Swiss Military Reports Strong Profits with 27.57 Pc Revenue Growth in Q2 FY 2024-25

Swiss Military Consumer Goods Ltd. announced impressive financial results for the second quarter and first half of the financial year 2024-25, driven by strategic investments and operational improvements. The company’s consolidated revenue for Q2 FY 2024-25 reached Rs. 55.56 crores, marking a 27.57 percent increase compared to the same period in the previous fiscal year, while its profit before tax (PBT) for the quarter rose to Rs. 2.78 crores, reflecting 8.89 percent growth. The company’s performance over the first half of the financial year was similarly strong, with consolidated revenue totaling Rs. 101.94 crore and PBT climbing to Rs. 5.11 crore—up 21.23 percent and 4.62 percent, respectively, from H1 FY 2023-24.

On a standalone basis, Swiss Military registered revenue of Rs. 53.77 crore and PBT of Rs. 2.65 crore for Q2. The standalone figures for the first half were Rs. 99.09 crore in revenue and a PBT of Rs. 5.72 crore.

“We are pleased to report strong growth across key financial metrics, driven by our strategic initiatives and continued focus on strengthening our core business operations. Our ability to adapt to the evolving market environment and drive innovation has been instrumental in achieving these impressive results,” said Anuj Sawhney, Managing Director of Swiss Military Consumer Goods Ltd. 

The company also highlighted its recent rights issue of equity shares, which was oversubscribed by 220 percent, demonstrating robust investor confidence. Proceeds from this initiative are earmarked for strategic growth, including a manufacturing facility for luggage and travel gear. Furthermore, the Swiss Military has strengthened its brand presence in Southern and Western India, positioning itself as a key player in the rapidly growing Indian luggage and bags market, which is forecasted to grow at a compound annual growth rate (CAGR) of 14.4 percent from 2024 to 2030.

Despite inflationary challenges, the company has managed to optimize its supply chain, thereby maintaining healthy profit margins. It is also expanding its product portfolio to include sustainable travel products, tapping into the market demand for eco-friendly and environmentally conscious offerings.

Looking ahead, the Swiss Military intends to capitalize on growth opportunities in the luggage and travel gear sector, driven by rising tourism, higher disposable incomes, and the expansion of e-commerce. Plans are underway to enhance manufacturing capabilities, focus on product innovation, and invest in digital and e-commerce strategies to further strengthen its market position. Sustainability remains central to its operations, with ongoing efforts to integrate eco-friendly practices across its value chain.

“We are excited about the future and are confident that our strategic initiatives will position Swiss Military Consumer Goods Ltd. for long-term success in the growing luggage and travel gear market. With our strong financial performance and the support of our shareholders, we are well-equipped to capitalize on the opportunities ahead,” added Anuj Sawhney.