Edita Food Industries S.A.E. (EFID.CA), one of Egypt’s leading packaged snack producers, reported a strong second quarter with net profit surging 72.1% year-on-year to EGP 539 million. Revenues reached a record EGP 5 billion, up 22.2%, driven by a notable volume recovery in key segments.
Cake, bakery, and rusks led the performance with volume growth of 7.8%, 47.6%, and 34.5% respectively, while net export sales climbed 47.7% to EGP 451 million. Edita Morocco posted 44.3% growth, supported by broader market coverage, and preparations are underway to launch bakery operations in Iraq by year-end following the relocation of a production line to Baghdad.
Chairman Hani Berzi credited portfolio optimization and a rebound in consumer demand for the improved margins, adding that the company will continue to expand capacity and invest strategically in high-growth markets.
