MC Group Public Company (MC) Q3 2024 earnings summary

Executive summary

• Achieved year-over-year sales revenue growth of 12.2% in Q3 FY2024, reaching THB 3,178 million.

• Net profit after tax (NPAT) increased 0.8% year-over-year to THB 165 million in Q3 FY2024.

• Major shareholder holds 46.03% of shares as of March 31, 2024.

• Maintained a strong financial position with THB 1.5 billion in cash and zero interest-bearing debt.

• Subsidiary Aromatique Active Co., Ltd. was dissolved and financials adjusted to net realizable value basis.

Financial highlights

• Gross profit rose 10.8% year-over-year, with gross margin stable at 64.9%.

• EBIT increased 11.7% year-over-year to THB 214 million in Q3 FY2024.

• Basic EPS for the nine-month period was THB 0.73, up from THB 0.66 year-over-year.

• Profit attributable to owners for nine months was THB 576.7 million, up from THB 525.5 million year-over-year.

• Dividend payout ratio consistently high, with recent years above 90%.

Outlook and guidance

• Focus on expanding product categories, especially non-denim, and enhancing customer experience.

• Targeting further growth in e-commerce and brick-and-mortar channels.

• Aiming to maintain high gross margins (>64%) and improve operational efficiency.

• The group operates a single reportable segment and expects continued focus on clothing and accessories.