Lulu Retail Reports 5.9% Revenue Growth in H1 2025

DOHA: Lulu Retail has reported its financial performance for the first half of 2025, achieving a revenue of $4.1 billion, which marks a 5.9 percent increase compared to the previous year. The company also saw a significant rise in net profit, reaching $127 million, reflecting a 9.1 percent year-on-year growth.

Strong Sales and E-commerce Growth

In the second quarter of 2025, Lulu Retail generated revenues of $2 billion, an increase of 4.6 percent year-on-year. This growth was supported by a notable performance in both private label products and the e-commerce sector. Private label sales grew by 3.5 percent, contributing 29.7 percent to total retail revenue.

E-commerce also demonstrated remarkable growth, with sales soaring 43.4 percent year-on-year to $108 million, representing 5.6 percent of the overall retail revenue. The company reported a gross profit increase of 6.5 percent year-on-year, totaling $468 million. Additionally, earnings before interest, taxes, depreciation, and amortization (EBITDA) rose by 7.6 percent to $204 million.

Dividend Declaration and Future Outlook

Lulu Retail has announced an interim dividend of $98.4 million, equivalent to 3.5 fils per share. This dividend corresponds to a payout ratio of 78 percent of the distributable profits for H1 2025, aligning with the company’s initial public offering (IPO) dividend policy.

Saifee Rupawala, CEO of Lulu Retail, expressed confidence in the company’s performance, stating, “Our steady and resilient H1 2025 performance is a testament to our well-established growth pillars, enabling record sales and margin improvements. We expect our growth momentum to persist as we focus on expanding our store network, launching new outlets, enhancing operational efficiency, and unlocking further potential through private label and e-commerce offerings.”

As Lulu Retail continues to build on its successes, stakeholders are optimistic about the company’s ability to sustain growth and expand its market presence in the competitive retail landscape.