Suntory Beverage & Food Grows Revenue but Faces Margin Pressure in Q1 2026

Suntory Beverage & Food ( (JP:2587) ) has shared an update.

Suntory Beverage & Food reported consolidated revenue of ¥406.9 billion for the three months ended March 31, 2026, up 11.2% year on year, driven by higher sales across its beverage portfolio. Gross profit rose 7.3% to ¥148.8 billion, though the gross margin eased to 36.6% from 37.9% as cost pressures partially offset top-line growth.

Selling, general and administrative expenses increased 9.1% to ¥120.4 billion, but the ratio to revenue improved slightly, indicating some operating leverage as sales expanded. Operating income was essentially flat at ¥27.2 billion, with the margin slipping to 6.7%, highlighting that stronger revenue has yet to translate into higher profitability.

Profit before tax edged up 1.1% to ¥27.0 billion, while profit for the period dipped 1.2% to ¥20.1 billion as tax expenses and non-controlling interests absorbed more of the earnings. Profit attributable to owners of the company declined 3.2% to ¥14.9 billion, suggesting that while the business is growing, shareholders saw modest pressure on net returns in the quarter.

The most recent analyst rating on (JP:2587) stock is a Buy with a Yen5500.00 price target. To see the full list of analyst forecasts on Suntory Beverage & Food stock, see the JP:2587 Stock Forecast page.

More about Suntory Beverage & Food

Suntory Beverage & Food Limited is a global beverage company focused on soft drinks and other non-alcoholic beverages. It operates across multiple regions, offering ready-to-drink products and related brands, and competes in international markets where scale, cost control, and brand strength are key to its positioning.

Average Trading Volume: 803,135

Technical Sentiment Signal: Hold

Current Market Cap: Yen1370.1B

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