Vivara Jewelry Chain Posts Record 91.9% Profit Surge in Q4 2024

Vivara, Latin America’s largest jewelry retailer, announced yesterday a remarkable 91.9% increase in fourth-quarter net profit to R$299.4 million ($49.9 million).

The financial report released Wednesday morning revealed exceptional performance across all key metrics despite challenging market conditions. The jewelry giant posted Q4 net revenue of R$913.3 million ($152.2 million), representing a 17.4% jump from the same period last year.

EBITDA for the quarter reached R$338.5 million ($56.4 million), soaring 50.4% year-over-year and demonstrating strong operational efficiency. Full-year results proved equally impressive, with 2024 net profit climbing to R$653.3 million ($108.9 million).

This represents a 71.4% increase from 2023. Annual net revenue grew 17.8% to R$2.57 billion ($428.3 million) while yearly EBITDA rose 42.5% to R$833.2 million ($138.9 million).

Founded over 60 years ago, Vivara operates through two main brands – Vivara and Life – with over 390 points of sale across Brazil. The company maintains a vertically integrated business model spanning design, manufacturing, and retail operations.

Vivara showed steady growth throughout 2024. Second-quarter performance particularly stood out with net profit of R$210.96 million ($35.2 million), representing a 91.8% year-over-year surge. Q2 revenue reached R$656.3 million ($109.4 million), up 17.2% from the previous year.

Vivara Reports Strong Q3 Growth

Third-quarter results continued the upward trend with revenue of R$562.9 million ($93.8 million), a 23% increase year-over-year. Q3 net income grew 40% to R$107.2 million ($17.9 million) with profit margins expanding from 17% to 19%.

The company’s consistent quarterly improvements drove its stock price higher throughout 2024. Following Q2 results, shares jumped 6.9% to R$26.35, making Vivara the top performer on Brazil’s Ibovespa index that day.

Analysts remain optimistic about Vivara’s prospects, forecasting 15% annual revenue growth over the next three years. This projection significantly outpaces the 7-13% growth forecast for Brazil’s overall luxury sector, positioning Vivara for continued market leadership.

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