Analysts set TRY 175.09 target for Ulker Biskuvi stock
Published on 10/02/2026 at 13:12 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Analysts tracked by Yatirimci AI showed an average TRY 175.09 target from 16 brokers for Ulker Biskuvi on October 2, 2026. Ulker Biskuvi stock therefore sits within a market view that includes 12 buy ratings, two hold ratings and zero sell ratings.
Revenue pressure meets resilient volume
Ulker Biskuvi reported first-half 2026 revenue of TRY 63.30 billion, down 7.20 percent year over year, while volume increased 0.70 percent. The figures came from the company's second-quarter webcast, carried in full by Yahoo Finance on August 19, 2026.
The quarter showed the same split more sharply: revenue fell 11.40 percent to TRY 27.00 billion, while net income rose 45.50 percent to TRY 1.40 billion. First-half net income was TRY 3.10 billion, compared with TRY 4.30 billion a year earlier, according to the same webcast.
Promotions are cutting into margins
Drillr reported that domestic EBITDA margin fell from 16.10 percent to 12.70 percent as promotions supported volume but reduced revenue per ton. Management also revised its 2026 net sales outlook from flat growth to a low-single-digit decline while retaining an EBITDA margin target of 13.50 percent plus or minus 1.50 percentage points.
The operating picture is not uniform across the portfolio. International volume growth and a 34.00 percent Turkish market share provide support, but cocoa costs, competitive promotions and weaker pricing power continue to weigh on profitability. For investors, the key comparison is clear: volume is holding up better than revenue and margin.
Analyst target contrasts with market value
FKRadar listed Ulker at a market capitalization of TRY 31.67 billion on October 1, 2026, with the Borsa Istanbul share at TRY 85.75. Its 52-week range was TRY 82.35 to TRY 134.76, placing the quoted share below its yearly high by 36.38 percent.
FVT identifies Ulker as a food producer listed on Borsa Istanbul under ULKER. Its product portfolio includes biscuits, chocolate, wafers, crackers and cakes, giving the company exposure to both domestic Turkish demand and international markets.
Frankfurt quote remains dated
Ulker Biskuvi was last at EUR 14.30 on the Frankfurt delayed quote on September 16, 2026 at 8:02 a.m. CEST. The quotation is a German-venue reference, while the company's primary listing and operating figures remain tied to Borsa Istanbul and the Turkish lira.
Ulker Biskuvi stock facts
- Company: Ulker Biskuvi Sanayi A.S.
- Ticker: ULKER
- Primary exchange: Borsa Istanbul
- Price Frankfurt: EUR 14.30 as of September 16, 2026, 8:02 a.m. CEST
- Market capitalization: TRY 31.67 billion as of October 1, 2026
- 52-week range: TRY 82.35-134.76 as of September 30, 2026
- Sector / Industry: Consumer Defensive / Confectioners
