Pakistan Food: Soft inflation supporting margins in 1Q - By JS Research
30 May 2025
Based on the cumulative figures of 9 listed food companies, we review food sector’s profitability for Mar-2025 quarter. Sales revenue for our selected companies grew by 5% YoY/ 11% QoQ while gross/ operating margins were up 2ppts/4ppt QoQ during 1QCY...
Rafhan Maize Products Company Limited (RMPL): CY24 Corporate Briefing Takeaways - By Taurus Research
16 May 2025
Rafhan Maize Products Company Limited (RMPL) is an affiliate of Ingredion Incorporated, USA. Ingredion is one of the world’s leading corn refiners and carries a 71% stake in RMPL. RMPL considers itself to be an ingredients solution provider and serve...
Rafhan Maize Products Company Limited (RMPL): Corporate Briefing Notes - By Chase Research
16 May 2025
Rafhan Maize Products Company Limited reported earnings per share PKR 809.31 in CY24, up 8% from PKR 748.43 in CY23. This translates into profit after tax of PKR 7.48 Bn in CY24 compared to PKR 6.9 Bn in CY23. ......
Food : Revenue and margins remained under pressure in 4Q - By JS Research
20 Mar 2025
Based on the cumulative figures of sample consisting 9 listed food companies, we review the Food sector’s profitability for Dec-2024 quarter. Despite 1% YoY decline in revenues and 200bp decline in gross margins, softening of interest rates helped th...
Food & Personal Care: Sector Earnings Grew by Massive 54%YoY - By Sherman Research
13 Mar 2025
With falling oil prices, sharp reduction in interest rates and improvement in disposable income led by falling inflation, one sector which attracts investors’ attention is Food sector. Pakistan’s listed Food & Personal Care sector is mainly skewe...
Pakistan Food: Another challenging year – By JS Research
31 Dec 2024
Food companies started CY24 with a baggage of challenges carried from the previous year, where imposition of GST on dairy products and increase in taxes for salaried individuals and exports business added to the sector woes. Resultantly, we saw decel...
Food & Personal Care: Turnaround in Beverage Industry during 4QFY24 – By Sherman Research
17 Oct 2024
Higher inflation affected revenue and profitability of Pakistan’s listed food sector as revenue grew by meager 2% while net earnings of the sector plunged by 24%YoY during 4QFY24 versus same period last year. Examining the data closely, it seems that...
Food: Margins stabilize; recent budgetary measure concerns loom – By JS Research
11 Sep 2024
Based on the cumulative figures of 8 listed food companies, we review food sector’s profitability for Jun-2024 quarter. Despite 5% YoY higher sales and steady margins, sector’s bottomline contracted 10% YoY, owing to higher operating expense and fina...
Pakistan Food: Pace of revenue growth slowing down – By JS Research
29 May 2024
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 – lowest in the last 13 quarters, the YoY pace of growth is continu...
Rafhan Maize Products Company Limited (RMPL): CY23 Corporate Briefing Takeaways – By Taurus Research
15 May 2024
Rafhan Maize Products Co. Limited commenced operations in 1953 as a pioneer in the corn refining industry. Over the years, it has evolved into one of the leading agro-based industries in Pakistan. The Company operates corn processing plants in Punjab...
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