CP AXTRA Reports Q3 Revenue of 130.36 Billion Baht, Optimises Store Portfolio to Drive Q4 Growth

Bangkok Post · Bangkok Post Public Company Limited · 2026-11-06 12:04 UTC

BANGKOK, Nov 6, 2026 – CP AXTRA Public Company Limited (CPAXT), the operator of “Makro and Lotus’s,” , announced its third quarter 2026 operating results, reporting total revenue of 130,362 million baht and normalised profit of 2,013 million baht. Performance was driven by wholesale sales, online sales growth of 26%, its operations in Malaysia and an improved retail gross profit margin, supported by effective pricing strategies and more efficient shrinkage management. During the quarter, CPAXT recorded one-time, non-cash accounting expenses related to its growth strategy. While these affected net profit for the period, they are expected to deliver immediate benefits to operating performance in Q4 of 2026 and throughout 2027.

BANGKOK, Nov 6, 2026 – CP AXTRA Public Company Limited (CPAXT), the operator of “Makro and Lotus’s,”, announced its third quarter 2026 operating results, reporting total revenue of 130,362 million baht and normalised profit of 2,013 million baht. Performance was driven by wholesale sales, online sales growth of 26%, its operations in Malaysia and an improved retail gross profit margin, supported by effective pricing strategies and more efficient shrinkage management. During the quarter, CPAXT recorded one-time, non-cash accounting expenses related to its growth strategy. While these affected net profit for the period, they are expected to deliver immediate benefits to operating performance in Q4 of 2026 and throughout 2027.

Tanik Tarawisid, group chief financial officer of CP AXTRA Public Company Limited, stated, “Q3 marks an important milestone in our long-term growth transformation. We continue to drive omnichannel integration by strengthening our online channels to meet evolving consumer needs, while optimising our offline portfolio and expanding into high-potential locations in Thailand and overseas. We expect these efforts to deliver full-quarter momentum in Q4 of 2026 and into 2027 across revenue, quality of earnings and long-term returns.”

CPAXT is committed to sustaining growth through the following key initiatives:

Read the full story at Bangkok Post · All coverage of this story