Lotte Wellfood Q1 operating profit more than doubles on overseas growth

by Kim Dong-young Posted : May 8, 2026, 16:00Updated : May 8, 2026, 16:00
Lotte Wellfood headquarters in Seoul Courtesy of Lotte Wellfood
Lotte Wellfood headquarters in Seoul/ Courtesy of Lotte Wellfood
 
SEOUL, May 08 (AJP) - South Korean confectionery maker Lotte Wellfood announced that its first-quarter operating profit more than doubled from a year earlier, lifted by brisk sales in India and Kazakhstan that helped offset sluggish domestic demand.

According to regulatory filings released Friday, operating profit jumped 118.4 percent to 35.8 billion won ($24.3 million) on a consolidated basis. Revenue rose 5.4 percent to 1.03 trillion won, while net profit slipped 26.6 percent to 16.7 billion won.

Overseas subsidiaries logged 270.5 billion won in sales, up 18 percent year-on-year. The Indian unit benefited from broader distribution channels following a corporate merger and stronger sales of flagship products, while the Kazakh business rode a wave of resilient domestic consumption and exports.

Exports climbed 8 percent to 66 billion won as the company expanded its customer base in the United States and China. Combined overseas revenue accounted for about 32 percent of total sales, deepening the maker of Pepero and World Cone's pivot beyond a saturated home market.

Lotte Wellfood said it had also tightened cost discipline by streamlining low-margin products and sales channels and improving logistics and procurement efficiency.

"We will accelerate the global expansion of our core brands and strengthen peak-season marketing to sustain the momentum in profitability," a company official said, flagging headwinds from raw material price swings and currency volatility tied to the Middle East war.

Share of Lotte Wellfood closed at 127,300 won, 6.53 percent higher than the day before.