Worawat Chinpinkyo, Chief Executive Officer of Thai Coconut Public Company Limited (SET: COCOCO), disclosed the company’s business overview during the Opportunity Day event, held by the Stock Exchange of Thailand. In 1Q26, the company reported a net profit of THB 82.52 million, an increase of 27.23%, with total revenue at THB 1,509.22 million, supported by higher sales of coconut milk and pet food in the U.S., as well as declining coconut costs.
For 2Q26, COCOCO expects sales to gradually recover, particularly in the Chinese market, which is entering the summer season—where coconut water consumption is the highest. At the same time, the company continues to strengthen product quality assurance by verifying 100% pure coconut water to maintain brand image and screen for quality partners.
Moreover, COCOCO sees the pet food business as having the highest growth potential this year, targeting 100% growth due to continuous expansion in the U.S. market, as well as benefits from customers shifting orders to Thailand. The company plans to install additional machinery to support production capacity and aims to double pet food sales within two years. The management reveals that there are also plans to list the pet food business on the stock exchange in the future.
In 2Q26, the pet food business is expected to achieve 100% sales growth, while the company targets overall revenue growth of approximately 30%. The “Moochie” brand will be expanded to over 40 more countries through more than 450 stores and over 100 new customer accounts, alongside contract manufacturing (OEM) strategies and promoting COCOCO’s own brand in the global market.
The company will continue launching new products—starting with dry dog food this month and dry cat food next month—to complete the pet food portfolio, which has already been strong in wet food and pet snacks.
For the coconut milk business, COCOCO plans to relocate most of its production base for exports to the Philippines to boost cost competitiveness and receive tax benefits. Currently, the Philippine factory construction is 93% complete on structural work and in the process of installing key machinery. Coconut milk cans and aseptic coconut milk production will begin as planned, with coconut water production expansion planned for the following year.
The coconut water business will continue to use Thailand as its main production base, highlighting “Thai aromatic coconut” as a key differentiator in the global market. Sales in the U.S. and Europe increased by 19% and 11%, respectively, offsetting slowing sales in China.
Meanwhile, COCOCO’s premium street food business is expanding globally. In the U.S., distribution has expanded from the West Coast to the East Coast through key retail networks, with ongoing customer appointments and participation in trade shows. In Asia, the company is expanding into China, Japan, Malaysia, and Hong Kong. In Thailand, products are now available at Villa Market, Tops, and Gourmet Market.
Currently, COCOCO’s products are sold in over 215 outlets worldwide and over 63 in New Zealand, supported by aggressive marketing, both online and offline, and the use of local influencers to build ongoing brand engagement in each country.
Management is confident that in the next 1-2 years, COCOCO will continue to see growth from its three main businesses—coconut milk, coconut water, and pet food—especially through production expansion, building the “Thai Coco” brand, and increasing margins from the Philippine production base, all of which will be key drivers of the company’s long-term growth.
