Wesfarmers: revenue by division 2024

Australian conglomerate, Wesfarmers Limited, saw its Bunnings division lead revenue generation in the 2024 financial year, contributing over 18.9 billion Australian dollars to the company’s total annual revenue. Bunnings Group is an Australian household hardware chain owned by Wesfarmers since the early 1990s. While Bunnings remains the standout performer for Wesfarmers, other divisions also contribute significantly to the company's success. The Kmart Group was the second-largest revenue producer in 2024, bringing in around 11 billion Australian dollars. The acquisition of Australian Pharmaceutical Industries (API) in March 2022 has also added another dimension to Wesfarmers' portfolio.

Bunnings: Australia’s standout DIY and hardware retailer

Bunnings’ strong financial performance is supported by its expanding retail network. In the 2024 financial year, Bunnings Group operated around 513 retail locations, a significant increase from just over 375 in 2020. This growth in physical presence and performance cements Bunnings’ dominant position in the Australian DIY and home improvement landscape, where it commands a share of over two-thirds of the country’s DIY market, far outpacing its closest competitor, National Building. Not only is Bunnings domestically influential, but it also sits among the top ten DIY retail stores by net revenue worldwide.

Kmart: one of Australia’s top department store chains

Over the past few years, following a dip in revenue in 2022, the Kmart Group has repositioned itself strategically to stay relevant, boosting its thriving Anko brand, which was introduced in 2019, as well as creating duplicates of popular items at lower prices. The retail department store chain is a well-known name in Australia, with over 445 Kmart Group locations across Australia and New Zealand, including Kmart, K hub, and Target. Beaten by only Amazon and eBay, the chain sits among the top three online retailers and marketplaces purchased from by online shoppers in Australia in 2024, tying with grocery retail giant Woolworths.

Revenue of Wesfarmers Limited from financial year 2019 to 2024, by division (in billion Australian dollars)

Characteristic	Bunnings	Kmart Group	WesCEF	Officeworks	WIS	API*	Catch**
-	-	-	-	-	-	-	-
-	-	-	-	-	-	-	-
-	-	-	-	-	-	-	-
-	-	-	-	-	-	-	-
-	-	-	-	-	-	-	-
-	-	-	-	-	-	-	-

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Release date

August 2024

More information

Region

Australia

Survey time period

FY 2019 to FY 2024

Supplementary notes

*New Wesfarmers health division as of 2022, thus no data available for previous years.

**As of 2022, Catch has been included as its own segment, previously included in the Kmart Group revenue figures.

Values have been rounded.

Australia's financial year runs from July 1 to June 30. For example, financial year 2020 starts on July 1, 2019 and ends on June 30, 2020.

WesCEF = Wesfarmers Chemicals, Energy, and Fertilizers.

WIS = Wesfarmers Industrial and Safety.

API = Australian Pharmaceutical Industries.

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