Miniso net profit rises 24.4% to $81.2m in 1Q24

Revenue for the period was 26.0% higher YoY.

Global lifestyle brand MINISO reported a net profit of $81.2m (RMB586m) for the March quarter of 2024, a 24.4% increase year-over-year.

The company’s revenue for the same period was $515.7m (RMB3,723.5m), up 26.0% from the previous year.

As of 31 March, the number of MINISO stores worldwide reached 6,630. This includes 2,596 stores in overseas markets, excluding mainland China, with a net addition of 109 new overseas stores in the quarter.