QUICE 1QFY27 slips into red with Rs1m loss

Quice Food Industries reported a net loss of Rs1m for the three months ended September 30, 2026, compared with a net profit of Rs3.54m a year earlier, Mettis Global reported. Loss per share was Rs0.010, against earnings per share of Rs0.036 in the corresponding period.

Net sales declined 17% to Rs352.27m, while gross profit fell 23% to Rs63.52m and the gross margin narrowed to 18.03% from 19.43%. Although distribution costs were reduced 24% and total operating expenses fell 19%, operating profit dropped 62% to Rs2.97m. Levies of Rs4.27m exceeded operating profit, resulting in the net loss.

The company said it plans to manage margins and overheads, grow exports and focus on higher-margin, value-added products. Its outlook also identifies near-term inflation, international oil prices and Middle East conflicts as risks to fuel costs, freight and supply chains.