The Organic Meat Company Limited (TOMCL), a Pakistani halal-meat processor based in Karachi, is gearing up to expand its export footprint to the Gulf region, China, Canada and the CIS markets — following its recent deal with Carrefour in Qatar.
The company secured at least four export orders over the last four months from markets such as the UAE, China and the French retailer’s Qatar operations.
In the last financial year (ending June), TOMCL’s exports rose by about 38% to approximately US $40 million (Rs 11.2 billion), up from Rs 8.16 billion a year earlier.
Its shares have also seen strong gains — rising more than 47% year-to-date to reach around Rs 52.56 per share.
TOMCL now exports to a wide range of countries including the UAE, Saudi Arabia, China, Oman, Kuwait, Bahrain, Qatar, Hong Kong, Vietnam, Thailand, Azerbaijan, Uzbekistan, Tajikistan, the US, Canada, Italy, Albania, Egypt, Iraq, Maldives and Jordan.
Looking ahead, the company is targeting further growth via new product lines (such as pet chews), private labeling business in the UAE/Kuwait/EU and new markets like Canada, China, Saudi Arabia and the CIS region.
However, TOMCL’s management also flagged key challenges: domestic fluctuations in animal prices, adverse currency movements, rising energy costs, losses of livestock from flooding, and outbreaks of diseases (such as lumpy skin disease) in animals.
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