EBITDA grows 6.4% to $214.1 million; EBITDA margin at 10.3%; Net profit reaches $69.7mn, up 15.8%; Net profit margin at 3.4%
Lulu
Latest in Lulu
consumer behaviour
Unilever rolls out major sustainability drive in UAE in bid to boost sales, shift consumer behaviour
Unilever’s sustainability initiatives are not limited to the UAE, but are embedded across multiple brands and markets, the company’s GM Manan Gupta said
Abu Dhabi
Lulu Retail revenue for 2024 grows 4.7% to $7.6bn
Net Profit increases 12.6% YoY to $216.3 million; Private Label revenue and e-commerce sales up 29.6% and 70% respectively
India
Lulu Retail revenue reaches $1.86 billion in first post-IPO result
Revenue up 6.1% for Q3 2024 and 5.7% YoY for 9M 2024; Q3 EBITDA increases 9.9% to $176.3 million; Group opens 12 new stores in 9M 2024
Abu Dhabi Securities Exchange
Lulu Retail Holding appoints BHM Capital as liquidity provider on ADX
This provides greater price stability and ensures adequate trading volumes at any given price level
IPO
Lulu IPO raises $1.72bn largest share offering of the year
Lulu IPO gives retail giant a market capitalisation of around $5.7bn
Abu Dhabi
New UAE laws; Petrol price increase; Dubai’s ‘viral chocolate’; Visa amnesty extended; Tax rules updated – 10 things you missed this week
UAE visa amnesty, new laws announced, petrol prices increased, Dubai real estate strategy and more of the top news stories this week
Egypt
Modon Holding and LuLu team up to expand retail presence in the UAE and Egypt
The two will jointly explore high-potential locations for retail development, implement smart retail solutions and advanced logistics infrastructure
Initial public offering
LuLu IPO: More retailers across MENA now eye IPO, up to $100bn in market cap on the way
Strong fundamentals such as stability, sustainability and scalability to drive the IPO surge among the region’s retail and grocery market players
Abu Dhabi
LuLu IPO: How to invest in UAE’s latest blockbuster public listing
Based on the price range, Lulu Retail’s market capitalisation could reach between AED 20.04 billion and AED 21.07 billion
Lulu
UAE-based digital investment platform Eureeca launches global IPO access product; to debut with LuLu issue
The initiative is part of the company’s ambitious plans to build a digital investment bank to enable accessibility directly from users’ mobile phones
Abu Dhabi
LuLu Chairman Yusuff Ali signals potential Saudi listing; Abu Dhabi IPO to drive growth
Revelations on possible new plans come close on the heels of Lulu announcing its Abu Dhabi IPO plans
Dubai
Spinneys, LuLu’s IPOs to set right tone for other private family-owned businesses to follow suit, say analysts
Until now, most listings in the UAE were from government utilities and private corporations
Dubai
Lulu opens massive hypermarket in Dubai Mall
Lulu Group opens 72,000sq ft hypermarket in Dubai Mall
1 Billion Meals Endowment
Lulu Group’s Yussuf Ali gives $2.72 million to 1 Billion Meal campaign
A reflection of my commitment to support all charity efforts that strengthen the UAE’s reputation as a global hub for humanitarian efforts, says Ali
India
UAE-based LuLu Group forays into North Indian market with region’s largest supermarket
Besides the mall in Lucknow, UP, the Group is also reportedly planning to set up a new food and vegetable processing unit in the state