Axia Corporation Limited recorded revenue growth of up to 82 percent across key business units in the third quarter ended March 31, 2026, as firm consumer demand and stable trading conditions lifted performance across the group’s retail, manufacturing and distribution operations.

The diversified group said its performance was anchored on improving economic stability in Zimbabwe, which helped sustain spending on household goods, furniture and automotive products.

“During the third quarter, the Group’s performance was underpinned by a stable macroeconomic environment in Zimbabwe, characterised by stable exchange rates and contained inflation. Demand continues to be strong,” the company said in a trading update.

Axia’s retail operations emerged as major growth drivers during the quarter.

TV Sales & Home posted revenue growth of 49 percent, with volumes rising 43 percent to 50 399 units, reflecting continued demand for consumer electronics and home appliances. Year-to-date revenues are now 35 percent ahead of last year.

Restapedic Bedding recorded one of the strongest performances, with revenues increasing 63 percent after volumes climbed 57 percent to 17 275 units.

The Restapedic Lounge division also delivered solid gains, recording revenue growth of 57 percent despite a slower 21 percent increase in volumes, suggesting improved pricing strategies and stronger product positioning.

The standout performer for the quarter was Distribution Group Africa Zimbabwe, where volumes surged 52 percent to 950 938 units, translating into revenue growth of 82 percent — the highest increase recorded within the group.

The strong performance highlights growing activity in distribution channels as businesses and retailers restocked following improved economic stability.

Transerv, Axia’s automotive spares division, registered revenue growth of 13 percent supported by an eight percent rise in volumes to 862 769 units, signalling steady demand in the vehicle maintenance market.

Regional operations reflected differing economic conditions across markets.

In Zambia, revenues rose 28 percent despite a 15 percent decline in volumes, benefiting from currency strengthening against major currencies.

Malawi operations continued to face foreign currency shortages, which weighed on performance despite underlying demand.

“The business in Malawi had a 29 percent revenue growth for the quarter on the back of a five percent decline in volumes,” the company said, adding that exchange rate depreciation affected year-to-date results when translated into US dollars.

Axia also warned that global supply chain disruptions linked to the Middle East crisis continue to increase input and delivery costs.

“Disruptions in global supply chains… continue to impact the cost of some of our material as well as the cost of delivery of our products,” the company said.

Momentum Expected to Continue

Management expressed confidence that current trading momentum will extend into the final quarter of the financial year.

“Management is hopeful that the growth momentum will continue into the last quarter of the financial year, supported by a stable macro-economic environment and strong demand across all business units,” Axia said.

The latest results position Axia among Zimbabwe’s stronger consumer-facing companies, with sustained demand for household goods and distribution services emerging as a key indicator of improving retail activity.