Nofoth Food Products Co

Nofoth Food Products Co, listed on the Saudi Exchange under ticker 2288, is a Saudi-based company operating in the consumer defensive sector as a grocery store chain. The company specializes in the retail sale of food and household products, offering a wide range of items including fresh produce, packaged goods, and other daily necessities. With a market capitalization of approximately 699 million SAR, Nofoth serves local communities through its network of retail outlets, focusing on providing quality products at competitive prices.

The company generates revenue primarily from in-store sales of groceries and household items. Its business model relies on efficient supply chain management, inventory turnover, and strategic sourcing to maintain margins. Revenue for the latest quarter (2026Q1) was 109.36 million SAR, with a net income of 14.32 million SAR. The company also earns from ancillary services such as loyalty programs and private-label products. Despite a slight year-over-year revenue decline of 4.32%, Nofoth maintains healthy gross margins of 62.15% and operating margins of 13.50%.

Nofoth operates in the highly competitive grocery retail industry in Saudi Arabia, facing competition from both local chains and international hypermarkets. Its positioning is as a mid-tier grocery retailer, emphasizing customer service and product quality. With a price-to-earnings ratio of 14.43 and an EV/EBITDA of 11.09, the company is valued modestly relative to peers. The grocery sector is characterized by thin margins and high volume, but Nofoth’s focus on operational efficiency has allowed it to maintain profitability, though earnings have declined 29.21% year-over-year.

The company’s primary customers are Saudi households and individuals seeking everyday food and household essentials. Its geographic market is concentrated within Saudi Arabia, likely in urban and suburban areas. Nofoth targets a broad demographic, from budget-conscious shoppers to those seeking convenience. With a dividend yield of 2.85%, it appeals to income-focused investors. The company’s low debt-to-equity ratio (debt of 54.17 million SAR vs. cash of 17.22 million SAR) indicates a conservative financial structure.

An auto-generated descriptive profile based on company data, for informational purposes only.