Karachi, Ismail Industries Limited has experienced significant financial growth, recording a year-on-year revenue increase to approximately PKR 99 billion in FY23, from PKR 65 billion in FY22, driven by strong export sales and the expansion of its product lines.

According to The Pakistan Credit Rating Agency Limited, the company's diversified portfolio, including well-known brands such as Candyland, Bisconni, and Snackcity, contributed to its substantial profits of PKR 6 billion in FY23, a notable rise from PKR 2 billion in the previous year.

The company's success is largely attributed to its strategic international projects and robust export sales, which surged to PKR 40 billion in FY23 from PKR 15 billion in FY22. Ismail Industries has also made significant investments in subsidiaries and associates, holding major stakes in Hudson Pharma and Ismail Resin, among others. The sector's growth is further fueled by demographic factors, with a youthful population and rising disposable incomes increasing demand for food products, particularly in segments like Biscuits and Crackers, Snacks/Chips, and Confectionery.

Despite challenges such as inflation and currency devaluation, the company has managed to improve its net profit margin to approximately 7% in FY23. The introduction of new product lines like Ghiza Flour has also enhanced the company’s profile and profitability. Ismail Industries plans to further adjust its borrowing mix by issuing a short-term PPSTS of PKR 6 billion, adding to an existing PPSTS of PKR 4 billion, which is expected to impact the company's leveraging position, currently at around 71%.