According to him, Metro Brands is positioning itself as a blend of both physical retailer and ecommerce player. The e-commerce business of the footwear retailer achieved 114% growth last year and from just 2.5% of revenue now it constitutes almost 9.2% of the company’s revenue.
Elaborating about its third quarter result, he added that Q3 has become the best ever quarter in the company’s history.
The net profit stood at Rs 102 crore for Q3FY22, compared to Rs 66 crore in the year-ago period. PAT margin stood at 21.0% in Q3FY22 compared to 21.8% in Q3FY21. The total revenue from operations for the quarter ended December 31, 2021, stood at Rs 484 crore, compared to Rs 304 crore in the same period last year.
“We are pleased to see traction in all our concepts of Metro, Mochi, Walkway, and Crocs. We also are encouraged by the growth we have witnessed across the multiple tiers of cities that we operate in and the continued growth of our e-commerce and omni-channel business,” the CEO said.