Retailers
Hamilton and Inches posts record sales
Alongside this, the company’s gross margin remained stable at 37% while its overheads increased to £3.5m, up from £2.8m
Scottish jeweller Hamilton and Inches has announced record sales of £11.3m, an increase of 16%, for the year ended 25 March 2023.
It attributed this success to its continued focus on “elegant design and timeless craftsmanship”.
The company also posted a pre-tax profit of £1.3m, slightly lower than the £1.4m it posted the previous year.
Alongside this, the company’s gross margin remained stable at 37% while its overheads increased to £3.5m, up from £2.8m.
Advertisement
CEO Victoria Houghton said: “In particular, we are delighted to see outstanding growth across the fine jewellery, silverware, and watch categories along with strong watch service and repair sales driven by our status as a Rolex Accredited Service Centre.”
