Srinanaporn Marketing Public Company Limited manufactures and distributes snacks and beverages in Thailand, and also provides technical and administrative services. Its product lines include ready-to-drink jellies and carrageenan jelly products under the Jele, Daiyamoto, Cooly Kool, and Magic Farm brands; beverages such as grass jelly in syrup, coconut juice with coconut jelly, and vitamins water under the Magic Farm Fresh and Jele brands; and fruit juice mixed with coconut jelly under the Magic X brand. The company also offers baked squids, squid strips, and fish strips under the Bento brand; molded snacks and bread sticks under the Dok Bua and Lotus brands; wafer and biscuit products under the Chocky and Bakery House brands; and animal-based products under the Dok Bua brand. In addition, it engages in the real estate business, sells products online, and exports its products. Founded in 1972, the company is headquartered in Bangkok, Thailand.
Dao points to NEO, CBG, OSP as biggest beneficiaries of Thai Chai Thai Plus and new phase of state welfare card
Dao Securities said that following news the government will extend the Thai Chai Thai Plus measure and the state welfare card by another two months, its research team has a more positive view of Thai Chai Thai Plus and the new phase of the state welfare card, as the timeline has become clearer. The stocks benefiting most, based on their share of domestic revenue, are NEO with a target price of 31.00 baht, CBG with a target price of 67.00 baht, and OSP with a target price of 20.00 baht. In the food and beverage group, CBG derives 35% of total revenue from domestic branded own products. OSP derives 66% of total revenue from domestic beverages. SAPPE has a target price of 35.00 baht and derives 27% of total revenue from domestic sales, while SNNP has a target price of 8.00 baht and derives 79% of total revenue from domestic sales, split into 65% modern trade and 35% traditional trade. In the consumer goods group, NEO derives 92% of total revenue from domestic sales, and OSP derives about 12% of total revenue from domestic personal care.
Srinanaporn Marketing Public Company Limited, or SNNP, reported a normalised profit of 70 million baht for the second quarter of 2026, up 15.9 percent from the previous quarter but down 46.2 percent from a year earlier, and slightly below analyst estimates by 5.9 percent, due to higher-than-expected SG&A expenses and share of losses from associates. Total revenue came in at 1.317 billion baht, roughly in line with forecasts, comprising domestic revenue of 1.038 billion baht, which recovered 2.2 percent quarter-on-quarter on seasonal factors but fell 7.7 percent year-on-year due to weak purchasing power, and overseas revenue of 278 million baht, which grew both quarter-on-quarter and year-on-year thanks to distribution channel expansion in Vietnam. Gross margin stood at 26.8 percent, close to expectations, recovering from 26.2 percent in the previous quarter but down from 29.2 percent a year earlier, as higher raw material and packaging costs were felt for the full quarter. The company declared an interim dividend for the first half of 2026 of 0.16 baht per share, representing a yield of 2.3 percent, with the XD date on 24 August 2026 and payment on 8 September 2026. Analysts at Yuanta Securities noted that while profit was slightly below expectations, they maintain their 2026 normalised profit forecast at 361 million baht, down 30.3 percent year-on-year, and their 2027 forecast at 431 million baht, up 19.2 percent, while keeping their end-2027 target price at 9.00 baht and a buy recommendation, expecting earnings to continue recovering in the second half of 2026 driven by new product launches, recovering purchasing power, and lower marketing expenses.
SNNP Announces Interim Dividend of 0.16 Baht per Share
Srinanaporn Marketing Public Company Limited, or SNNP, has announced an interim cash dividend of 0.16 baht per share from its operating results for the period from January 1, 2026 to June 30, 2026. The board of directors approved the resolution on August 10, 2026. The record date for shareholders entitled to receive the dividend is set for August 25, 2026, with the XD date on August 24, 2026. The dividend will be paid to ordinary shareholders on September 8, 2026. The par value of the shares is 0.50 baht.
SNNP has passed its trough, second-half recovery, target 8 baht
Dao Securities says SNNP has passed the trough of its earnings in the first quarter of 2026, expecting third-quarter revenue to grow double digits quarter-on-quarter and gross margin to expand on better capacity utilisation and product mix. The company still targets flat or low single-digit decline in total 2026 revenue year-on-year, while overseas revenue grows high single digits, with Vietnam revenue expected at 19 million US dollars or 627 million baht, expanding 16 percent from a year earlier. The analyst maintains the 2026 net profit forecast at 399 million baht, down 23 percent year-on-year, and keeps a buy rating with a target price of 8.00 baht, based on a 2026 PER of 17.7 times.
SNNP reports second-quarter 2026 profit of 69.8 million baht, declares interim dividend of 0.16 baht per share
Srinanaporn Marketing Public Company Limited, or SNNP, reported a net profit attributable to the parent of 69.8 million baht for the second quarter of 2026, with total revenue of 1.33 billion baht, up 3.6 percent from the previous quarter, supported by continued sales growth of its core brands Jele and Bento. The board of directors approved an interim cash dividend of 0.16 baht per share, to be paid on 8 September 2026. Senior Deputy Managing Director Wiroj Wachiradechkul said that in the second half of the year, the company will accelerate new product launches and marketing campaigns, as well as collaborations with various brands, to expand its consumer base and drive strong full-year performance.
SNNP shows clear positive signals, profit has bottomed out, broker upgrades to buy with target of 9 baht
Srinanaporn Marketing Public Company Limited, or SNNP, is seeing a U-shaped profit recovery in the remainder of 2026. Yuanta Securities stated that normalized profit has already bottomed out in the first quarter of 2026 and expects normalized profit in the second quarter of 2026 at 74 million baht, up 23.2 percent from the previous quarter but down 42.8 percent from a year earlier, supported by projected revenue of 1.348 billion baht, growing 6.0 percent from the previous quarter due to seasonal factors and a continued recovery in Vietnam sales. Meanwhile, the second-half outlook still shows positive signals from both revenue and net profit margin, with normalized profit in the third quarter of 2026 expected to continue growing to 100 million baht and return to growth both quarter-on-quarter and year-on-year in the fourth quarter of 2026, driven by the high season and a low base last year. However, the broker cut its 2026 and 2027 normalized profit forecasts by 29.3 percent and 21.4 percent to 361 million baht and 431 million baht, respectively, to align with the current situation, while upgrading its recommendation to buy with a new fair value of 9.00 baht based on a PER of 20.0 times, reflecting the earnings trend that has passed its lowest point. The current share price offers an upside of 26.8 percent.
SNNP Partners with ALPINE SPORTS GROUP to Develop ALPINE BOOST Sports Jelly
Srinanaporn Marketing Public Company Limited, or SNNP, has joined forces with Rend Development Company Limited under ALPINE SPORTS GROUP to develop a Sport Jelly product under the ALPINE BOOST brand, catering to athletes and health enthusiasts. Ms. Kittiya Chaisathaporn, Deputy Managing Director of SNNP, revealed that this collaboration combines SNNP's expertise in jelly innovation with ALPINE SPORTS GROUP's sports and health knowledge. Teams from both organizations worked together to develop the product from concept, formulation, flavor, and texture. ALPINE BOOST offers an option for consumers looking to enhance exercise performance and reflects SNNP's commitment to driving Nutrition Innovation while expanding its product portfolio into the high-potential sports nutrition market.
SNNP passes its low point, broker upgrades to buy with target of 8 baht, expects profit recovery in Q2
Analysts at DAOL Securities Thailand have upgraded their recommendation on SNNP to buy, with a target price of 8 baht, stating that earnings have passed their lowest point in the first quarter of 2026 and will recover significantly from the second quarter of 2026 onward. Net profit for the second quarter of 2026 is expected at 74 million baht, down 43 percent from a year earlier but up 23 percent from the previous quarter, supported by seasonal expansion in Vietnam revenue and improved gross margins from production efficiency and a shift in product mix. For the full year 2026, the net profit estimate has been raised by 8 percent to 399 million baht, down 23 percent from the previous year, as domestic revenue declines 5 percent while Vietnam revenue is expected to grow 17 percent, and gross margin narrows to 27.5 percent due to higher raw material and energy costs. In addition, SNNP has launched a new product, Jele Chewy x Kamu Kamu, a fruit tea jelly developed in collaboration with the tea brand Kamu Kamu, aiming to expand its customer base among Gen Z. The Jele product group accounts for 35 percent of total revenue.
SNNP and Kamu Kamu Launch Jele Chewy to Expand Gen Z Base
SNNP has partnered with Kamu Kamu to launch a new product, Jele Chewy x Kamu Kamu, aiming to broaden its consumer base among Gen Z and refresh the brand image. Mr. Viroj Vachiradetkul, Senior Deputy Managing Director of SNNP, said the collaboration combines Jele's strength as the jelly market leader with Kamu Kamu's unique identity. Mr. Tinnakrit Sintattasophon, Chief Executive Officer of Kamu Kamu, noted that the partnership lets consumers enjoy Kamu Kamu flavors in a convenient jelly format and opens doors to new customer segments through Jele's strong distribution. The product comes in two flavors: Assam tea jelly with brown sugar konjac in strawberry flavor, and Camellia tea jelly with brown sugar konjac in lychee flavor. Each 150-gram pack is priced at 15 baht and is available at 7-Eleven, Lotus's, and Makro nationwide.
SNNP expects second-quarter profit recovery, driven by domestic and Vietnam sales
Sri Nanaporn Marketing Public Company Limited, or SNNP, is expected to see a recovery in its second-quarter 2026 performance compared to the previous quarter, supported by domestic sales that began to recover in April and continued into May following marketing strategy adjustments. Gross profit margin is expected to remain stable at 26% due to the company's economy of scale. Capital expenditure is projected at approximately 100 million baht for machinery renovation and production capacity enhancement. The company maintains a positive outlook on the Vietnam market. The average target price is 7.50 baht.
Thailand