How did the quarterly numbers of Metro Brands look like for the December 2021 quarter?

Metro Brands Ltd, which had recently closed its IPO, has reported 59% growth in sales revenues for the Dec-21 quarter at Rs.483.77 crore. Sales revenues largely gained from the return to normalcy as restrictions on retail businesses were largely removed. Metro Brands is largely fashion footwear, bags and other products which gained from the revenge buying during the festive season.

Net profits for Dec-21 quarter were up 56.9% at Rs.101.27 crore due to EBITDA surging by 69.8% as cost controls worked to boost the operating profits. Higher interest costs meant the PAT margins were marginally lower at 20.93% in Dec-21 quarter. Higher profits were also driven by more efficient inventory management leading to gains.