MCH_Flash note 08.05.2026

2026 Business Results:

In Q1 2026, MCH recorded revenue of VND 8,472 billion (+13.1% yoy), after-tax profit of VND 1,800 billion (+11.5% yoy) with a stable gross profit margin of 46.7%. In Q2 2026, the company expects revenue growth of 20-30% yoy.

2026 plan:

In the base scenario, MCH aims for 2026 revenue of VND 33,800 billion (+11%), after-tax profit of VND 7,450 billion (+10% yoy) with a gross profit margin of approximately 45%. With prospects stemming from (1) the retail supreme model increasing the number of sales points, (2) market share growth, and (3) the development of premium product lines, we expect MCH to achieve Revenue/Profit growth of over 15% in 2026.

Market Share Growth / Market Expansion:

MCH is accelerating its market share expansion strategy in most key product categories, aiming to increase its average share from 15% to 20–40%. Additionally, within the next 10 years, the company plans to expand into 5–7 international markets – establishing overseas distribution systems, supply chains, and retail models. The domestic market will continue to play a core role, contributing approximately 70–80% to overall growth.