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Striding Ahead

At Metro Brands, we are striding ahead with clarity and confidence, guided by a bold vision and an enduring purpose.

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OUR GUIDING PRINCIPLES

The Compass That Keeps Us Aligned

Our Vision

To beIndia’s largest specialty footwear

and accessories retailer

Our Purpose

Get everyone on their feet

Our Values

Passion for Excellence

Respect & Empower Individuals

Integrity

Differentiation through Constant Innovation

Excellent Customer Relationship & Service

FY 2024-25 HIGHLIGHTS

The Pace We Set

₹ 2,507 crores

Revenue from operations

6.4% YOY

₹ 760 crores

EBITDA

8.2% YOY

30.3%

EBITDA margin

50 bps YOY

74%

Revenue from in-house brands at MBOs ^

54%

of sales from products over ₹ 3,000, up from 50% last year, underscoring continued success of our premiumisation journey

70

net store additions

908

stores as of March 31, 2025

₹ 259 crores

e-commerce revenue

20% YOY 10.6% of overall revenue

Launched the first Foot Locker store in India, delivering an elevated, curated sneaker experience

Forged an exclusive tie-up with New Era and launched brand kiosks in three key cities, enhancing our premium lifestyle and athleisure offering

Entered into an exclusive partnership with Clarks, the British footwear brand, strengthening our premium offerings *

Recycled one pair of footwear for every pair sold, surpassing our target ahead of schedule

^ MBOs – Multi Brand Outlets; YOY - Year-On -Year; * Partnership announced in June 2025

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Chairman’s Message

We remain optimistic about the opportunities that lie ahead and committed to building a business that grows with the aspirations of a changing Bharat.

RAFIQUE A. MALIKChairman

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ABOUT METRO BRANDS

Striding Ahead With Purpose

Underpinned by an outstanding product portfolio, robust store network, seamless omni-channel capabilities, operational excellence and sustainability, we are striding ahead as a trusted customer-centric brand and shaping India’s footwear wardrobe.

70 Years

Industry experience

908

Stores

8

Store formats

31

States and Union Territories

205

Cities

17+ million

Loyalty membership

250+

Footwear vendor partners

6,062

Employees^

Brand Portfolio

In-house

International Brand Partnerships

Product presence across various product categories

Men

Women

Kids

Bags

Clutches

Wallets

Foot care

Belts

Shoe care

Note: Above details are for Metro, Mochi and Walkway
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OUR JOURNEY

The Road so Far

Started first Metro store

1955

Incorporation of the Company

1977

Launched Mochi MBO

2000

Launched Walkway MBO

2009

Launched E-commerce operations

Crossed the 100-store milestone

2010

Crossed the 200-store milestone

2012

Entered into a tie-up with Crocs

2015

Entered into an exclusive tie-up with FitFlop

Crossed the 600-store milestone

Listed on the BSE and NSE

2021

Acquired Cravatex Brands Ltd.

Secured exclusive license for FILA

Secured ownership of Proline brand

2022

Entered into a strategic tie-up with Foot Locker

Reached market capitalisation of US$ 4 billion

Crossed gross sales of ₹ 2500 crores

2023

Entered into an exclusive tie-up with New Era

Launched Foot Locker store

Launched New Era kiosk

2024

Crossed the 900-store milestone

Entered into an exclusive partnership with Clarks

Recycled one pair of footwear for every pair sold

2025

OUR COMPETENCIES

Drivers of our Performance

Market Segments

Economy

Mid-premium

Premium

Categories

Casual

Formal

Sportswear and Athleisure

Consumer Segment

Men

Women

Kids

Unisex

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Decimals rounded off ; Above figures are on standalone basis Figures as of March 31, 2025
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Sound store economics
Strong market presence
Extensive reach
Omni-channel capabilities
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STORE FORMATS

METRO

Metro is a contemporary Indian brand that provides fashionable footwear, featuring the latest designs and styles for every occasion.

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STORE FORMATS

MOCHI

Mochi is a footwear and accessories brand that focuses on the youth while also catering to the entire family.

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STORE FORMATS

WALKWAY

Walkway is a family-focused brand that delivers fast fashion footwear and accessories for the mass market segment.

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STORE FORMATS

CROCS

Crocs is renowned worldwide for its iconic clog silhouettes.

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STORE FORMATS

FITFLOP

FitFlop is renowned for its shoes designed for all-day wear, combining biomechanics, comfort, and fashion.

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STORE FORMATS

FILA

FILA is one of the fastest-growing global sportswear brands and has a rich heritage of 110 years.

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STORE FORMATS

FOOT LOCKER

Foot Locker, a global leader in spearheading sports, athleisure and sneaker culture...

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STORE FORMATS

NEW ERA

Striding Ahead With A Premium Lifestyle Icon

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STORE FORMATS

CLARKS

Striding Ahead By Redefining Comfort Wear

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METRO

MOCHI

WALKWAY

CROCS

FITFLOP

FILA

FOOT LOCKER

NEW ERA

CLARKS

E-COMMERCE OPERATIONS

Striding Ahead In Digital Footwear Retail

We offer seamless, personalised online shopping journeys that combine convenience, choice and service. As digital adoption accelerates in India, we remain committed to strengthening this channel while maintaining brand integrity and sustainable growth.

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Management Team

Ms. Farah Malik Bhanji

Managing Director

Ms. Farah Malik Bhanji has over 20 years of experience in the field of footwear retail. She holds bachelor’s degrees in Arts and BBA from the University of Texas at Austin. She attended the Owner/President Program at the Harvard Graduate School of Business. She has been associated with the Company since December 2000.

Mr. Nissan Joseph

Chief Executive Officer

Mr. Nissan Joseph holds an MBA in International Business from Western Sydney University. He was previously associated with Payless Shoes Pty Ltd, Hickory Brands Inc, Crocs, MAP Active, and Planet Sports Inc.

Mr. Kaushal Khodidas Parekh

Chief Financial Officer

Mr. Kaushal Khodidas Parekh holds a bachelor’s degree in commerce in Financial Accounting and Auditing (Special) and is a qualified Chartered Accountant and Company Secretary. He was previously associated with Ernst & Young, PwC, and N. M. Raiji & Co.

Mr. Mohit Dhanjal

Chief Operating Officer

Mr. Mohit Dhanjal holds a degree in Hotel Management from IHM and a bachelor’s degree in Sociology, Public Administration and Political Science. He has also completed an Executive Program from Cornell University. He was previously associated with ITC, TCS, HUL, Raymonds, and Reliance.

Ms. Alisha Rafique Malik

Whole time Director & President

Ms. Alisha Rafique Malik holds a bachelor’s degree in Arts (Finance) from the University of Northumbria, conducted at the Welingkar Institute of Management Development and Research. She has been associated with the Company since July 2009.

Q&A With The Management Team

Stakeholder Testimonials

I have been working with the Company since 2005, beginning my journey as a Salesman. It has been a remarkable experience, marked by rapid growth and invaluable learning.

Mr. Jitu Advani Designation: Area Manager

I have had the privilege of being part of the MBL family since 2003, starting as a Management Trainee. Today, as an Area Manager, I can confidently say that the Company’s culture is truly supportive and growth-oriented.

Mr. Lachchi Datt Kalauni Designation: Area Manager

I have been part of the Company since 2008, currently working as the Store Manager at Mochi in Varanasi. What has kept me here over the years is the trust the Company places in its employees, the clarity in career growth, and the consistent support I receive from both my team and the leadership.

Mr. Mohd. Zakariya Designation: Store Manager

We have been associated with MBL for over 36 years. The Company’s consistent innovation focus, unwavering commitment to quality, dynamic new developments, and collaborative environment have been key factors in this continued partnership.

M/s Jony Enterprises Vendor

BUSINESS RESPONSIBILITY

For every pair we sell, we now recycle one

At MBL, our responsibility extends beyond commercial success.

Processing discarded footwear responsibly

Metro Brands - Vatavaran (Project achievements till date)

Empowering education in underserved communities

Promoting livelihoods and employability

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