Swiss Military Consumer Goods Ltd. Delivers Impressive Financial Results for Q2 FY 2024-25

Delhi, 15 November 2024: Swiss Military Consumer Goods Ltd. today reported a strong financial performance for the second quarter and first half of the financial year 2024-25, showcasing significant growth in both revenue and earnings, driven by strategic investments and operational efficiencies.

For Q2 FY 2024-25, the company achieved a consolidated total revenue of Rs. 55.56 crores, marking a 27.57% increase in turnover compared to the same period in FY 2023-24. Profit before tax (PBT) for the quarter stood at Rs. 2.78 crores, reflecting an 8.89% growth in earnings. This growth was further complemented by the company’s robust performance in the first half of FY 2024-25, with a total revenue of Rs. 101.94 crores and a PBT of Rs. 5.11 crores, up 21.23% and 4.62%, respectively, from H1 FY 2023-24.

On a standalone basis, the company achieved a revenue of Rs. 53.77 crores and PBT of Rs. 2.65 crores in Q2, while standalone revenue for the first half of the year stood at Rs. 99.09 crores, with a PBT of Rs. 5.72 crores.

“We are pleased to report strong growth across key financial metrics, driven by our strategic initiatives and continued focus on strengthening our core business operations,” said Anuj Sawhney, Managing Director of Swiss Military Consumer Goods Ltd. “Our ability to adapt to the evolving market environment and drive innovation has been instrumental in achieving these impressive results.”

Key Achievements in Q2 FY 2024-25:

• Successful Completion of Rights Issue: The company successfully completed a rights issue of equity shares, oversubscribed by 220%, demonstrating strong shareholder confidence. The capital raised will enable the company to fund its strategic growth initiatives, including the establishment of its own manufacturing facility for luggage and travel gear.
• Brand Recognition & Market Expansion: The company has expanded its footprint in regions like Southern and Western India, strengthening its brand recognition for quality, durability, and reliability. Additionally, Swiss Military Consumer Goods Ltd. is positioning itself as a leader in the rapidly growing Indian luggage and bags market, which is expected to grow at a CAGR of 14.4% from 2024 to 2030.
• Focus on Operational Efficiency: The company has optimised its supply chain to offset inflationary pressures, allowing it to maintain healthy profit margins despite rising raw material costs.
• Expansion of Product Offerings: Swiss Military is expanding its product range to include more eco-friendly and sustainable travel products, tapping into the growing segment of environmentally conscious consumers.

Outlook and Future Strategy:

Looking ahead, the company plans to capitalise on the substantial growth opportunities in the luggage and bags market, leveraging key trends in domestic and international tourism, rising disposable incomes, and e-commerce growth. Key pillars of the company’s strategy for the next phase of growth include:

• Development of Manufacturing Capacity: With the funds raised through the rights issue, the company is set to establish its own manufacturing facility for luggage and travel gear, improving production capacity and product quality.
• Product Innovation: Swiss Military will continue to innovate, with a focus on durable, functional, and stylish designs that meet the evolving needs of consumers, including eco-friendly product lines.
• Digital and E-commerce Expansion: The company will enhance its digital strategy, investing in e-commerce platforms and digital marketing to drive online sales and increase brand visibility.
• Sustainability and Ethical Practices: Sustainability remains at the core of Swiss Military’s operations, with ongoing efforts to integrate environmentally friendly practices across sourcing, manufacturing, and packaging.

“We are excited about the future and are confident that our strategic initiatives will position Swiss Military Consumer Goods Ltd. for long-term success in the growing luggage and travel gear market,” added Anuj Sawhney, Managing Director of Swiss Military Consumer Goods Ltd. “With our strong financial performance and the support of our shareholders, we are well-equipped to capitalise on the opportunities ahead.”