Fraser & Neave Holdings Bhd (F&N) is weighing targeted price adjustments in Malaysia and Thailand if costs rise further, Chief Executive Officer Tarang Gupta said at a Nov. 6 results briefing.
The 3% to 4% figure discussed around the briefing referred to earlier adjustments. The accounts differed on scope and timing: The Edge described earlier changes as an average across F&N’s portfolio in recent quarters; Bernama’s account covered selected products in the two markets during a 12-to-15-month period.
Gupta said any further changes would take account of customer response and would not apply uniformly, Bernama and The Edge reported. Bernama said canned milk sold to business customers was particularly sensitive to price changes because those buyers also need to protect their margins. The Edge reported that Chief Financial Officer Tiong Yean Yau said cost efficiency remained a priority before price changes.
F&N’s unaudited results for the financial year ended Sept. 30, 2026, showed revenue fell 5.3% to RM4,923.790 million from RM5,196.615 million. Profit attributable to owners declined 14% to RM437.092 million from RM508.467 million.
The company attributed lower operating profit to spending on strategic investments, weaker Indochina performance amid disruptions to Cambodian sales, and unfavorable foreign-exchange translation. It said sales volumes were broadly stable.
F&N’s FY2027 outlook cited higher input costs and a competitive consumer environment. The company’s priorities include improving productivity and efficiency at F&N AgriValley and increasing production at its Cambodian operations, where local manufacturing began in October 2026.
