Lulu Retail Reports Strong H1 2025 Earnings with $4.1 Billion Revenue

DOHA: Lulu Retail has released its financial results for the first half of 2025, showcasing a solid performance with a net profit of $127 million, reflecting a 9.1 percent year-on-year increase. The company’s revenues reached $4.1 billion, marking a growth of 5.9 percent compared to the same period last year. Additionally, like-for-like sales rose by 3.8 percent, driven by strong performances across key retail categories.

Quarterly Highlights and Growth Drivers

In the second quarter of 2025, Lulu Retail reported revenues of $2 billion, which is an increase of 4.6 percent year-on-year. This growth was primarily supported by significant gains in private label products and e-commerce sales. Private label sales grew by 3.5 percent, contributing to 29.7 percent of total retail revenue, while e-commerce sales surged by an impressive 43.4 percent to $108 million, accounting for 5.6 percent of retail revenue.

The company’s gross profit also saw an increase of 6.5 percent, reaching $468 million, while EBITDA grew by 7.6 percent to $204 million. In line with its financial performance, Lulu Retail declared an interim dividend of $98.4 million, which translates to 3.5 fils per share. This payout represents 78 percent of the distributable profits for H1 2025, consistent with the firm’s initial public offering (IPO) dividend policy.

CEO’s Outlook on Future Growth

Commenting on the results, Saifee Rupawala, CEO of Lulu Retail, stated, “Our steady and resilient H1 2025 performance is a testament to our well-established growth pillars, enabling record sales and margin improvements.” He expressed confidence that the company’s growth momentum would continue as it focuses on expanding its store network, opening new outlets, enhancing operational efficiency, and leveraging further potential in both private label and e-commerce sectors.

Lulu Retail’s positive financial results reflect its ongoing commitment to adapt and thrive in a competitive retail landscape. The company aims to capitalize on emerging trends and consumer demands, positioning itself for sustained growth in the coming quarters.