Swiss Military sees net profits rise 42.7% in FY24 Q4, revenue also increases

Lifestyle and accessories brand Swiss Military saw its consolidated net profit increase by 42.7% year on year to total Rs 2.37 crore in the fourth quarter of the 2024 financial year. The New Delhi based business’ revenue from operations also grew during the quarter.  

“We have achieved another strong financial quarter, thanks to robust turnover growth and significant brand development initiatives,” said Swiss Military Consumer Goods’ managing director Anuj Sawhney, ET Retail reported. “Swiss Military is debt free and asset light with a very strong research based approach to solving customer problems.”
 
Swiss Military’s consolidated net profit had totalled Rs 1.66 crore in the fourth quarter of the 2023 financial year. The business’ total consolidated net profit for the 2024 financial year, which ended on March 31, was Rs 8.4 crore compared to Rs 6.17 crore in the 2023 financial year.
 
The fourth quarter of the 2024 financial year saw Swiss Military’s revenue from operations rise to Rs 54.08 crore compared to Rs 39.26 crore in the fourth quarter of the 2023 fiscal year. For the whole of the 2024 financial year, the business’ revenue rose by 44.5% year on year to reach Rs 187.91 crore compared to Rs 129.99 crore in the 2023 financial year. The business’ expenses also increased in double digits, the Economic Times reported.