Karachi: Quice Food Industries Limited has reported improved financial results for the nine-month period ended March 31, 2026, supported by robust revenue growth despite rising operating expenses and levy charges. The company’s Board of Directors approved the third quarterly accounts at its meeting held on April 28, 2026. The board did not recommend any cash dividend, bonus shares, right shares, or any other corporate action.
According to the company’s financial statements, net sales for the nine-month period climbed to Rs1.365 billion, marking a significant increase from Rs832.90 million recorded during the corresponding period last year. Higher sales helped lift gross profit to Rs245.69 million, compared with Rs149.43 million a year earlier.
Despite the strong top-line performance, Quice faced increased distribution and administrative expenses, which weighed on operating profitability. Operating profit stood at Rs27.75 million, up from Rs19.48 million in the same period last year. Finance costs remained minimal, allowing the company to post a profit before levy and taxation of Rs28.54 million, compared with Rs21.28 million in the corresponding period of 2025.
After accounting for levy charges, the company reported a profit after levy and taxation of Rs11.96 million, reflecting a notable improvement from Rs7.72 million earned in the same period last year. Earnings per share (EPS) increased to Rs0.12, compared with Rs0.08 a year earlier.
For the third quarter alone, Quice Food Industries generated sales of Rs421.61 million, while quarterly net profit stood at Rs5.32 million, translating into an EPS of Rs0.05. Although quarterly earnings declined from the corresponding quarter last year, the company’s cumulative nine-month performance remained stronger due to sustained sales growth.
The company’s balance sheet also reflected expansion in business activity. Total assets increased to approximately Rs1.96 billion as of March 31, 2026, compared with Rs1.70 billion at the end of June 2025, driven mainly by higher inventories and trade receivables. Shareholders’ equity improved to Rs467.51 million, while total liabilities rose alongside the increase in working capital requirements.
Quice Food Industries’ latest financial performance highlights continued revenue growth and improved profitability over the nine-month period, although higher operating expenses and statutory levies continued to impact overall earnings. The company’s focus on expanding sales while managing costs will remain key to sustaining profit growth in the coming quarters.
