Metro Brands – Asset Light, Efficient Business Model Brings Positive View: HDFC Securities Initiates Coverage


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HDFC Securities Retail Research

Metro Brands Ltd. is one of the largest Indian footwear retailers, established in 1955. The company is engaged in selling footwear to customers through a wide range of branded products for the entire family including men, women, unisex and kids, and for different occasions.

The company has presence in mid and premium segments in the footwear market which have a higher presence of organised players. Some of the company’s well-known brands include Metro, Mochi, Walkway, Da Vinchi, and J. Fontini, as well as certain third-party brands such as Crocs, Skechers, Clarks, Florsheim, and Fitflop.

Metro Brands also offers accessories such as belts, bags, socks, masks, and wallets, at their stores.

Taking the scale of operations and strong supplier network into account, Metro is able to leverage attractive terms with these vendors and enter into arrangements with third party brands.

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