i-Tail Corporation Public Company Limited (ITC), a prominent global leader in the pet food industry, has announced its strongest first-quarter performance since its initial public offering (IPO). The company achieved total sales of USD 163 million, marking a 28.6% year-on-year increase, driven by robust demand from major markets in the United States and Europe. In Thai Baht terms, sales reached THB 5.17 billion, an increase of 21.8%.
The company’s operating profit climbed to THB 762 million, representing a 36.0% increase compared to the previous year. This growth was primarily fueled by higher sales volumes and value, paired with disciplined cost management. Furthermore, the adjusted net profit (excluding transformation costs) reached THB 991 million, reflecting a growth of 24.9%.
Roy Chan, Chief Executive Officer of i-Tail said, this record-breaking performance underscores the consistent execution of the company’s strategy, efficiency improvements, and strong commercial delivery. He noted that despite a volatile global trade environment, customers continue to trust i-Tail’s innovation, sustainability record, and global production capabilities.
Premiumization and Pet Treats Drive Margins
Gross profit for the quarter rose to THB 1.26 billion (up 23.1%), with a gross profit margin of 24.3%. This result reflects a strategic shift toward premium products, which now account for 51.5% of total sales.
- Pet Treats: This category remains a vital growth engine, contributing 20.8% of total sales.
- Exponential Growth: The segment grew by 95.0% year-on-year, propelled by the “premiumization” trend and the rising popularity of lickable treat formats.
Regional Performance and Market Recovery
All geographical regions recorded growth during the first quarter of 2026:
- The Americas: Remained the largest market at 60.0% of total sales, fueled by global pet food brands and private labels.
- Europe: Saw a significant recovery with 49.2% growth, contributing 15.0% of sales.
- Asia and Oceania: Accounted for 25.0% of sales, led by demand in Japan, Taiwan, and Australia.
Roy Chan added that the strong results were supported by healthy demand and close collaboration with customers to balance ordering profiles. While the conflict in the Middle East did not have a material impact in Q1, the company is proactively implementing mitigation measures to manage potential indirect effects.
For the remainder of 2026, ITC maintains its full-year guidance:
- Sales Growth (USD): 9–12%
- Gross Profit Margin: 23–25%
- SG&A to Sales: 9–10%
Chevron Thailand sweeps four major sustainability honors at Global CSR & ESG Summit 2026
True and OYMotion launch ‘Neuro AI to revolutionize stroke recovery and physical therapy
