AUGAF
  • Home
  • Politics
  • Business
  • National
  • News
  • Finance
  • Technology
  • Sports
  • International
  • CommoditiesNew
  • Contact
No Result
View All Result
  • Home
  • Politics
  • Business
  • National
  • News
  • Finance
  • Technology
  • Sports
  • International
  • CommoditiesNew
  • Contact
No Result
View All Result
AUGAF
No Result
View All Result
Home Business

Fauji Food Reported Profit For The Second Consecutive Quarter On 83% Growth in Revenue

admin-augaf by admin-augaf
October 23, 2023
in Business, Finance
Reading Time: 2 mins read
0
Fauji Food
Share on FacebookShare on TwitterWhatsapp

Lahore October 23 2023: Fauji Food Limtied (FFL) recorded its second consecutive PAT positive quarter (PKR 38.6 mn) in Q3 2023, according to company filing to the exchange.

The company has cemented its turnaround as it has been in green for 7 months running. The YTD revenue of PKR 14.8 bn (+83% SPLY) reflect the sustained growth momentum for the business.

Nurpur continues to drive growth (+45% SPLY). The successful marketing campaign and Route to Market revamp remain the main drivers. Nurpur was duly recognized as the most Impactful Brand by Oula (Kantar) in UHT category. The institutional business forms the other key pillar of growth strategy, and it grew by 147% over SPLY.

The commercial sustainability is reflected through improved structure of the P&L as Gross Margins increased from 3.5% 9 months 2022 to 12.3% in 9 months 2023. This was driven by continued focus on cost efficiencies backed by twin sustainability projects of 1 MW solar and bio mass which went into production in Q1 and are expected to positively impact energy cost in 2023. These initiatives along with price increases & other planned cost optimizations yielded an additional 8.8% Gross Margin. As a result, FFL achieved 9 months operating profit of PKR 258 mn vs PKR (1.07) billion loss in SPLY, an increase of PKR 1.33 billion. This is despite of renewed focus and spend behind the brand in 2023. With a solid turnaround strategy delivering results, the EBIDTA, which has been on a growth path since Q422 surged to PKR 670 Mn in 9 months23 from an EBITDA loss of PKR (702) mn, an increase of 1.37 billion over SPLY.

Looking ahead, the investment in brands and distribution infrastructure should continue to fuel the growth. With the legacy debt burden now removed from the books, the growth in Margins and EBIDTA will help grow the business even faster whilst introducing new products. The strategy of pivoting to value added portfolio will enable the business to cover the expected inflation through pricing & margin management. We are confident that FFL driven by its vision of “Unleashing Pakistan’s promise in everything we touch” will not only build a successful business but leave a mark on the broader national landscape for times to come.

Tags: fauji foodFFL
admin-augaf

admin-augaf

Related Posts

BYD’s Supply Chain Financing Masks Ballooning Debt, Research Firm Says
Business

BYD Beats Tesla in Europe for the First Time With 169% Surge

May 22, 2025
Saudi Arabia Eyes $600 Billion Investment In Petrochemical Sector
Business

Oil Prices Fall More Than 1% on Potential Further Increase to OPEC+ Output

May 22, 2025
Pakistan Witness 10% Increase In Companies Registration
Business

SECP Warns Against Online Investment Platforms Including Interactive Broker

May 22, 2025
Fair Global Consult Fair Global Consult Fair Global Consult
ADVERTISEMENT

Recent News

BYD’s Supply Chain Financing Masks Ballooning Debt, Research Firm Says

BYD Beats Tesla in Europe for the First Time With 169% Surge

May 22, 2025
Saudi Arabia Eyes $600 Billion Investment In Petrochemical Sector

Oil Prices Fall More Than 1% on Potential Further Increase to OPEC+ Output

May 22, 2025
Pakistan Witness 10% Increase In Companies Registration

SECP Warns Against Online Investment Platforms Including Interactive Broker

May 22, 2025
Bitcoin

Bitcoin Rally Takes Largest Token Past $111,000 for First Time

May 22, 2025
US Carbon Emissions To Decline Due To Shift In Power Generation Sources

Pakistan Lower House Passes Off the Grid Captive Power Plants Levy Bill

May 22, 2025

Popular News

  • NSS

    President Prohibit National Savings For Changing Rates on Existing Certificates Retrospectively

    0 shares
    Share 0 Tweet 0
  • Pakistan Rupee Appreciate against Dollar in Interbank as IMF Confirmed Board Review Date

    0 shares
    Share 0 Tweet 0
  • Pakistan Rupee Fall After 13 Days of Successive Gains against Dollar on Lower Remittances and Strengthening of US Dollar

    0 shares
    Share 0 Tweet 0
  • Petrol Prices in Pakistan to Return to July 2023 Levels

    0 shares
    Share 0 Tweet 0
  • Pakistan Central Bank Issued Show Cause Notice to Eight Banks Over Currency Speculation

    0 shares
    Share 0 Tweet 0

Categories

  • Budget
  • Business
  • Culture
  • Finance
  • International
  • National
  • News
  • Politics
  • PTI
  • Sports
  • Technology
AUGAF Logo

Follow us on social media:

Recent News

  • BYD Beats Tesla in Europe for the First Time With 169% Surge
  • Oil Prices Fall More Than 1% on Potential Further Increase to OPEC+ Output
  • SECP Warns Against Online Investment Platforms Including Interactive Broker

Category

  • Budget
  • Business
  • Culture
  • Finance
  • International
  • National
  • News
  • Politics
  • PTI
  • Sports
  • Technology

Recent News

BYD’s Supply Chain Financing Masks Ballooning Debt, Research Firm Says

BYD Beats Tesla in Europe for the First Time With 169% Surge

May 22, 2025
Saudi Arabia Eyes $600 Billion Investment In Petrochemical Sector

Oil Prices Fall More Than 1% on Potential Further Increase to OPEC+ Output

May 22, 2025
  • Home
  • Politics
  • News
  • Business
  • National
  • Finance
  • Technology
  • International

© 2021 AUGAF.

No Result
View All Result
  • Home
  • Politics
  • Business
  • National
  • News
  • Finance
  • Technology
  • Sports
  • International
  • Commodities
  • Contact

© 2021 AUGAF.