• Where are the ladies?October 7, 2025
    Botswana enjoys athletics success but… NANCY RAMOKHUA RelatedPosts Where are the ladies? FMD surges in SA Banks report P5.98 billion loan defaults editors@thepatriot.co.bw   Questionably for several years now, ladies in athletics have their representation visibly missing at international… Read more: Where are the ladies?
  • FMD surges in SAOctober 6, 2025
    Border villages,Tlokweng on high alert Cattle crossing into SA to be slaughtered Farmers to conduct FMD routine checks   BAKANG TIRO RelatedPosts Where are the ladies? FMD surges in SA Banks report P5.98 billion loan defaults editors@thepatriot.co.bw   Government… Read more: FMD surges in SA
  • Banks report P5.98 billion loan defaultsOctober 6, 2025
    Government’s growing fiscal pressures escalate risks of default in household and business loan repayments   RelatedPosts Where are the ladies? FMD surges in SA Banks report P5.98 billion loan defaults STAFF WRITER editors@thepatriot.co.bw Arrears on loans to the household… Read more: Banks report P5.98 billion loan defaults
  • Botswana Council of Churches calls for peaceOctober 6, 2025
    GORATAONE KGOSIMORE editors@thepatriot.co.bw RelatedPosts Where are the ladies? FMD surges in SA Banks report P5.98 billion loan defaults   Rev. Mmachakga Moruakgomo, representing the Botswana Council of Churches, on August 2025 undertook a diplomatic visit to Ukraine aimed at… Read more: Botswana Council of Churches calls for peace
  • Botswana defends slaughtering elephantsOctober 6, 2025
    Global uproar over killing 21 elephants for Independence festivities KITSO RAMONO editors@patriot.co.bw RelatedPosts Where are the ladies? FMD surges in SA Banks report P5.98 billion loan defaults   The Ministry of Environment and Tourism has confirmed authorising the killing… Read more: Botswana defends slaughtering elephants
  • Home
  • News
  • Business
  • Lifestyle
  • Sport
  • Analysis & Opinions
  • Vacancies & Tenders
  • Login
  • Register
Thursday, October 9, 2025
The Patriot On Sunday
Advertisement
  • Home
  • News
  • Business
  • Lifestyle
  • Sport
  • Analysis & Opinions
  • Vacancies & Tenders
No Result
View All Result
Cart / $0.00

No products in the cart.

  • Home
  • News
  • Business
  • Lifestyle
  • Sport
  • Analysis & Opinions
  • Vacancies & Tenders
No Result
View All Result
The Patriot On Sunday
No Result
View All Result

Choppies sales jump to P4.7 billion

Ricardo Kanono by Ricardo Kanono
March 26, 2025
in Business
0

Leading regional retailer Choppies has enjoyed a 19.3 per cent jump in retail sales for the six months ending December 2024; posting P4 677 million compared to P3 921 million in the corresponding period. This was on the back of a 15.5 per cent growth in foot fall – individual buyers that entered Choppies stores across its various markets of Botswana, Namibia and Zambia. Group CEO Ramachandran Ottapathu said that they are well focused on ensuring the company improves performance further in its three markets of Botswana, Namibia and Zambia. “We are well focussed on our markets – Botswana which is a matured market has continued to do well. Namibia has started breaking even. We are about five stores away from reaching the critical mass in Namibia which will then increase profitability. Zambia has showed a decent profit despite power disruptions and devaluation volatility,” said Ottapathu. Going forward, he said, they will step up organic growth and enhance retail innovations. 

SALES GROWTH 

RelatedPosts

Banks report P5.98 billion loan defaults

BDC Group revenue surges to P802m

Choppies gross profit hits P1.8 billion

The retailer’s Group Chief Financial Officer Minnesh Rajcoomar when acknowledging the foot fall growth declared: “This is phenomenal because it means we are taking the market away from our competitors. We are doing a lot of things right and this is bringing us more customers”. 

Among other initiatives that have attracted customers to Choppies stores in the annual birthday bonanza where customers win many prizes including luxury vehicles. For the period under review a lucky customer drove away with a Land Cruiser. 

Rajcoomar hailed the opening of new 26 stores that spurred volume growth for the increase in overall sales. 

”Choppies segments saw volume growth of 14.5% and achieved price growth of 3.7%. Choppies segments sales for like-for-like stores increased by 15.1%,” said the company directors in a commentary accompanying the results that also showed that Operating profit (EBIT) increased by 6.1% from P179 million to P190 million. 

“Shareholders need to understand that because we are highly diversified, we are able to continue to perform well because while some segments could drag the group down others are able to stand in and perform well,” he said, pointing to the resilience of the business and projecting that they will do even better in the future. 

Rajcoomar’s optimism is well placed since they have recently sold their Zimbabwean operations which has dragged down the group’s overall performance for years. 

Their concern now is in improving the performance of the recently acquired Liquorama to enhance its market share. “This liquor industry is dominated by liquor wholesalers who are competing with retailers. We are battling with competition and at times supplies issues but we believe we will be able to turn the tide,” he said. 

He said they are also working on the Builders Mart brand to scale up its efficiency and presence. “We have prepared the ground for this brand to begin to perform better and we shall be opening about five Builders Mart shops in Namibia in the next 12 months,” he said. 

He further talked in glowing terms about their ‘On the Go’ stores which are run as 24 hours convenience stores set up in fuel stations as performing very well. 

“Our cash generation remains very strong. Our free cash went up 10 per cent from P251 million to P278 million. This places us in a good position to borrow more to fund our expansion programme or new products development,” he said. 

Rajcoomar is happy with their fintech innovations – hailing their Payzana payments platform as great innovation which is being fully embraced by customers. 

MARKETS 

In terms of country performance Botswana sales “increased by 16.0% with like-for-like sales growth of 11.5%, as the business continued to show strong resilience in an increasingly challenging economic environment. Sales increased to P2 905 million (2023: P2 505 million) supported by volume growth of 13.0%, price inflation of 3.7% and six new stores”. 

Namibia posted a sales growth of 51.0%, moving from a loss last year of P4 million to a profit this year of P6 million. “As the new stores reach full potential, profitability has improved. There has been a marked improvement in the gross profit rate as we are more precise in our promotional activity, and we completed the implementation of our inventory optimisation system during the last quarter and will start seeing the benefits of better managed availability in the balance of the six months of financial year 2025,” said the directors. 

Zambia enjoyed a sales growth of 12.4% in Pula value equating to growth of 37.8% in Kwacha value. “Six new stores were opened during the year. The Kwacha has experienced a 21% decline against the Pula since the end of December 2023, primarily due to a drop in metal prices and production in this copper-producing nation. The recent droughts are a challenge for power generation,” the directors said. 

DIVIDEND 

Due to this good performance shareholders will receive an interim dividend of 1.6 Thebe per share in May. This according to Rajcoomar translates into a P30 million total pay out for shareholders. 

Previous Post

Khama sabotages Botswana’s diplomatic relations

Next Post

Gamblers miffed over online sites

Related Posts

Banks report P5.98 billion loan defaults
Business

Banks report P5.98 billion loan defaults

October 6, 2025
BDC Group revenue surges to P802m
Business

BDC Group revenue surges to P802m

October 6, 2025
Choppies gross profit hits P1.8 billion
Business

Choppies gross profit hits P1.8 billion

October 2, 2025
Tataki mine opens
Business

Tataki mine opens

September 22, 2025
Banks in P90.79 billion household debt
Business

Banks in P90.79 billion household debt

September 13, 2025
𝐇𝐞𝐦𝐩 𝐈𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭 d𝐞𝐚𝐥s roll in
Business

𝐇𝐞𝐦𝐩 𝐈𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭 d𝐞𝐚𝐥s roll in

September 13, 2025
Next Post
Gamblers miffed over online sites

Gamblers miffed over online sites

  • Where are the ladies?October 7, 2025
    Botswana enjoys athletics success but… NANCY RAMOKHUA RelatedPosts Where are the ladies? FMD surges in SA Banks report P5.98 billion loan defaults editors@thepatriot.co.bw   Questionably for several years now, ladies in athletics have their representation visibly missing at international… Read more: Where are the ladies?
  • FMD surges in SAOctober 6, 2025
    Border villages,Tlokweng on high alert Cattle crossing into SA to be slaughtered Farmers to conduct FMD routine checks   BAKANG TIRO RelatedPosts Where are the ladies? FMD surges in SA Banks report P5.98 billion loan defaults editors@thepatriot.co.bw   Government… Read more: FMD surges in SA
  • Banks report P5.98 billion loan defaultsOctober 6, 2025
    Government’s growing fiscal pressures escalate risks of default in household and business loan repayments   RelatedPosts Where are the ladies? FMD surges in SA Banks report P5.98 billion loan defaults STAFF WRITER editors@thepatriot.co.bw Arrears on loans to the household… Read more: Banks report P5.98 billion loan defaults
  • Botswana Council of Churches calls for peaceOctober 6, 2025
    GORATAONE KGOSIMORE editors@thepatriot.co.bw RelatedPosts Where are the ladies? FMD surges in SA Banks report P5.98 billion loan defaults   Rev. Mmachakga Moruakgomo, representing the Botswana Council of Churches, on August 2025 undertook a diplomatic visit to Ukraine aimed at… Read more: Botswana Council of Churches calls for peace
  • Botswana defends slaughtering elephantsOctober 6, 2025
    Global uproar over killing 21 elephants for Independence festivities KITSO RAMONO editors@patriot.co.bw RelatedPosts Where are the ladies? FMD surges in SA Banks report P5.98 billion loan defaults   The Ministry of Environment and Tourism has confirmed authorising the killing… Read more: Botswana defends slaughtering elephants
The Patriot On Sunday

© 2024 Copyright The Patriot On Sunday - Inspired by Search Mart.

Navigate Site

  • About Us
  • Advertise
  • Disclaimer
  • Contact Us

Follow Us

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Login
  • Sign Up
  • Cart
  • Home
  • News
  • Business
  • Lifestyle
  • Sport
  • Analysis & Opinions
  • Vacancies & Tenders

© 2024 Copyright The Patriot On Sunday - Inspired by Search Mart.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?