Business · Companies · 1 day ago
Panvel profit rises 35.4% as digital sales more than double
Brazilian pharmacy group Panvel reported adjusted profit of R$46.4 million in the third quarter, up 35.4% from the same period a year earlier.
Its gross revenue reached R$1.7 billion, a 15.3% increase.
Digital sales grew 104% and accounted for 46.6% of retail revenue, with most digital purchases made through the app.
Chief financial officer Antonio Napp said Panvel is linking its app and physical stores, including by offering deliveries in 15 to 30 minutes.
The company also reported that sales of GLP-1 weight-loss products rose 68.8% and exceeded 11% of its retail sales.
Panvel aims to double in size by 2030, under a plan set out earlier in 2026.
Napp expects the GLP-1 market to expand in 2027 as new products, including oral versions, arrive.
Panvel Group reported adjusted net profit of R$46.4 million in the third quarter, up 35.4% from a year earlier.
Gross revenue reached R$1.7 billion, a 15.3% year-on-year increase.
Digital sales rose 104% and accounted for 46.6% of retail gross revenue.
CFO Antonio Napp said growth and the dilution of operating expenses supported the company’s performance.
- Who
- Panvel Group, with CFO Antonio Napp discussing the results.
- What
- Adjusted net profit rose 35.4% to R$46.4 million, while digital sales more than doubled.
- When
- The third quarter; the article was published on November 7, 2026.
- Where
- Not stated.
- Why
- Napp attributed the performance to sales growth and the dilution of operating expenses.
This story does not have two clearly opposing sides.
Panvel began revising the customer journey inside its physical stores.
At its Investor Day, Panvel set a plan to double the company’s size by 2030.
Panvel reported adjusted net profit of R$46.4 million and digital sales growth of 104%.
Panvel expects the market to expand with the arrival of new products, including oral versions of GLP-1.
- Adjusted net profit
- R$46.4 million, up 35.4% year on year
- Gross revenue
- R$1.7 billion, up 15.3% year on year
- Digital sales growth
- 104%
- Digital share of retail gross revenue
- 46.6%
- App share of digital sales
- 78.5%
- GLP-1 product sales growth
- 68.8%
What people are saying
We understand this is a change in level. This work has been underway over the past quarters.
We started challenging ourselves: how can we make the Panvel app, in the customer's hands inside the store, a useful tool for shopping and discovery?
In our view, pharmacies, because they sell essential products, are on average less affected than other retail sectors.