Earnings Report /
Saudi Arabia

Almarai: Q2 22 earnings call summary

  • Revenues increased by 15.1% yoy (+2.4% qoq) to SAR4.61bn in Q2 22, driven by a 42% yoy growth in bakery products

  • Gross margin declining to 31.9% vs 33.8% in Q2 21 due to higher feed prices and commodity costs

  • Almarai is focused to retain profitability margins in 2022, but will not be opportunistic behavior

SNB Capital
20 July 2022
Published bySNB Capital


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