From FY2021 to FY2025, Food Empire’s revenue has grown at a compound annual growth rate (CAGR) of 15.9%, and has done so through sanctions, foreign exchange (forex) shocks, as well as a global cost cycle, all while entering the premium soluble coffee market via MacCoffee Gold, he adds.
Analyst Mahir Murtaza has initiated an “outperform” call on Mainboard-listed Food Empire Holdings with a target price of $3.60.
“Food Empire is misread: the market is still pricing it as a Russia-exposed 3-in-1 sachet business, not the emerging-market coffee platform it has quietly become,” he writes in his July 6 report.
