MC Group Public Company (MC) Q4 2024 earnings summary

Executive summary

• Achieved double-digit growth in both sales revenue and net profit after tax (NPAT) for FY2024, with strong performance across both offline and online channels.

• Maintained a robust financial position with zero interest-bearing debt and a significant cash reserve, supporting resilience against future crises.

• Continued to expand product portfolio beyond denim, leveraging a strong brand reputation and extensive retail network.

Financial highlights

• Sales revenue reached THB 4,054 million, up 10.5% year-over-year; NPAT increased by 10.8% to THB 713 million.

• EBIT rose 14.2% year-over-year to THB 933 million.

• Gross profit increased 9.4% to THB 2,379 million, with a slight decrease in gross margin due to inventory clearance.

• Offline sales grew 8.7% and online sales surged 28.3% year-over-year.

• Cash and short-term investments stood at THB 1,734 million.

Outlook and guidance

• Plans to maintain steady growth in denim while accelerating non-denim categories and expanding retail and e-commerce channels.

• Focus on improving margin and productivity through operational efficiency and technology adoption.

• Targeting continued high dividend payout and robust financial health.