**Financial Highlights:** For Q1 FY26, consolidated revenue grew 9.1% YoY to ₹628 Cr.

EBITDA reached ₹195 Cr (31.0% margin) and PAT was ₹99 Cr (15.7% margin). E-commerce revenue surged 45% YoY, contributing 13.7% of total revenue.

Margins were slightly lower due to increased marketing spend. **Strategic Initiatives & Growth Drivers:** The company added 20 net new stores, expanding its network to 928 locations.

Key initiatives include enhancing omni-channel presence, accelerating e-commerce growth, and leveraging strategic partnerships like Clarks, Foot Locker, and New Era for the sports & athleisure segment. **Business Developments:** A new exclusive partnership with Clarks aims to expand footwear offerings across India.

The first Foot Locker store is operational, with 3 more planned.

Fila's local manufacturing and repositioning are progressing, alongside expanding New Era kiosks and online presence. **Market Position & Competitive Advantage:** Metro Brands maintains a pan-India footprint and diverse brand portfolio.

Its capital-light business model, relying on outsourced manufacturing and strong vendor relationships, ensures operational efficiency and competitive margins.

The company is a key partner for international brands. **Investor Implications:** Updates suggest positive growth potential from continued store/e-commerce expansion and strategic brand tie-ups.

The asset-light model and robust brand portfolio support long-term profitability.

Investors should monitor new partnership execution and supply chain efficiency.