Lahore, Fauji Foods Ltd (FFL) has set an ambitious target to reach a top-line of Rs100 billion by 2028, following a significant turnaround in its financial performance in CY23. The company reported record revenues, an increase in gross margins, and a positive bottom line for the first time in 11 years during its corporate analyst briefing.

According to JS Global, the briefing covered FFL's strategic achievements throughout CY23, including a 60% year-over-year increase in revenue and a 7 percentage point increase in gross margins, culminating in a net profit of Rs605 million. The management attributed this remarkable turnaround to several key factors, including volumetric expansion in high-margin products, aggressive price adjustments, an expanded distribution network, cost rationalization efforts, and the full repayment of its legacy debt totaling Rs8 billion.

Looking forward, FFL's management has outlined a comprehensive strategy to achieve its Rs100 billion revenue goal within the next five years. This strategy involves not only expanding its existing business operations but also leveraging group synergies through the targeted acquisition of other Fauji group food companies, specifically Fauji Cereals and Fauji Infraavest, which specializes in pasta production. These strategic moves are expected to significantly contribute to FFL's growth trajectory and help it reach its ambitious revenue target by 2028.