i-Tail Corporation Public Company Limited, or ITC, has raised its 2026 sales growth target to 17–20% in US dollar terms, following a stronger-than-market first-half performance. The company has set aside a capital expenditure budget of 1 billion baht to expand production capacity, automation, and smart warehousing, supporting robust global pet food demand. ITC maintains its gross margin target at 23–25% and expects selling and administrative expenses as a percentage of sales revenue at 9–10%, with organizational transformation costs accounting for 2.4–2.6% of SG&A to sales revenue. Regarding the 12.5% US import tariff, the impact is assessed as limited, as most sales are on a FOB basis and the previous 19% import duty refund has been almost fully recovered in the second quarter. The outlook for the second half is positive as the company enters the high season, with third- and fourth-quarter operating results expected to grow continuously both quarter-on-quarter and year-on-year, under assumptions of an average exchange rate of 32.50 baht per US dollar and an effective tax rate for the ITC group under BEPS 2.0 of approximately 5–7% in 2026.
i-Tail Corp. PCLRaises 2026 sales growth target to 17-20% on robust global pet food demand, with 1 billion baht capex for capacity expansion.