{"id":185868,"date":"2026-04-30T08:22:16","date_gmt":"2026-04-30T01:22:16","guid":{"rendered":"https:\/\/www.thestorythailand.com\/?p=185868"},"modified":"2026-04-30T08:22:18","modified_gmt":"2026-04-30T01:22:18","slug":"itc-reports-q12026","status":"publish","type":"post","link":"https:\/\/www.thestorythailand.com\/en\/itc-reports-q12026\/","title":{"rendered":"ITC reports record Q1 2026 results: USD 163 million in sales and 28.6% growth post-IPO"},"content":{"rendered":"\n

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%.<\/p>\n\n\n\n

The company\u2019s 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%.<\/p>\n\n\n\n

Roy Chan, Chief Executive Officer of i-Tail<\/strong> said, this record-breaking performance underscores the consistent execution of the company\u2019s strategy, efficiency improvements, and strong commercial delivery. He noted that despite a volatile global trade environment, customers continue to trust i-Tail\u2019s innovation, sustainability record, and global production capabilities.<\/p>\n\n\n\n

Premiumization and Pet Treats Drive Margins<\/h3>\n\n\n\n

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.<\/p>\n\n\n\n