Morellato posts 4% growth, EBITDA margin at 21%

Morellato Group closed its 2025–26 financial year, which ended on February 28, with consolidated turnover of €750 million, up 4%, and an EBITDA margin of 21%, in line with the previous financial year.

 
Founded in 1930 in Venice, the company now runs 665 company-owned jewellery stores, distributes its brands through around 7,000 wholesale partners in 60 countries, and generates 20% of its turnover from e-commerce. Its core business remains jewellery, which accounts for 75% of total turnover; the portfolio includes jewellery and watch brands such as Morellato, Sector, Christ, Bluespirit, and D’Amante.

 
“Morellato understands the European consumer like no other in the jewellery and watchmaking sector. This in-depth understanding, built through a fully integrated model, enables us to grasp their desires and expectations,” emphasises Chairman Massimo Carraro. “Artificial intelligence, which we are already introducing without reducing headcount, while enhancing our people’s skills, represents a further step in this direction: a tool to transform knowledge into increasingly relevant experiences, strengthen our brands and respond promptly to the needs of those who choose us every day.”

Highly active on the sustainability front, the group has been certified by the Responsible Jewellery Council (RJC)- the leading international organisation that sets and monitors sustainability standards in the jewellery sector- since 2023, and has published the fifth edition of its Sustainability Report. Morellato Group employs almost 4,800 people, over 85% of whom are women and around 40% are under 30.