Miniso Q1 2026 profit triples to 1.25bn yuan

Chinese fund retailer Miniso’s archetypal 4th (Q1) nett tripled year-on-year (YoY) to 1.25bn yuan ($180.9m), from 416.5m yuan successful the aforesaid play past year.

Revenue for the 4th roseate 28.5% YoY to 5.68bn yuan. The institution said the summation was supported by mid-single-digit same-store income maturation astatine radical level.

Revenue from the Miniso marque climbed 26.6% to 5.17bn yuan.

Within that, gross from mainland China roseate 29.6%, helped by high-single digit same-store income maturation (SSSG). Overseas gross accrued 21.9%, supported by low-single-digit same-store income growth.

Overseas markets contributed 37.5% of Miniso marque revenue, down from 39% a twelvemonth earlier.

Revenue from Minsio sub-brand Top Toy accrued 51.4% YoY to 514.5m yuan.

Gross nett for the 4th ended 31 March 2026 roseate 25.8% to 2.46bn yuan.

Gross borderline slipped to 43.3% from 44.2% successful the aforesaid play past year.

Operating nett roseate 114.3% to 1.52bn yuan from 709.8m yuan a twelvemonth earlier.

Operating borderline widened to 26.7%, compared with 16.0% successful the prior-year period. Net nett borderline accrued to 21.9% from 9.4%.

As of 31 March 2026, Miniso’s full store number stood astatine 8,565. That was a nett summation of 797 year-on-year and 80 since the commencement of the year.

The Miniso marque had 8,210 stores, up 722 YoY and 59 year-to-date.

Of those, 4,593 were successful mainland China, up 318 from a twelvemonth earlier portion 3,617 were successful overseas markets, up 404.

Top Toy had 355 stores astatine the extremity of the quarter, up 75 YoY and 21 since the commencement of the year.

Miniso founder, president and CEO Guofu Ye commented: "Entering the 2nd fractional of 2026, we volition proceed to deepen our globalisation and IP strategies, driving high-quality maturation done continuous merchandise premix optimisation, upgrade and enlargement of our store web and leveraging a multidimensional IP matrix. We are firmly advancing with intent toward our semipermanent objectives."

Miniso main fiscal serviceman Eason Zhang said: "Our sustained top-line excellence underscores our competitory borderline successful capturing marketplace stock and our unwavering marque influence, powered by different beardown SSSG connected radical level. Excluding FX, adjusted operating nett would person accrued 14.3% with a borderline of 14.7%, underscoring the steadfast maturation of our halfway business."

"Miniso Q1 2026 nett triples to 1.25bn yuan" was primitively created and published by Retail Insight Network, a GlobalData owned brand.

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