Metro Brands Q4 Profit jumps by 126%

(20 second reading) Metro Brands recorded a profit jump of 126.3 per cent on-year for the fourth quarter of FY24 at Rs 155.57 crore in comparison to Rs 68.74 crore during the corresponding quarter of the previous fiscal year. It posted revenue from operations at Rs 582.98 crore, up 7.1 per cent as against Rs 544.13 crore during the same period last year.
In Q4 FY24, the company achieved a YoY revenue growth of 10 per cent. E-commerce sales (including omni-channel) for Q4 and full year FY24 was Rs 41 crore and Rs 215 crore respectively, posting a YoY growth of 25 per cent and 33 per cent respectively. Further, in FY24, the company achieved a gross margin of 58 per cent.The total net stores opening for the year is 97.