Commenting on the performance of the company Mr. Nissan Joseph, CEO , Metro Brands Limited, said :
We are pleased with our performance for Q2 2022 as we delivered topline growth of 47% over last year along with a consistent flow through to our EBITDA and PAT. We opened a total of 37 stores in the quarter which includes 4 relocated stores and 5 closed stores putting us well on pace to open the 260 stores we committed to opening in the next 3 years.
Additionally, we are very excited about the acquisition of Cravatex Brands Ltd. which fits with our strategic vision of expanding in the sports and athleisure space with exclusive rights to distribute FILA in the Indian sub-continent and ownership of the Proline Brand. These further advances us to our vision of being India’s largest specialty footwear and accessories retailer. “
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