Patek Philippe helps Boodles’ revenue soar

Boodles has reported an almost 20% rise in sales compared to the previous period for the year ending 28 February 2025.

This represents comfortably the highest ever sales year for the sixth generation family business, albeit operating profit was its lowest since 2021. This may be in part due to a one-off double remuneration recorded for certain shareholders receiving both dividends and salary/bonuses.

The company’s strategic report states that Patek Philippe is responsible for 30% of the company’s revenue, which is both a triumph, and also something that the directors must be mindful of, in terms of over-exposure.

Boodles operates 10 retail outlets and has an e-commerce presence, with the majority of its revenue coming from its own jewellery, which it designs and creates.