Company: LHI
Filing Date: 2025-05-23
Form Type: F-1
Source: 0001213900-25-046955
Chunk: 109

Company: Living Homeopathy International Ltd.
Filing Date: 2025-05-23
Form: F-1
Chunk 109
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 by $190,137 or 8.6% from $2,200,247 for the year ended March 31, 2023 to $2,010,110 for the year ended March 31, 2024, which was mainly due to the decrease in both quantity sold and average unit cost. The average unit cost of healthcare products decreased by $0.3 per unit or 5.8% from $4.7 per unit in fiscal year 2023 to $4.5 per unit in fiscal year 2024. Decrease in quantity sold was a result of decrease in demand for healthcare products due to relieve of severe pandemic. Besides, the demand for low-cost homeopathic remedies was higher than the demand for high-cost homeopathic remedies, leading to the overall decrease in average unit cost.

Our cost of personal care products increased by $14,326 or 38.5% from $37,182 for the year ended March 31, 2023 to $51,508 for the year ended March 31, 2024. The increase in cost of revenue was mainly driven by the increase in both quantity sold and average unit cost. The increase in quantity sold contributed higher costs, which was in line with increase in revenue. Moreover, the new established personal care products had higher average purchase costs, leading to the overall increase in average unit cost in fiscal year 2024.

Cost for water filters and related products slightly increased by $5,892 or 9.5% from $61,748 for the year ended March 31, 2023 to $67,640 for the year ended March 31, 2024, which was mainly due to increase in quantity sold while partially offset by decrease in average unit cost.

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Gross profit

The following table sets forth the breakdown of our gross profit and gross margin by category for the years ended March 31, 2024 and 2023, respectively.

| Gross profit of                       |     | For                       
 the years ended March 31, 
 2024                      
 Gross                     
 Profit                    |           |     | Gross  
 Margin |      |   |     | 2023   
 Gross  
 Profit |           |     | Gross  
 Margin |      |   |     | Variance 
 Gross    
 Profit   |          |   |     | Gross  
 Margin 
 (pp)   |      |   |
|:--------------------------------------|:----|:--------------------------|----------:|:----