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4 articles.
Company · DSE:RDFOOD · FMCG, food & tobacco · Analysis · 29 Oct 2026
Rangpur Dairy & Food Products: revenue up 104% in five years, finance cost up 392%, EPS down to BDT 0.54
Revenue rose from BDT 611m (FY2020) to BDT 1244m (FY2025) and financial expenses from BDT 14.6m to BDT 71.9m; EPS fell from BDT 1.38 (FY2023) to BDT 0.61 (FY2025) and BDT 0.54 (FY2026, DSE-announced). The FY2025 audit opinion is qualified. The shares closed at BDT 20.8 on 29-Oct-2026, 38.5x FY2026 EPS and 1.20x June 2026 NAV.
Company · DSE:GHAIL · FMCG, food & tobacco · Analysis · 29 Oct 2026
Golden Harvest Agro: a frozen-food maker with a 42% gross margin, a loss at the bottom line from ice-cream associate losses and BDT 224m of finance cost
FY2025 revenue was BDT 858m and profit from operations BDT 191m, but finance expenses of BDT 224m and a BDT 157m share of associate losses left a loss of BDT 0.24 a share; the FY2026 loss announced on 28-Oct-2026 is BDT 0.57 a share. Borrowings reached 0.96x equity and the audit opinion is qualified.
Company · DSE:LOVELLO · FMCG, food & tobacco · Analysis · 29 Oct 2026
Lovello: ice-cream sales up 43% in nine months, on a restated balance sheet that now carries BDT 2.3bn of borrowings
Net sales rose to BDT 1,151m in FY2025 and BDT 1,423m in 9M FY2026 at a steady ~42% gross margin, but the FY2025 audit is qualified, June 2024 loans were restated from BDT 953m to BDT 1,764m, and BDT 229m of bank interest sits in 'advances' rather than in the income statement.
Company · DSE:FINEFOODS · FMCG, food & tobacco · Analysis · 29 Oct 2026
Fine Foods: a fish-fingerling farm whose profit rose from BDT 0.9m to BDT 165m in three years under three qualified audits
Revenue grew from BDT 61.6m (FY2023) to BDT 118.9m (FY2025) while cost of goods sold fell, lifting gross margin from 9.1% to 64.1% and 94.2% in 9M FY2026; the auditor could not verify almost-all-cash sales, and the stock trades at 37.2x FY2026 EPS and 17.4x book.