India, Sept. 25 -- Metro Brands expanded significantly in FY26, surpassing 1,000 stores and achieving 14.2% revenue growth to Rs. 2,864 crore. While EBITDA and PAT rose by 14.5% and 17.3%, respectively, ROCE decreased from 21.3% to 19.6%, and revenue per square foot also declined. This prompts an important question: can Metro sustain its expansion without compromising returns?

Metro Brands was recently trading around Rs. 886 per share, with a market capitalization of roughly Rs. 24,143 crore and a trailing P/E of around 59x. The stock's 52-week range was approximately Rs. 858-Rs. 1,309.

Revenue Is Growing, But Capital Efficiency Has Weakened

Metro Brands delivered 14.2% consolidated revenue growth to Rs. 2,864 crore in FY26. EBITDA in...