Germany's cash-and-carry major Metro AG on Monday said it is bullish on its India business and continues to expand store and e-commerce footprint, amid reports that it is reviewing whether to continue its operations in India.
While declining to comment on its future in India, stressing that Metro regularly assesses its international portfolio, a company spokesperson said the Metro India business is doing well.
"At Metro, we regularly assess our international portfolio. METRO India business is doing well and we have seen a big jump (more than 57 per cent) in our Ebitda for FY21 vs FY20," said a Metro spokesperson.Ebitda stands for earnings before interest, tax, depreciation and amortisation.