Fauji Foods

Fauji Foods Limited (Urdu pronunciation: [ˈfaʊ.dʒi fuːdz] FOW-jee-FOODS) is a Pakistani food company which is a subsidiary of Fauji Fertilizer Company.^[3] It is based in Lahore, Pakistan.

Fauji Foods

Formerly	Noon Pakistan Limited
Company type	Public
Traded as	PSX: FFL
Founded	1966; 59 years ago (1966)
Headquarters	Lahore, Pakistan
Key people	Muhammad Haseeb Aslam (CEO)[1]
Products	Nurpur Dostea
Revenue	Rs. 19.809 billion (US$69 million) (2023)
Operating income	Rs. 936.507 million (US$3.2 million) (2023)
Net income	Rs. 605.111 million (US$2.1 million) (2023)
Total equity	Rs. 14.055 billion (US$49 million) (2023)
Owner	Fauji Fertilizer Company (66.29%) FFBL Power Company (15.87%)
Parent	Fauji Fertilizer Company
Subsidiaries	Fauji Infraavest Foods Fauji Cereals
Website	faujifoods.com
Footnotes / references Financials as of 30 June 2023[update] [2]

Fauji Foods is known for its dairy products and brands such as Nurpur, and Dostea.^[4] It is listed on the Pakistan Stock Exchange.^[5]

History

Fauji Foods was established in 1966 as part of Noon Group by Pakistani political family Noon family.^[6][7] It was listed on the Karachi Stock Exchange in 1970.^[8] The shares of the company were held by Pakistani politician Malik Adnan Hayat Noon and Salman Hayat Noon with 48.9 percent and 25.5 percent respectively until 2015.^[5]

In 2015, Fauji Fertilizer Bin Qasim acquired Noon Pakistan.^[9] Before acquisition, company was in loss for two consecutive years.^[10] Later, Fauji Fertilizer Bin Qasim gave a loan of Rs. 3.5 billion to Fauji Foods.^[11]

In 2018, Chinese company, Yili Group, expressed its intent to buy 51 percent stake in Fauji Foods.^[12] Later, in 2019, it withdrawn its interest.^[13]

In February 2024, Fauji Foods acquired Fauji Infraavest Foods Limited and Fauji Cereals from Fauji Foundation.^[14]

Subsidiaries

Fauji Cereals

Fauji Cereals was established in 1954 and began production in 1956 in a joint venture with Quaker Oats of United Kingdom.^[15] Quaker Oats designed the facility of Fauji Cereals and supplying machinery from Scotland.^[15] Quaker Oats exited from Pakistan in 1962.^[15]

Initially, Fauji Cereals produced ready-to-eat (RTE) breakfast cereals, including corn, wheat, and rice flakes.^[15] The company later expanded its product range to include cereal varieties, ready-to-cook porridges, desserts such as mixes, custards, and jellies, and more recently, flour and grain products. Its products include Bran Flakes, Choco Cups, Choco Rings, Choco Stars, and Frosted Flakes.^[15]