Bata India vs Metro Brands: Which Stock Should You Track

Bata India vs Metro Brands is a comparison footwear retail investors look up when evaluating two of India's leading listed footwear chains. Bata India is the Indian subsidiary of Bafin S.A. (Bata family), one of the world's oldest footwear companies with a 90-plus year India presence selling everyday and work shoes at mass market to mid-premium prices. Metro Brands is the K. Radha Krishna family-promoted footwear retailer selling Metro, Mochi, Walkway and Crocs under franchise.

This Bata India vs Metro Brands article covers reach and market position, key products, latest declared results and stock valuation. The Bata India vs Metro Brands data below is sourced from Groww and public company filings and reflects the most recently available information at the time of writing.

Bata India vs Metro Brands: Reach and Market Position

On the Bata India side of the Bata India vs Metro Brands comparison, Bata India operates over 1,800 stores across India in high street, malls and market locations selling Bata, Hush Puppies and North Star brands. Market capitalisation is Rs 9,119 Cr.

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On the Metro Brands side of the Bata India vs Metro Brands comparison, Metro Brands operates over 800 stores across India under Metro, Mochi, Walkway, Crocs (franchise) and Fitflop brands at mid to premium price points. Market capitalisation is Rs 28,366 Cr.

Bata India vs Metro Brands: Key Products and Business Mix

In the Bata India vs Metro Brands product comparison, Bata India offers: Bata India sells everyday shoes, formal shoes, school shoes and sports shoes. P/E is 67.96x, ROE 10.39 percent, debt to equity 0.87. Dividend yield is 1.27 percent.

For Metro Brands in this Bata India vs Metro Brands breakdown: Metro Brands sells fashion shoes, casual footwear, sports and athleisure through Metro and Mochi stores and Crocs franchise. P/E is 68.20x, ROE 20.63 percent, debt to equity 0.79.

Bata India vs Metro Brands: Latest Results

The Bata India vs Metro Brands results for Bata India: Bata India has a market cap of Rs 9,119 Cr and P/E of 67.96x. ROE is 10.39 percent. Dividend yield is 1.27 percent.

The Bata India vs Metro Brands results for Metro Brands: Metro Brands has a market cap of Rs 28,366 Cr and P/E of 68.20x — virtually the same P/E as Bata. ROE is 20.63 percent, twice Bata's. Metro is 3 times larger by market cap.

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Bata India vs Metro Brands: Stock and Valuation

The Bata India vs Metro Brands stock comparison uses the latest available market data from Groww. Investors tracking Bata India vs Metro Brands should verify current prices on NSE or BSE before trading.

Bata India and Metro Brands trade at virtually identical P/E multiples of 68x. Metro Brands is 3 times larger by market cap and delivers an ROE of 20.63 percent — twice that of Bata India. The same P/E but materially different size and profitability profile make this a clear comparison.

Bata India vs Metro Brands: Quick Comparison Table

The Bata India vs Metro Brands comparison table below summarises the key metrics covered in this article side by side.

Parameter	Bata India	Metro Brands
Sector	Footwear retail: mass to mid-premium	Footwear retail: mid to premium fashion
Market Cap	Rs 9,119 Cr	Rs 28,366 Cr
P/E Ratio	67.96x	68.20x
ROE	10.39%	20.63%
Debt to Equity	0.87	0.79
Dividend Yield	1.27%	0.58%
Key brands	Bata, Hush Puppies, North Star	Metro, Mochi, Crocs, Walkway
Store count	1,800-plus stores	800-plus stores

Conclusion

The Bata India vs Metro Brands comparison above covers the key data points on reach, products, results and valuation. Bata India vs Metro Brands trade at identical P/E multiples but deliver very different ROEs. Metro Brands delivers twice Bata's ROE from a premium product mix with fewer but more productive stores. Bata has more stores with mass market reach and a dividend. Investors should review same-store sales growth and ARPOB trends and consult a SEBI-registered advisor before investing.

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Frequently Asked Questions

What is the main difference between Bata India and Metro Brands?

Ans. Bata India is a mass-to-mid-premium footwear chain with 90-plus years in India and 1,800-plus stores. Metro Brands sells fashion footwear at mid-to-premium prices through Metro, Mochi and Crocs franchise stores.

Which company has the higher ROE?

Ans. Metro Brands has an ROE of 20.63 percent, twice Bata India's ROE of 10.39 percent.

Do both stocks trade at the same P/E?

Ans. Yes. Both Bata India and Metro Brands trade at approximately 68x trailing earnings — virtually identical P/E multiples.

Which stock pays a higher dividend?

Ans. Bata India pays a dividend yield of 1.27 percent, higher than Metro Brands at 0.58 percent.

What is the Crocs franchise at Metro Brands?

Ans. Metro Brands is the exclusive franchisee of Crocs (the US casual footwear brand) in India, operating Crocs franchise stores within its retail network.

What risks apply to footwear retail?

Ans. Both companies face risk from e-commerce competition selling footwear online, competition from unorganised footwear makers, and raw material cost changes in leather and synthetic materials.

Should I invest in Bata India or Metro Brands?

Ans. Metro delivers a higher ROE at the same P/E and is larger. Bata has more stores and pays a dividend. Consult a SEBI-registered advisor before investing.