Pakistan Food: Pace of revenue growth slowing down – By JS Research

<p></p><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">We review Food sector financial performance for Mar-2024 quarter (based on our sample of 9 listed food companies). As our selected companies reported 10% YoY growth in 1QCY24 revenue &ndash; lowest in the last 13 quarters, the YoY pace of growth is continuously heading downwards from a 3-year average of 30%.</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">While gross margins trimmed (-50bp YoY), higher finance costs added to the burden. Resultantly, cumulative net earnings showed a 27% YoY decline during 1QCY24.</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Any inflationary measure or increase in tax for individuals if taken in the upcoming FY25 F...