Thai Beverage Reports Modest Revenue Growth Amid Sector Challenges

Thai Beverage Public Co ( (TBVPF) ) has released its Q1 earnings. Here is a breakdown of the information Thai Beverage Public Co presented to its investors.

Thai Beverage Public Company Limited (ThaiBev) is a leading beverage company in Thailand, primarily engaged in the production and distribution of spirits, beer, and non-alcoholic beverages, with a growing presence in the food sector.

In its latest earnings report for the first quarter ended December 31, 2024, ThaiBev announced a 2.4% year-on-year increase in sales revenue, driven by strong performances in its beer and non-alcoholic beverage segments. The company highlighted significant growth in EBITDA for these segments, despite challenges in its spirits and food businesses.

The beer segment saw an 8.0% rise in sales revenue, supported by an 11.8% increase in sales volume, leading to a 16.6% boost in EBITDA. The non-alcoholic beverages segment also performed well, with a 7.2% increase in sales revenue and a 15.6% rise in EBITDA, attributed to improved production efficiency. However, the spirits segment faced a 4.8% decline in sales revenue due to higher raw material costs and increased marketing expenses.

The food business experienced a modest 2.2% increase in sales revenue, although its EBITDA declined by 6.6% due to rising costs. The company’s ‘Others’ segment, including publishing and printing, reported a decrease in sales revenue and EBITDA, reflecting lower licensing income.

Looking ahead, ThaiBev remains focused on strategic brand investments and operational efficiencies to navigate the challenges in its spirits and food segments while capitalizing on the growth opportunities in its beer and non-alcoholic beverage businesses.