Lulu Retail aims to impress investors after it posted a strong 15.8% rise in net profit for Q1 2025, reaching USD 69.7 million. The company also improved its profit margin by 25 basis points, bringing it to 3.4% during the quarter.
It generated USD 2.1 billion in revenue, marking a 7.3% increase, mainly driven by higher sales during the Ramadan period in March.
“Our revenue and profit growth came from a mix of like-for-like sales gains and strong Ramadan trading,” said Saifee Rupawala, CEO of Lulu.
The hypermarket chain continues to expand its footprint, with plans to open 20 new outlets this year. It added five new locations in the first quarter.
“We expect to maintain our growth momentum by strengthening our existing store network, opening more outlets, improving operational efficiency, and increasing returns through our private label and e-commerce channels.”
