Food Empire Holdings Limited has announced a robust start to FY2026, with a 16.9% increase in revenue, reaching US$159.7m for the first quarter ending 31 March 2026. This marks a record first-quarter performance, continuing a trend of five consecutive years of revenue growth.
The company’s Russia segment saw a remarkable 29.4% rise in revenue to US$51m, bolstered by increased sales volumes, effective marketing, and favourable currency conditions. Central Asia recorded the largest percentage increase, with revenue jumping 36.4% to US$30.7m, largely due to successful product launches and price adjustments in Kazakhstan and Uzbekistan.
Southeast Asia also contributed to the growth, with a 7.5% increase in revenue to US$43m, primarily driven by the Vietnam market. Meanwhile, the Europe segment, led by Ukraine, grew by 5.9% to US$12.6m, despite challenging conditions.
Group CEO Sudeep Nair expressed optimism about maintaining growth momentum throughout the year, highlighting the strategic geographical diversification and investments in brand building since FY2013. “Today, the combined revenue from Asia has surpassed our traditional markets,” he noted.
Looking forward, Food Empire anticipates positive contributions from its new coffee-mix manufacturing facility in Kazakhstan. The company is also expanding its manufacturing capabilities in India and Vietnam, with projects expected to complete by 2027 and 2028, respectively.
Additionally, Food Empire’s Board has approved a 1-for-5 bonus issue to enhance liquidity, aiming to attract institutional investors. The company continues to monitor macroeconomic and geopolitical challenges, including energy costs and supply chain disruptions.
