Investor Presentation

October 15, 2026 To, To, The Manager The Manager Listing Department Listing Department BSE Limited, National Stock Exchange of India Ltd, Phiroze JeeJeeBhoy Towers, Exchange Plaza, 5th Floor, Plot No. C/1, Dalal Street, Mumbai – 400001 (E) G Block, Bandra Kurla Complex, Bandra Maharashtra, India (East), Mumbai – 400051 Scrip code: 543426 Symbol: METROBRAND Subject: Presentation of Investor/Analyst Meet Dear Sir/Madam, Please find enclosed Investor presentation, to be used by the Company for Investor/Analyst Meeting scheduled to be held on Friday, October 16, 2026, at 3.30 PM IST. Request you to take the same on record. Thanking you, For and on behalf of Metro Brands Limited Deepa Sood Chief Legal Officer, Company Secretary & Compliance Officer Membership No: 16019 Encl.: As above. H1 FY2026-27 EARNINGS PRESENTATION 15th October 2026 BRIEF OVERVIEW Our Journey 1955 Started first Metro Store 2000 Launch of Mochi MBO Launch of Walkway MBO 2009 • Launch of E-commerce 2010 • Hits 100 stores 2015 Tie-up with Crocs • Exclusive tie up with Fitflop 2021 • Hits 600 stores 2022 • Listed on BSE, NSE • Acquired Cravatex Brands Ltd • Exclusive license for Fila • Strategic partnership with Foot Locker • Owns sportswear brand Proline • Hits 800 stores and Marketcap of $4B 2023 • Crossed gross sales of Rs. 2500 crore • Exclusive tie-up with New Era 2024 • Exclusive partnership with Clarks • Launch of 1st Foot Locker store and New Launch of MetroActiv MBO 2025 Era kiosk and website 2026 Hits 1000 stores Crossed gross sales of Rs. 3000 crore Our story in numbers Company Facts Performance in H1 FY27 Rs 1,451 crores Revenue from operations store formats 13.4% YoY growth 1,053 Rs 413 crores Stores EBITDA 28.5% EBITDA margin States & Union territories Revenue contribution of in-house brands at MBOs 11% YoY growth Cities Q1: 1 new city Ecommerce revenue Q2: 1 new city 13.6% contribution to overall revenue 20+ million 21 Loyalty membership Net store additions One Stop Shop for all Footwear Needs Sep’26 / (MBO) (MBO) (EBO) (MBO) (EBO) (EBO) (MBO) (EBO) (MBO) H1FY27 Target Value Family Youth Premium Premium Premium Premium Premium Premium Customer Format No. of. Stores 379 291 239 108 14 4 7 81 3 Cities 186 140 104 71 10 4 4 5 3 Price Range 2,000– 2,000–10,000 2,500–7,500 300 –3,500 4,000-10,000 2,000-12,000 6,000-19,000 3,000-4,500 3,000-12,000 (INR)2 10,000 Size (sq.ft) 1,650 1,600 650 1,450 550 900 6,000 200 3,000 Note: Numbers / Percentages are rounded off ; 1 New Era : 2 kiosks ; 6 stores 5 2 Price Range refers MRP of the inventory and represents broadly 85% of the total inventory value for the relevant customer segment. One Stop Shop for all Footwear Needs (as of Sep 2026) Note: The above map is not to scale and is for illustrative purposes only. One Stop Shop for all Footwear Needs PAN India Presence with 1053 Stores I 223 Cities I 31 States and UTs (As of Sep’26) Zone wise1 Tier wise1 Location Wise1 Metro West Tier III cities South 30% 18% 29% High Street Tier II East North Tier I Malls 24% 28% 43% Primarily follows “Company Owned and Company Operated”(COCO) model of Retailing Products for entire family with focus on Mid and Premium Segment ( H1 FY27) Categories2 Price Range Own vs Third (INR)2 Party Brands3 Kids Third Accessories 3% 11% Women > 3,001 1,501 -3,000 Party 42% 56% 31% Brand Unisex Own Brand 11% 70% 501 -1,500 33% < 500 Note: Numbers / Percentages are rounded off ; 1 Total Store Split as of Sep26. Three airport stores have been considered under Malls. 2Split of Total Store Product Sales for H1FY27 on standalone basis 3 Split of Total Store Product Sales on stand alone basis for H1FY27 at Metro, Mochi and Walkway. Third party brands include Crocs, Fitflop, FilaandClarks. Q2 & H1 FY27 FINANCIAL HIGHLIGHTS Q2 : Business Highlights Standalone Consolidated In INR Crore Q2 FY27 Q2 FY26 YoY Growth% Q2 FY27 Q2 FY26 YoY Growth% Revenue 712 636 11.9% Revenue 730 651 12.2% EBITDA 193 167 15.4% EBITDA 198 171 15.8% EBITDA% 27.1% 26.3% EBITDA% 27.1% 26.2% PAT 73 64 13.9% PAT 77 69 12.0% PAT% 10.3% 10.1% PAT% 10.6% 10.6% Pre IndAS116 PAT% 11.6% 12.2% Pre IndAS116 PAT% 11.9% 12.7% Business Highlights ❖ Q2 reflected modest growth, on account of the shift in the festive calendar, with a larger share of demand moving into Q3. ❖ During the quarter, 21 new stores were opened. This was offset by 9 stores closures for the quarter. ❖ Ecommerce sales (including omni-channel) grew by 12%, contributing to 14.2% of the revenue (compared to 14.2% in Q2 FY26). This was largely impacted by the shift in the timing of the festive sales from September last year to October this year. ❖ PAT margins have improved, supported by gross margin expansion despite continued investments in talent and brand building, as well as the impact of minimum wage revisions on staff cost. Note: Numbers and decimals rounded off H1 : Business Highlights Standalone Consolidated In INR Crore H1 FY27 H1 FY26 YoY Growth% H1 FY27 H1 FY26 YoY Growth% Revenue 1,413 1,251 13.0% Revenue 1,451 1,279 13.4% EBITDA 404 360 12.0% EBITDA 413 366 12.9% EBITDA% 28.6% 28.8% EBITDA% 28.5% 28.6% PAT 164 161 2.3% PAT 173 168 2.8% PAT% 11.6% 12.8% PAT% 11.9% 13.1% Pre IndAS116 PAT% 12.9% 14.5% Pre IndAS116 PAT% 13.1% 14.7% Business Highlights ❖ H1 FY27 demonstrated stable growth, primarily on account of shift in the festive calendar, with a larger share of demand moving into Q3. ❖ During the period, 34 new stores were opened. This was offset by 13 stores closures for the period. ❖ Ecommerce sales (including omni-channel) grew by 11%, contributing to 13.6% of the revenue (compared to 13.9% in H1 FY26). ❖ PAT margins were impacted by continued investments in talent and brand-building, higher front end staff costs following minimum wage revisions, modest rise in occupancy costs from new format additions, and lower treasury income against a strong H1FY26 base. Note: Numbers and decimals rounded off H1 Business Highlights (Standalone) Revenue from Operations and Revenue per sq.ft Gross Profit and Gross Margins 4,350 4,300 5,150 4,750 4,350 4,250 59.7% 55.4% 59.4% 57.9% 59.7% 57.6% 757 469 702 712 439 615 636 419 410 H1 FY26: 1,251 ;8,500 H1 FY27: 1,413 ; 8,550 H1 FY26: 719 ; 57.5% H1 FY27: 829 ; 58.6% Q1 FY26 Q2 FY26 Q3 FY26 Q4 FY26 Q1 FY27 Q2 FY27 Q1 FY26 Q2 FY26 Q3 FY26 Q4 FY26 Q1 FY27 Q2 FY27 Gross Profit (INR Cr) Margin (%) Rev from Ops (INR Cr) Revenue per sq.ft (INR) EBITDA and EBITDA Margins PAT and PAT Margins 31.4% 26.3% 32.9% 31.0% 30.0% 27.1% 15.7% 10.1% 15.9% 15.1% 13.0% 10.3% 193 193 125 115 97 91 H1 FY26: 360 ; 28.8% H1 FY27: 404 ; 28.6% H1 FY26: 161 ; 12.8% H1 FY27: 164 ; 11.6% Q1 FY26 Q2 FY26 Q3 FY26 Q4 FY26 Q1 FY27 Q2 FY27 Q1 FY26 Q2 FY26 Q3 FY26 Q4 FY26 Q1 FY27 Q2 FY27 Note: EBITDA (INR Cr) EBITDA Margin (%) PAT (INR Cr) PAT Margin (%) Revenue per sq. ft. is calculated as Store Net Revenue divided by the total retail area of stores as at the end of the relevant period. Numbers and decimals rounded off. H1 Business Highlights (Consolidated) Revenue from Operations Gross Profit and Gross Margins 811 59.3% 55.3% 59.1% 57.8% 59.5% 57.4% 720 730 628 479 428 419 373 360 H1 FY26: 1,279 H1 FY27: 1,451 H1 FY26: 732 ; 57.3% H1 FY27: 848 ; 58.4% Q1 FY26 Q2 FY26 Q3 FY26 Q4 FY26 Q1 FY27 Q2 FY27 Q1 FY26 Q2 FY26 Q3 FY26 Q4 FY26 Q1 FY27 Q2 FY27 Gross Profit (INR Cr) Margin (%) Rev from Ops (INR Cr) EBITDA and EBITDA Margins PAT and PAT Margins 31.0% 26.2% 32.7% 30.8% 29.8% 27.1% 15.7% 10.6% 16.1% 15.2% 13.2% 10.6% 215 130 195 198 118 171 99 95 H1 FY26: 366 ; 28.6% H1 FY27: 413 ; 28.5% H1 FY26: 168 ; 13.1% H1 FY27: 173 ; 11.9% Q1 FY26 Q2 FY26 Q3 FY26 Q4 FY26 Q1 FY27 Q2 FY27 Q1 FY26 Q2 FY26 Q3 FY26 Q4 FY26 Q1 FY27 Q2 FY27 EBITDA (INR Cr) EBITDA Margin (%) PAT (INR Cr) PAT Margin (%) Note: Numbers and decimals rounded off Update on new business formats Clarks ❑ We now have Clark’s ladies’ range in more than 400 MBOs and limited men’s range in more than 100 MBOs. ❑ We expect to get supply of complete EBO product range by Q3 f [Showing first 8,000 characters — download PDF for full document]