F&N considers 3% to 4% price rises for selected products

Fraser & Neave Holdings Bhd (F&N) is weighing price rises of 3% to 4% on some products in Malaysia and Thailand amid higher costs for commodities and raw materials, chief executive Tarang Gupta said.

Gupta told a fiscal 2026 results briefing in Kuala Lumpur that sugar, tin and energy were becoming more expensive, Bernama reported. The range under consideration roughly matches the average increases introduced for selected brands across the two markets during the preceding 12 to 15 months.

There are no plans to increase prices across the entire product range. Gupta said decisions would depend on an assessment of how demand for individual products responds to price changes. Business customers purchasing items such as canned milk are more sensitive to pricing because they must balance taste and brand requirements with their own margins, he said.

Chief financial officer Tiong Yean Yau said the group would prioritise improving cost efficiency before making price adjustments, The Edge Malaysia reported.

For its fiscal year ended Sept. 30, 2026, F&N recorded RM437.09 million in net profit, a 14% annual decline. Revenue was RM4.92 billion, down 5.3%. It attributed the falls primarily to challenges in Indochina and higher startup costs for strategic investments.

Currency fluctuations also affected performance, Gupta said. Ringgit weakness increases import costs, while raising the ringgit value of earnings from Thailand and Cambodia.