A year ago, it had sales of Rs 6,140 crore, as per its annual report.
Düsseldorf-based Metro doesn’t sell products directly to consumers in India and is an organised wholesaler or cash-andcarry operator that sells close to 7,000 products across a range of categories to local stores, hotels and catering companies.
“We have focused on building a profitable and sustainable business in India through a culture of customer centricity. Currently, 78% of our customers are repeat buyers who contributed to 86% of our sales in FY 18/19,” said Arvind Mediratta, managing director at Metro Cash & Carry India.
Metro, which entered India in 2003, is the market leader in the organised trade with 27 stores and counts Walmart as its closest rival that too operates as a wholesaler, but also acquired Flipkart for $16 billion two years ago. Walmart saw its revenue increase 11% to Rs 4,065 crore for the fiscal ended March 31, while net losses almost doubled to Rs 172 crore.
