Ulker Biskuvi stock faces tougher margin and revenue outlook

Published on 10/31/2026 at 00:39 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Ulker Biskuvi stock faces a more cautious outlook as revenue and margins weaken. Simply Wall St kept its fair value unchanged despite higher risk assumptions.

What is changing for investors

Ülker Bisküvi faces weaker revenue trends and margin pressure despite volume growth.
Simply Wall St says its fair value remains unchanged while valuation assumptions have become more cautious.
The next quarterly results are scheduled for November 6, 2026.

Ulker Biskuvi, TRAULKER91D8, Illustration mit AI erstellt.

Ülker Bisküvi faces a more cautious investment backdrop after a Simply Wall St analysis updated on October 12 linked weaker 2026 guidance to pressure on revenue and margins. The analysis does not change its central fair-value view, but it highlights greater execution risk for the Turkish biscuit maker.

Margin pressure changes the case

Simply Wall St said second-quarter 2026 revenue, adjusted for IAS 29, fell 11.4 percent year over year while volume increased 1.3 percent. It attributed the weaker sales contribution to heavier promotions and a less favorable product mix.

The analysis also pointed to a 7.2 percent decline in consolidated revenue. First-half gross margin stood at 26.5 percent and net income at 3.1 billion Turkish lira, keeping attention on whether procurement, supply-chain and artificial-intelligence initiatives can support profitability.

Valuation assumptions turn cautious

Simply Wall St kept its fair value at 150 Turkish lira. At the same time, its discount rate rose from 31.89 percent to 32.39 percent, while the future price-to-earnings assumption declined from 6.61 times to 6.37 times. The changes point to a higher required return and a more cautious earnings multiple, rather than a revision to the central fair-value estimate.

Ülker Bisküvi stock traded at 74.30 Turkish lira on Borsa Istanbul at 5:09 p.m. CEST on Friday, October 30, 2026. The next quarterly results are scheduled for November 6, 2026.

For the underlying analysis, read the Simply Wall St analysis.