Swiss Military Achieves Impressive Growth: Profits Surge with 14.43percent Turnover Increase for FY 24-25

14 August 2024: Swiss Military, the esteemed global brand synonymous with precision and quality, proudly announces its financial performance for Q1 FY 24-25, highlighting substantial growth. The company reported a total revenue of Rs. 4638.86 lacs and a profit before tax of Rs.232.43 lacs on a consolidated basis for the quarter. This represents a notable increase in both revenue and profitability compared to the same period in FY 23-24. On a standalone basis, Swiss Military achieved revenue of Rs. 4532.22 lacs and profit before tax of Rs. 307.45 lacs for Q1 FY 24-25.

In Q1 FY 24-25, the Swiss Military made significant strides in its operational plans with the development of a state-of-the-art manufacturing facility dedicated to producing high-quality luggage. This new facility is equipped with advanced production technology, stringent quality control processes, and sustainable practices. It is designed to enhance customization capabilities, support scalability for future growth, and meet evolving market demands. This investment is expected to drive innovation, foster growth, and provide greater value to customers and shareholders.

Anuj Sawhney, Managing Director of Swiss Military, commented on the results: “We have had a steady start to FY25 with balanced performance, consolidating our position from a record year gone by. Our renovation and innovation offerings are rolling out progressively with an encouraging response. Our strategic initiatives are driving tangible results, and we remain on track to meet our annual goals. Looking ahead, we are excited about the opportunities to build on this momentum and continue delivering value for our shareholders. With a visionary approach and a dedicated team, we’re not just anticipating the future—we’re shaping it. Thank you for your continued support and confidence in our vision. We are thrilled to announce exceptional financial performance this quarter, reflecting the strength of our business model and the dedication of our team. Despite ongoing economic challenges, we have achieved impressive revenue growth and strong profitability. Our focus on operational excellence, cost management, and strategic investment positions us well for continued success. We are committed to navigating market dynamics with agility and delivering lasting value to our stakeholders.”

Swiss Military operates as a debt-free organization with its headquarters in New Delhi, India. The company follows an asset-light operational strategy, collaborating with over 15 manufacturing partners and distributing through a network of 1,000 dealers. With a diverse portfolio of over 1,500 product SKUs, Swiss Military reaches customers through physical stores and more than 15 e-commerce platforms across 180+ cities. The brand remains dedicated to innovation, sustainability, and stakeholder prosperity, upholding its esteemed legacy in the global market.