MC Group Public Company (MC) Q2 2026 earnings summary

Executive summary

• Q2 FY2026 was a seasonally strong quarter with double-digit revenue growth, driven by robust online sales and effective cost control.

• Non-denim products now account for 67% of the portfolio, reflecting diversification and brand extension efforts.

• E-commerce sales grew nearly 83-89% YoY in Q2, with TikTok and Shopee as top platforms, and online now contributes 27-29% of total revenue.

• Maintained a robust financial position with zero debt and high cash reserves, supporting resilience.

• Principal business is manufacturing and distribution of clothing and accessories, with all operations and assets based in Thailand.

Financial highlights

• Q2 FY2026 sales revenue rose 11.7% YoY to THB 1,492 million; H1 revenue up 9.9% to THB 2,393 million.

• Accounts receivable rose to THB 289 million, and accounts payable at THB 353 million, reflecting seasonal sales and inventory purchases.

• Gross margin in Q2 was 62%, rebounding to 64% in early Q3; H1 gross profit increased 6.5% YoY.

• Interim dividend payout at THB 0.52 per share, 98% payout ratio, approved in February 2026.

• Net profit for six months was Baht 418.97 million, with basic EPS at Baht 0.53, both slightly down YoY.

Outlook and guidance

• Forecasting 9% revenue growth for the full year, with H2 expected to match H1 trends.

• Strategic focus on increasing sales per sqm by 20%, expanding POS, and accelerating online and CRM-driven growth.

• Launch of youth-focused sub-brand MCJ and new products (e.g., Mc Perfume) to drive future growth.

• Targeting 50,000 sqm sales area within three years.