Mamas & Papas reports significant financial success with record sales.
- Sales rose by 7.1% to £154.3 million over the year ending March 31.
- The company saw a 27% rise in underlying profit, reaching £13.2 million.
- International expansion included 28 new concessions in Spain, Indonesia, and Thailand.
- CEO Nathan Williams emphasizes the focus on global brand partnerships and customer support.
Mamas & Papas has marked a remarkable period of financial performance with record sales for the year concluding on March 31. The company experienced a 7.1% increase in sales, culminating in £154.3 million. This increase was bolstered primarily by the strategic establishment of new stores and heightened demand for their comprehensive range of baby products.
The company’s underlying profit exhibited a robust 27% increase, amounting to £13.2 million. Furthermore, the adjusted pre-tax profit demonstrated a significant climb of 33%, reaching £9.1 million. An impressive growth in sales was noted across the retailer’s 36 UK concessions, in partnership with M&S and Next, where sales leaped by 48%. This growth was further supported by the addition of six new locations and the sustained full-year impact from 15 new openings undertaken the previous year.
On the international front, Mamas & Papas expanded its presence with 28 new concessions across Spain, Indonesia, and Thailand. CEO Nathan Williams articulated the company’s strategy, indicating a continuous focus on fostering new international partnerships. “We are continuing to focus on new international partnerships as we globalise our brand, building on the momentum we’ve already created overseas,” he stated. Williams further highlighted the untapped potential in various regions of the UK market, expressing a commitment to making the brand widely accessible.
The CEO also noted the excitement surrounding the ongoing development of data capabilities, which enhances the company’s ability to provide tailored support for parents during significant stages of their pregnancy journey. Williams expressed a commitment to bringing the company’s purpose to life by inspiring and supporting parents more effectively. As the holiday season approaches, Mamas & Papas has expanded its product offerings to include festive gifts and toys, preparing for what is anticipated to be the most successful Christmas trading period in its history.
Mamas & Papas continues to exhibit strong growth and strategic ambition in both domestic and international markets.
