Les Eaux Minerales d'Oulmes stock reports 9 percent growth

Les Eaux Minerales d'Oulmes (ISIN MA0000010415) reported 9 percent growth in consolidated revenue for the first half of 2026, according to Financial Afrik on September 22, 2026. The growth gives the company a stronger sales base, but profit trends remain the more important measure for the stock.

Revenue growth meets rising profit

In the social accounts for the six months ended June 30, 2026, net income rose to MAD 36.1 million from MAD 33.2 million a year earlier, an increase of 9 percent, AllAfrica reported on September 28, 2026.

Social revenue reached MAD 1,620.2 million, compared with MAD 1,489.1 million in the first half of 2025, an increase of 8.8 percent. Social operating profit also advanced to MAD 100.9 million from MAD 92.5 million, representing growth of 9.1 percent, according to AllAfrica.

One analyst sets a higher target

The available consensus view is constructive but narrow. Investing.com lists a Strong Buy consensus based on 1 analyst, with a 12-month average price target of MAD 1,705.00.

The same consensus page gives MAD 1,705.00 as both the highest and lowest target, so the figure represents a single published estimate rather than a broad analyst range. That narrow coverage makes the first-half operating figures especially important for judging whether the sales increase can translate into durable earnings growth.

Profit conversion is the key checkpoint

For Les Eaux Minerales d'Oulmes stock, the central comparison is between revenue growth and the quality of profit expansion. The social figures show revenue up 8.8 percent, operating profit up 9.1 percent and net income up 9 percent in the first half of 2026, while the consolidated revenue trend also reached 9 percent.

The company operates in non-alcoholic beverages and sells brands including Sidi Ali, Oulmès, Ain Atlas and Bahia, according to Financial Afrik. The figures point to a business with positive first-half momentum, while the limited analyst coverage leaves execution and margin conversion as the main market checkpoints.

First-half figures shape the outlook

The first-half reporting period gives investors a concrete comparison: MAD 1,620.2 million in social revenue and MAD 36.1 million in social net income versus MAD 1,489.1 million and MAD 33.2 million a year earlier. Les Eaux Minerales d'Oulmes is listed on the Casablanca Stock Exchange under ticker OUL.MA, with the company classified in consumer non-durables and non-alcoholic beverages.

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