Metro Brands expects sales growth to moderate amid third Covid wave

Traffic at its stores impacted due to restrictions in third wave

After reporting a strong increase in sales in the October-December quarter (Q3FY22), footwear major Metro Brands has started to see the impact of the third wave on the number of people stepping in into its stores to buy shoes.

In the quarter gone by, the company saw its revenue at Rs 484 crore, up 59 per cent compared to the year-ago quarter helped by wedding and festive sales.

“We're already seeing it impact traffic in our stores and subsequent consumption,” Nissan Joseph, CEO of Metro Brands told Business Standard. However, Joseph remains hopeful that the situation won’t last for long