Mamas & Papas has reported remarkable financial growth, attributed to strategic expansions and increased demand.
- The retailer has experienced a 7.1% rise in sales, reaching £154.3 million over the past year.
- Profits have also seen a substantial increase, with underlying profit rising by 27% to £13.2 million.
- Sales through UK concessions with M&S and Next saw a dramatic 48% increase.
- Internationally, the retailer has expanded with 28 overseas concessions, notably in Spain, Indonesia, and Thailand.
Mamas & Papas, a leading high street nursery retailer, has achieved record sales for the twelve months ending March 31. This success is significantly driven by both the strategic opening of new stores and a robust increase in demand for their diverse range of baby products. The company’s sales have impressively increased by 7.1%, amounting to £154.3 million over the period.
Not only did sales see a notable climb, but profits also experienced a significant boost. The firm’s underlying profit has risen by 27% to reach £13.2 million. A further reflection of their financial success is seen in the adjusted pre-tax profit, which escalated by 33% to £9.1 million, illustrating the efficiency and effectiveness of their growth strategies.
Sales across Mamas & Papas’ 36 UK concessions with prominent retail giants such as M&S and Next surged by 48% during the reported period. This growth was not only supported by introducing six new destinations but also by the full-year effect of 15 new locations launched in the preceding year. This expansion strategy has proved pivotal in enhancing their market presence and reach.
Further cementing their global footprint, Mamas & Papas has been vigorously expanding its international presence with 28 overseas concessions across nations including Spain, Indonesia, and Thailand. According to CEO Nathan Williams, the company is set on continuing to forge new international partnerships to further globalise the brand, building on the existing momentum.
Mamas & Papas is also focused on expanding their product range to meet rising market demands, particularly in anticipation of the upcoming festive season. As Nathan Williams highlights, the business is dedicated to increasing data capabilities and tailoring customer support to better serve parents throughout the critical phases of their pregnancy journey, ultimately enhancing customer relations.
This year’s growth highlights Mamas & Papas’ successful expansion strategy and commitment to customer-focused development.
