On June 24th, Gelunhui announced that for the fiscal year ending March 31, 2024, the group's net sales will increase by 24.1% when calculated at a fixed exchange rate, breaking the milestone of 2.5 billion euros and reaching 2.542 billion euros. The growth in fiscal year 2024 was driven by the strong performance of Sol de Janeiro and the stable performance of L'OCCITANE en Provence.
Reported an operating profit of 233 million euros, with an operating profit margin of 9.2%, mainly due to increased marketing investment in strategic markets and channels for major brands.
On a management basis, excluding special impacts of impairment and share of profit/loss of associates, the operating profit of fiscal year 2024 reached 308 million euros, with an operating profit margin of 12.1%, down from 15.8% last year.
The company's total number of retail locations increased from 2,774 as of March 31, 2023, to 3,040 as of March 31, 2024, an increase of 266 or 9.6%. The number of self-operated retail stores increased by 1 from 1,362 as of March 31, 2023, to 1,363 as of March 31, 2024.