KCG Corporation Public Company Limited (KCG) delivered an impressive performance in Q2/2024, reporting a net profit of 94.5 million baht, soaring 86.3%, with total sales of 1,688.9 million baht, up 8.2% from the same period last year. Despite it being the industry’s low season, Chief Executive Officer and Managing Director Mr. Damrongchai Vipawatanakul reaffirmed investor confidence, noting that KCG achieved revenue growth across all product portfolios. KCG continues to dominate the dairy segment, holding a 55.0% market share in butter and 31.6% in cheese. He also announced that all six buildings of KCG Logistics Park—the Company’s distribution center and warehouse complex—are now fully operational. The facility is set to significantly boost business capacity and improve operational efficiency. Underscoring its commitment to sustainable growth, KCG has been selected as one of the ESG Emerging Investment Securities for 2024, earning a place on the ESG100 list by the Thaipat Institute for the first time.
Mr. Damrongchai Vipawatanakul, Chief Executive Officer and Managing Director of KCG Corporation Public Company Limited (KCG) — a leading western culinary provider for modern lifestyle reported continued growth in Q2 2024 operating results. Total sales reached 1,688.9 million baht, marking an 8.2% year-on-year increase, while net profit surged 86.3% to 94.5 million baht. By category, dairy products generated 1,022.6 million baht, accounting for 60.6% of total sales. Food and bakery ingredients contributed 486.7 million baht, representing 28.8%, while biscuit sales totaled 179.6 million baht, or 10.6%. In terms of distribution channels, business-to-business (B2B) sales amounted to 731.1 million baht, representing 43.3% of total revenue. Business-to-consumer (B2C) sales accounted for 863.8 million baht, or 51.1%, while export sales contributed 94.0 million baht, making up 5.6%.
“In the second quarter of this year, despite being a traditional low season, coupled with global geopolitical tensions and a potential slowdown in global trade, KCG still recorded an 8.2% sales increase, outpacing the 4.5% growth seen in Q1 2024. Revenue expanded across all portfolios. We maintained our position as the number one seller in the dairy segment and ranked among the top five in both the food and bakery and biscuits segments. This growth, which runs counter to broader market trends, is the result of our ongoing execution of a seven-pronged development strategy. We’ve achieved strong sales both domestically and internationally by enhancing production efficiency, upgrading machinery, optimizing production capacity, rationalizing SKU, and consistently innovating to align with the lifestyles of modern consumers. These efforts led to a standout Q2 performance, particularly in profit, which jumped by 86.3%,” said Mr. Damrongchai.
In Q3 2024, alongside its ongoing strategic execution, KCG has also fully activated all 6 buildings of the KCG Logistics Park, resulting in the capability to temperately store the company's products which requires specific temperatures to maximize their longevity and quality. Since the opening of all 6 facilities, KCG is now processed with the capability to produce ambient, air-conditioned, chilled, and frozen storage.
Leveraging advanced warehouse management technology, the logistics park is designed to boost operational efficiency, lower inventory management costs, and significantly reduce reliance on external warehouse rentals. This development aligns with KCG’s plan to expand its butter production line through a partnership with five key collaborators. KCG will invest over 200 million baht to scale up production capacity, strengthen operational capabilities, and introduce new innovations that support sustainable growth and rising consumer demand.
In addition, KCG integrates environmental, social, and governance (ESG) principles into its business operations and has been recognized by the Thaipat Institute as one of the ESG Emerging Investment Securities for 2024. This recognition marks its first inclusion in the ESG100 list, further reinforcing its position as a leading provider of Western food products for modern lifestyles from Thailand.