Dusit Thani / Food business

Editorial staff
Dusit Thani / Food business

Dusit Thani aims to earn 2.5 billion in revenue from food business by 2027

Dusit Thani Plc (DUSIT), one of Thailand’s leading hotel and property development companies, is poised to significantly expand its food business with a targeted revenue of 2.5 billion baht by 2027.

Suphajee Suthumpun, DUSIT Group CEO, said the company aims for 15-18% annual growth from food business and expects to earn 2.50 billion baht in revenue by 2027.

This goal stems from the notable success of enterprises operating within DUSIT’s food business unit, Dusit Foods, in which DUSIT holds a 75% stake, and the strategic promotion of Dusit Gastro, a new sourcing and distribution hub servicing Dusit Hotels and Resorts in Thailand and affiliated companies and customers in the hotel, restaurant, café, and catering industry (HoReCa).

Established in 2018 with the vision of investing in food businesses that place importance on natural, organic, and good-for-health processes, along with supporting local communities, Dusit Foods has subsequently invested in food businesses that are not only related to DUSIT’s core hotel business, but also in high growth potential and cover the total supply chain.

To date, Dusit Foods holds a 70% share in Epicure Catering, a leading provider of catering services to international schools in Thailand, Vietnam, and Cambodia. Also, it includes to hold a 55% stake in Bonjour Bakery Asia Co., which operates a state-of-the-art baking factory producing French-style pastry products, and its associated bakery franchise business, and a 51% stake in Savor Eats, a central kitchen and cloud dispensing network business.

In August 2022, Dusit inked an agreement with PTT Oil and Retail Business Plc(OR) by Modulus Venture, a wholly-owned subsidiary of OR, a leading oil and retail company, for OR to acquire a 25% stake in Dusit Foods in a synergistic alliance that leverages OR’s robust retail platform, including Café Amazon and the Ohkajhu health food brand, to sell various food products to consumers nationwide.

"The business unit contributes significantly to our diversification, accounting for nearly 20% of our income in the first nine months of 2023, surpassing the 10% target. By strategically investing in Epicure, Bonjour, and Savor Eats, we're fueling our expansion in catering, bakery, and food technology. This, coupled with Dusit Gastro's launch, positions Dusit Foods as a major growth engine for DUSIT,” Ms Suphajee said.

Manisa Mitpaibul, managing director of Dusit Foods, said, in the first nine months of 2023, Dusit Foods generated 878 million baht, accounting for 19.5% of DUSIT’s overall income of 4.51 billion baht. Epicure and Bonjour played a key role in this, and both are expected to enhance their presence this year with Epicure broadening its catering scope beyond international schools and targeting strategic expansion in the Middle East and beyond, and Bonjour targeting China, the Philippines, and Vietnam.