KCG reported its Q3/2024 financial results with a net profit of 76.7 million baht, a 38.7% increase, and total sales of 1,752.6 million baht, up by 4.3% compared to the same period last year, retaining its No. 1 market share in butter and cheese products. This success boosts confidence as the Company enters Q4, ready for the celebratory season, securing its position as the top choice for consumers during festive season while strengthening confidence from the Company’s sustainability practices.
Mr. Damrongchai Vipawatanakul, Chief Executive Officer and Managing Director of KCG Corporation Public Company Limited (KCG), a leader in food products for modern lifestyles, revealed that the Company’s performance in Q3/2024 showed continued growth. KCG achieved total sales of 1,752.6 million baht, a 4.3% increase, with a net profit of 76.7 million baht, up 38.7% compared to the same period last year. Sales came from Dairy products of 1,063.4 million baht, accounting for 60.7%, Foods & Bakery Ingredients (FBI) of 507.8 million baht, accounting for 29.0%, and biscuits of 181.4 million baht, accounting for 10.3%. Sales by channel came from B2B of 763.3 million baht, accounting for 43.5%, B2C of 921.2 million baht, accounting for 52.6%, and export sales of 68.1 million baht, accounting for 3.9%. KCG's strategy focuses on its 7 business pillars, including innovation and new product development that respond to the modern lifestyle of consumers, production efficiency, and continuous cost management, contributing to the impressive results in Q3.
(Mr. Damrongchai Vipawatanakul, Chief Executive Officer and Managing Director of KCG Corporation Public Company Limited)
"As we are entering Q4, the peak sales season for KCG, we have increased production volume and distribution to meet the expected surge in demand during the New Year celebrations and increased consumer spending from tourism, hotels, restaurants, and catering (HORECA) businesses. We are confident that our performance in Q4 and 2024 will achieve our goals," said Mr. Damrongchai.
"KCG also prioritizes environmental, social, and governance (ESG) considerations in its operations. This year, in addition to being selected by ThaiPat Institute as one of the securities in the ESG Emerging List 2024 that entered the ESG100 universe for the first time, KCG has continuously achieved sustainability success. The Company received the Investors’ Choice Award 2024 with a perfect score of 100 and earned a 5-star or ‘Excellent’ CGR rating in its first year after listing on the Stock Exchange of Thailand. This reaffirms KCG's position as a leading Thai company in food products for modern lifestyles. KCG is also committed to driving business with innovation and sustainability, adhering to its 7 Business Pillars strategy, to create products and innovations that meet the needs of the new generation of consumers, while delivering lasting value to society and the environment," Mr. Damrongchai concluded.