Chow Tai Fook Jewellery Group announced record high profits and robust revenue growth for the fiscal year ended March 31, 2026. The company's profit attributable to shareholders surged by 52.2% to a record HK$9,004 million, while operating profit increased by 27.8% to HK$18,850 million. Revenue also saw a 5.3% rise to HK$94,398 million, despite macroeconomic uncertainties and fluctuating gold prices. This strong financial performance underscores the success of the company's brand transformation strategy, which included launching high-margin iconic collections and enhancing operational efficiency.
The gross profit margin improved by 280 basis points to 32.3%, boosted by higher gold prices and increased contributions from design-led collections introduced since 2024. The operating profit margin reached a five-year high of 20.0%, up 360 basis points. The company's Return on Equity (ROE) also saw a significant improvement to 28.4%, exceeding its five-year historical average of 20.5%. These results led the board to propose a final dividend of HK$0.45 per share, bringing the full-year dividend to HK$0.67 and a payout ratio of 73.4%.
Strategic initiatives like redefining Chinese luxury globally, rejuvenating its product portfolio, and reimagining new horizons were key drivers of growth. The company successfully launched its signature DAWN Collection in April 2026, which generated over HK$500 million in Retail Sales Value (RSV) by the end of May and attracted new customers. Other collections like HUÁ, Rouge, Joie, and Chow Tai Fook Palace Museum Collection also contributed significantly, with HUÁ alone generating HK$43 billion in RSV. In February 2026, Chow Tai Fook opened its largest global flagship store in Hong Kong, showcasing its legacy and craftsmanship. The company also reported strong Same Store Sales (SSS) growth, with a 6.9% increase in mainland China and a 16.8% increase in Hong Kong and Macau for FY2026.
