment of tax balances in the books, primarily of the Fila business, with balance as per return of income pertaining to earlier years.
In the corresponding quarter of the previous fiscal, Metro Brands posted a net profit of ₹98.8 crore, the company said in a regulatory filing. The company’s revenue from operations increased 10.6% to ₹703 crore as against ₹635.5 crore in the corresponding period of the preceding fiscal.
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At the operating level, EBITDA was up 13.1% to ₹225 crore in the third quarter of this fiscal over ₹199 crore in the corresponding period in the previous fiscal. EBITDA margin stood at 32% in the reporting quarter as compared to 31.3% in the corresponding period in the previous fiscal. EBITDA is earnings before interest, tax, depreciation, and amortisation.
During the nine months ending December 31, 2024, the company opened 61 new stores, offset by 4 closures during the same period. Consequently, the net new store openings for the current year will fall below the guidance of 100 stores. However, the Company is committed to achieving an overall target of 225 store openings by FY26.
During this quarter, the company expanded its retail footprint with the launch of its first Foot Locker store and the first kiosk for New Era, catering to a diverse and growing customer base.
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Nissan Joseph, CEO of Metro Brands, said, “The third quarter of FY 2025 reflects steady progress for Metro Brands as we build on the momentum of the festive season. I am pleased with the growth of 13% EBITDA and 18%
in PBT growth reflecting our continued focus on operational rigour.”
The results came after the close of the market hours. Shares of Metro Brands Ltd ended at ₹1,222.20, up by ₹2.20 or 0.18% on the BSE.
