Thanks to continued strength core premium brands and deep retail relationships, Indonesia, the key market, posted the strongest growth with 20.5% followed by Malaysia and the Philippines.
Chee Zheng Feng of DBS Group Research has maintained his "hold" call and $1 target price on Delfi following the chocolate maker's 1QFY2026 update.
For the three months to March, Delfi reported 1QFY2026 net revenue of US$159 million, up 6.2% y-o-y, driven by strong growth in Delfi's proprietary brand segment, which was up 19.6%.
