Krungsri Securities Public Company Limited stated that TACC reported a record net profit for the second quarter of 2026 of 104 million baht, up 32 percent from a year earlier and 5 percent from the previous quarter. Revenue came in at 683 million baht, rising 18 percent year-on-year and 7 percent quarter-on-quarter, supported by hot weather, growth at 7-Eleven stores and Punthai Coffee, as well as the matcha green tea and Thai tea trend launched in mid-2025. Despite one-time expenses, the selling and administrative expense-to-revenue ratio fell to 12.9 percent, while the gross margin remained broadly stable at 31.9 percent. The research team expects second-half 2026 profit to still grow year-on-year but decline from the first half on seasonal factors, and forecasts full-year 2026 profit to increase 13 percent from the prior year. Key drivers include the onset of El Niño late in the third quarter of 2026, the opening of 700 new 7-Eleven branches per year and 800 new Punthai Coffee shops per year, as well as a new investment plan in a subsidiary worth 8 million baht in which TACC holds an 80 percent stake, and an associated company currently under contract. The research team has rolled forward its target price to 2027 at 7.4 baht, based on a price-to-earnings ratio of 11 times, and recommends a buy. A sentiment risk is share sales by management.
T.A.C. Consumer Public Company LimitedRecord Q2 net profit and broker buy recommendation with raised target price.
