Conference Call with Metro Brands Management and Analysts on Q3FY23 Performance and Outlook. Listen to the full earnings transcript.
Footwear stores Metro Brands announced Q3FY23 results: Q3FY23: Total Revenue stood at Rs 577 crore, YoY growth of 21.3% EBITDA of Rs 204 crore; YoY growth of 21.9% PAT stood at Rs 115 crore; YoY growth of 14.5% Basic EPS for Q3FY23 stood at Rs 4.22, as compared to Rs 3.76 for Q3FY22 48 new stores opening in Q3FY23, highest ever new store openings per quarter till date 9MFY23: Total Revenue from operations stood at Rs 1538 crore, YoY growth of 67.8% EBITDA of Rs 528 crore; YoY growth of 92.0% PAT stood at Rs 292 crore; YoY growth of 108.1% Basic EPS for 9MFY23 stood at Rs 10.74, as compared to Rs 5.26 for 9MFY22 96 new stores were opened in 9MFY23 Commenting on the Q3’FY2023 results of the company, Nissan Joseph, CEO, Metro Brands Limited, said : "It is exciting to see the growth and record-setting performance in Q3. Despite going against pent-up demand and wardrobe refreshes from last year, the team delivered its best quarter by achieving a 24% YOY growth with consistent flowthroughs to our EBITDA and PAT. Our investments in people and processes enabled us to open a record 48 net new stores in the quarter across our portfolio of brands building on the premium positioning of our brands while continuing to grow our digital commerce sales.” Result PDF
Conference Call with Metro Brands Management and Analysts on Q2FY23 Performance and Outlook. Listen to the full earnings transcript.
Footwear company Metro Brands announced Q2FY23 results: Standalone: Q2FY23: Total Revenue stood at Rs 463.3 crore, YoY growth of 47.4% EBITDA of Rs 143.1 crore; YoY growth of 56.3% PAT stood at Rs 73.8 crore; YoY growth of 46.9% Basic EPS for Q2FY23 stood at Rs 2.72, as compared to Rs 1.89 for Q2FY22 28 new stores opening in Q2FY23 H1FY23: Total Revenue stood at Rs 960.5 Crore, YoY growth of 118.1% EBITDA of Rs 324.0 crore; YoY growth of 200.8% PAT stood at Rs 176.9 crore; YoY growth of 342.8% Basic EPS for H1FY23 stood at Rs 6.52, as compared to Rs 1.50 for H1FY22 48 new stores opening in H1FY23 Consolidated: Q2FY23: Total Revenue stood at Rs 476.3 crore, YoY growth of 46.7% EBITDA of Rs 147.6 crore; YoY growth of 52.2% PAT stood at Rs 77.9 crore; YoY growth of 41.1% Basic EPS for Q2FY23 stood at Rs 2.87, as compared to Rs 2.08 for Q2FY22 28 new stores opening in Q2FY23 H1FY23: Total Revenue from operations stood at Rs 984.3 crore, YoY growth of 115.8% EBITDA of Rs 331.0 crore; YoY growth of 197.1% PAT stood at Rs 183.7 crore; YoY growth of 326.4% Basic EPS for H1FY23 stood at Rs 6.76, as compared to Rs 1.62 for H1FY22 48 new stores were opened in full year H1FY23 Commenting on the performance of the company Mr. Nissan Joseph, CEO , Metro Brands Limited, said: “We are pleased with our performance for Q2 2022 as we delivered topline growth of 47% over last year along with a consistent flow through to our EBITDA and PAT. We opened a total of 37 stores in the quarter which includes 4 relocated stores and 5 closed stores putting us well on pace to open the 260 stores we committed to opening in the next 3 years. Additionally, we are very excited about the acquisition of Cravatex Brands Ltd. which fits with our strategic vision of expanding in the sports and athleisure space with exclusive rights to distribute FILA in the Indian sub-continent and ownership of the Proline Brand. These further advances us to our vision of being India’s largest specialty footwear and accessories retailer. “ Result PDF