Baladna achieved substantial revenue growth of 11% and net profit growth of 118% for the nine months period ending September 30, 2024

Doha, Qatar:Baladna Q.P.S.C. the leading Dairy and Juice company in Qatar, announcedits interim results for the nine months period ending on 30 Septem...

Doha, Qatar: Baladna Q.P.S.C. the leading Dairy and Juice company in Qatar, announcedits interim results for the nine months period ending on 30 September 2024,achieving stronggrowth in both revenue and net profit. The Company’s performance highlights the success of its market-driven strategies and focus on operational excellence, positioning Baladna for sustained growth.

Key highlights

Baladna’s focus on delivering value through product innovation and operational improvements has driven strong results in the first nine months of 2024.The Company recorded revenue of QAR 859.0 million, up 11% YoY, supported by higher sales volumes across both HORECA and retail channels, and successful market share expansion in key product categories.Baladna’s market share increased during the period as a result of its targeted marketing campaigns and consumer-centric product offerings. New product launches continued to resonate with consumer preferences, contributing to this revenue growth.

Net profit reached QAR 141.0 million, marking a significant 118% improvement YoY. This increase was driven by enhanced operational efficiencies across the value chain and disciplined cost control measures, which helped to drive net profit margin improvement from 8% to 16%. Additionally, Baladna benefitted profit from international activities and reduction in finance costs through effective negotiations, further contributing to a robust bottom line.