Bravissimo reports 51.78 million pounds revenue following warehouse disruption

UK lingerie retailer Bravissimo Limited has published its annual financial statements for the 12 months ended March 31, 2026, reporting revenue of 51.78 million pounds.

The figures follow an extended 17-month comparative period ended March 31, 2025, during which the retailer generated 79.27 million pounds after changing its accounting reference date following its acquisition by Wacoal Europe Ltd in September 2024.

Warehouse fire impacts operations

Trading during the financial period was significantly affected by a warehouse fire in June 2025, which disrupted replenishment and fulfilment processes across channels. Operational recovery was established in January 2026 as operations returned to the main facility.

The disruption particularly affected direct-to-consumer (D2C) sales through its e-commerce channel. Website sessions decreased 11.7 percent year-over-year to 12.32 million, while website conversion rates contracted 18.9 percent to 3 percent. Active customers dropped 9.3 percent to 544,785, down from 600,535 in the previous period.

In contrast, high street store footfall experienced a 2.7 percent increase to 1.45 million visitors, with retail conversion rate rising 1.9 percent to 32.1 percent.

Margin expansion and profitability

Despite top-line pressures, gross profit reached 32.73 million pounds, translating to a gross margin of 63.2 percent. This represents an improvement from the 61.8 percent gross margin recorded in the prior 17-month period.

Operating profit reached 4.51 million pounds, supported by 12.67 million pounds in other income, primarily comprising insurance recoveries linked to the fire. Profit before taxation stood at 4.64 million pounds, leading to a net profit of 4.17 million pounds after a tax charge of 476,203 pounds.

Balance sheet and inventory management

At the end of the reporting period, inventory levels decreased to 15.21 million pounds from 15.86 million pounds as of March 31, 2025. Cash and cash equivalents increased to 8.23 million pounds compared to 4.94 million pounds in the previous period.

Net assets rose to 21.19 million pounds, driven by retained earnings of 18.93 million pounds.