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Nirmal Bang's IPO Report
Metro Brands Ltd. is one of the largest Indian footwear specialty retailers, having brands that are among the aspirational Indian brands in the footwear category.
As of September 30, 2021, the company operated 598 stores across 136 cities spread across 30 states and union territories in India.
Metro Brands retail footwear under its own brands of Metro, Mochi, Walkway, Da Vinchi and J. Fontini, as well as certain third-party brands such as Crocs, Skechers, Clarks, Florsheim and Fitflop which complement its in-house brands.
The company also offer accessories such as belts, bags, socks, masks and wallets at its stores.
Metro Brands has built a winning formula across different formats. Its asset light business with an efficient operating model leads to sustained profitable growth.
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