Latest news with #Padini
New Straits Times
6 days ago
- Business
- New Straits Times
Padini's Q3 earnings beat forecasts on stronger margins
KUALA LUMPUR: Padini Holdings Bhd's third-quarter (Q3) results for the financial year ending June 30, 2025 (FY25), exceeded expectations due to stronger-than-anticipated gross profit margins, said Maybank Investment Bank Bhd (Maybank IB). The company reported a net profit of RM73 million for Q3, bringing its cumulative nine-month profit to RM152 million. This represents 92 per cent of Maybank IB's full-year forecast and 99 per cent of consensus estimates. "The earnings beat was primarily driven by better-than-expected gross profit margins. Padini also declared a fourth interim dividend per share (DPS) of 1.8 sen and a special DPS of one sen," Maybank IB said in a note. Looking ahead, the research house expects sequential earnings to be seasonally weaker in the absence of major festivities, though the recent appreciation of the ringgit against the renminbi could offer some cushion. "We have raised our FY25 earnings forecast by five per cent to reflect stronger gross margins, while maintaining our FY26 and FY27 estimates. Rolling forward our valuation to FY26, we raise our target price to RM2.85," it said. Maybank IB maintained its 'Buy' call on Padini, citing its mass-market positioning and affordability, which make it a key beneficiary of rising consumer disposable income.
The Star
7 days ago
- Business
- The Star
Padini's 3Q net profit rises to RM71.97mil on better profit margin
KUALA LUMPUR: Padini Holdings Bhd 's net profit improved to RM71.97 million in the third quarter ended March 31, 2025 (3Q FY2025) from RM40.52 million a year earlier, driven by an improvement in the gross profit margin. Revenue also advanced to RM626.81 million from RM575.37 million previously, according to the fashion company's stock exchange filing today. "Retail business in general remains challenging due to the deterioration of purchasing power arising potentially from the rising cost, trade tensions and rising inflation and interest rates. "Despite these potential challenges, we are optimistic that the group will perform satisfactorily for the current financial year,' it said. Padini said management will continue to provide value for money products and implement measures to control costs, optimise working capital, preserve cash and streamline the operations to minimise any adverse impacts. For the cumulative nine-month period, Padini posted a higher net profit of RM147.81 million compared with RM120.29 million in the previous year's corresponding period while revenue increased to RM1.55 billion from RM1.46 billion previously. The company today declared an interim dividend of 1.8 sen per share and a special dividend of 1.0 sen per share for FY2025, which will be payable in June 2025. - Bernama
