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AKD Securities Limited – AKD Daily (06-10-2021)

Karachi, October 06, 2021 (PPI-OT): Pakistan Food: Pakistan Listed Food Manufacturers’ Conference

AKD Securities Ltd. organized Pakistan listed Food Manufacturers’ Conference where some of leading local food manufacturers, namely PREMA, BNL, TOMCL, UNITY and NATF participated and shed light on industry’s and their company’s outlook over medium and long term.

The managements of all the companies showed concern over rising prices of global commodities and its likely impact on local market. In past, the local food manufacturers have raised their prices in line with food inflation and expect to increase their prices by 8-10% in FY22 to pass on the rising costs to consumers.

The companies showed optimism regarding their expansion plans in the local market (PREMA, BNL, UNITY) as well in international markets (TOMCL, NATF).

Competition from unregistered manufacturers and counterfeit products remains a key challenge for all the registered companies. Nevertheless, the companies seem confident about their outlook and future potential as exhibited by double digit growth in topline by PREMA (+41%YoY), BNL (+22%YoY), TOMCL (+21%YoY), NATF (+20%YoY) whereas UNITY has depicted a whopping growth of 134%YoY in 9MFY21.

akd-securities-limited-akd-daily-06-10-2021

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