A Thousand Steps Forward
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A Thousand Steps Forward

One Move Sets The Mood.

Another Picks Up the Pace.

By the Thousandth, Everything is in Motion.

Guiding Principles

Our North Star

Our Vision

To be India’s largest specialty footwear and accessories retailer

Our Purpose

Get everyone on their feet

Our Values
  • P Passion for Excellence
  • R Respect & Empower Individuals
  • I Integrity
  • D Differentiation through Constant Innovation
  • E Excellent Customer Relationship & Service
Highlights FY 2025-26

A Year of Making More Possible

3,000+ crores Gross sales
2,864 crores ↑ 14.2% y-o-y Revenue from operations
869 crores ↑ 14.5% y-o-y EBITDA
30.3% EBITDA margin
1,032 ↑ 124 y-o-y Stores
9 Store formats
31 States & Union Territories
221 Cities
19+ million Loyalty members
39% E-commerce revenue growth (y-o-y), contributing 12.9% of overall revenue
73% Revenue contribution of in-house brands at Multi-Brand Outlets
MetroActiv Launched a dynamic, multi-brand retail format
Clarks Entered into an exclusive partnership with the British footwear manufacturer and retailer
Figures as of March 31, 2026
Chairman’s Communiqué

A Perspective on What Lies Ahead

Crossing the 1,000-store milestone during the year was an important moment in our journey. It represents the trust built over decades and our growing ability to reach customers across India.
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Chairman
Metro Brands – The Company Overview

A Stronger Platform Behind Every Step Forward

From one store in 1955 to a house of brands shaping how India steps out today.

Metro Brands began with a simple understanding that footwear is not only functional but it also reflects the occasion, the mood and the lifestyle of the person wearing it. Over seven decades, this understanding has grown into one of India’s largest footwear and lifestyle retail platforms.

Home-grown brands
Global and licensed brands
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Journey Since Inception

Decades of Style and Enterprise

1955
1955
  • Opened the first Metro store
2000
2000
  • Launched the Mochi multi-brand outlet format
2009
2009
  • Launched the Walkway multi-brand outlet format
2010
2010
  • Launched e-commerce operations
  • Crossed 100 stores
2015
2015
  • Entered a strategic partnership with Crocs
2021
2021
  • Entered an exclusive partnership with FitFlop
  • Crossed 600 stores
  • Listed on the BSE and NSE
2022
2022
  • Acquired Cravatex Brands Limited
  • Secured ownership of Proline brand
2023
2024
  • Achieved a market capitalisation of US$ 4 billion
  • Crossed ₹ 2,500 crores in gross sales
2024
2024
  • Opened the first Foot Locker store and New Era kiosk in India
2025
  • Entered an exclusive partnership with Clarks
  • Launched MetroActiv multi-brand outlets and website
  • Recycled one pair of footwear for every pair sold
2026Celebrating 1,000 stores
2026
  • Crossed 1,000 stores
  • Crossed ₹ 3,000 crores in gross sales
Core Competencies

Strengths that Keep Compounding

Our growth is shaped by the way we understand consumers, build brands, scale with discipline and turn every capability into lasting advantage.

Product Presence Across Multiple Categories

Men Women Kids Bags Clutches Wallets Foot care Belts Shoe care

Revenue Breakup – Customer Segment

Presence Across Regions

Increasing Presence in Tier II and Tier III Cities

Why Brands Choose MBL

Strong market presence Extensive reach Sound store economics Omni-channel capabilities
Store Formats

Designed for Every Consumer

Our formats bring together fashion, comfort, value, sport and self-expression, enabling customers to discover relevant choices across occasions, generations and lifestyles. Read More
E-commerce Operations

The Digital Storefront

Our e-commerce ecosystem extends the Metro Brands experience beyond the store, making our brands easier to discover, explore and purchase across digital touchpoints.

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Management Team

Team Behind the Execution

01 / 05 Team
Ms. Farah Malik Bhanji

Ms. Farah Malik Bhanji

Managing Director

Ms. Farah Malik Bhanji brings over 25 years of experience in footwear retail. She holds bachelor’s degrees in Arts and BBA from the University of Texas at Austin. She also 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.

Ms. Alisha Rafique Malik

Whole-time Director and 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.

Mr. Kaushal Khodidas Parekh

Chief Financial Officer

Mr. Kaushal Khodidas Parekh holds a Bachelor of Commerce degree in Financial Accounting and Auditing and is a qualified Chartered Accountant and Company Secretary. He was previously associated with PwC, Ernst & Young, 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 Admin and Political Science. He has also done an Executive Program from Cornell University. Previously associated with ITC, Tata, HUL, Raymonds, and Reliance.

Testimonials

What Our Stakeholders Perceive

I joined Metro Brands in 2010 and currently work as an Area Manager. The continuous opportunities to grow and the encouragement to aspire to higher roles have motivated me to remain with the Company. One of my most memorable experiences was meeting our Chairman, Rafique Sir, and Farah Ma’am in 2019. The interaction inspired me to perform even better.

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I have been working with Metro Brands for the past 16 years and currently serve as a Store Manager. The opportunities for growth, the Company’s vision and the support I have received throughout my journey have kept me closely connected to the organisation.

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I have been a part of Metro Brands since 2005 and currently serve as an Area Manager. Over the years, the Company’s continued support, structured training and encouragement to improve both personally and professionally have motivated me to remain with the organisation.

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I have been associated with Metro Brands Limited for over 22 years. What has kept me connected with the Company is its consistent growth, supportive relationships and opportunities for professional development. It has been memorable to witness the journey from a time when products carried little branding to seeing the Metro and Mochi names prominently represented on them today.

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Business Responsibility

Responsibility at the Heart of Progress

Our responsibility extends beyond the products we sell and the stores we operate. We use our reach, partnerships and capabilities to keep footwear in productive use for longer, conserve natural resources and widen access to skills, education and healthcare. Read More
Business Responsibility Vatavaran

Giving Every Pair a Responsible Afterlife

We collect old and discarded footwear and process it through an environmentally responsible system. The footwear is sorted, cut and separated by material. Recoverable material are directed towards recycling, while non-recoverable material are co-processed in cement kilns as a substitute for coal. Read More
Business Responsibility Grameen Vikas

Growing Livelihoods. Restoring Resources.

In partnership with the Aga Khan Rural Support Programme (India), we are supporting farming communities in remote villages of Gujarat through Mango orchard development and water conservation, creating a long-term source of income while improving local green cover. Read More
Business Responsibility Kaushalya

Strengthening Employability

Through the National Apprenticeship Promotion Scheme, we provide unemployed youth with practical, on-the-job exposure across our retail network, strengthening their readiness for formal employment and building a trained talent pipeline. Read More
Business Responsibility Shiksha

Keeping Education Within Reach

We supported the education of children from underprivileged families in Maharashtra and Gujarat by sponsoring their school fees and counselling expenses through the Fidai Girls Educational Institution, helping them remain connected with formal education. Read More
Business Responsibility Shiksha

Creating a Space for Ideas to Gather

We supported the Sabrahad Educational Society in constructing a lecture theatre and conference room designed for collective learning, giving seminars, workshops and guest lectures a setting of their own. Read More