Lotte Wellfood stock gets a higher target after overseas growth

Lotte Wellfood stock is drawing attention after Hanwha Investment raised its target price from KRW 170,000 to KRW 200,000 on September 21, 2026. The analyst cited expanding operations in India and a recovery in Kazakhstan as the main reasons for the reassessment.

Hanwha lifts the price target

According to Aju Press on September 21, 2026, Hanwha Investment maintained its buy rating and increased the target by KRW 30,000. The revised target reflects the expectation that stronger overseas profitability will improve the quality and visibility of earnings.

The operating backdrop supports that view. In the first half of 2026, India sales rose 28.00 percent year over year, while Kazakhstan sales reached KRW 55 billion, up 19.70 percent, and operating profit climbed 86.90 percent to KRW 3.9 billion, Aju Press reported on September 21, 2026.

Second-quarter profit accelerates

Lotte Wellfood reported second-quarter revenue of KRW 1.1557 trillion, up 8.60 percent from the prior-year quarter, while operating profit increased 89.00 percent to KRW 647 billion. The operating margin reached 5.60 percent, according to Lotte Wellfood on September 18, 2026.

The improvement was broader than a single quarter. First-half revenue reached KRW 2.1831 trillion, up 7.00 percent, while operating profit rose 98.00 percent to KRW 1.005 trillion. Overseas subsidiaries generated second-quarter revenue of KRW 311.2 billion, up 28.00 percent, and operating profit of KRW 29.6 billion, up 133.00 percent.

October results set the next test

The next checkpoint is scheduled for October 29, 2026, when Lotte Wellfood is expected to report its third-quarter results, according to Investing.com. The key question is whether India capacity expansion and Kazakhstan's recovery can keep profit growth ahead of revenue growth.

That comparison matters because the second-quarter operating profit increase of 89.00 percent was more than ten times the 8.60 percent revenue increase. Raw-material costs, currency movements and overseas execution therefore remain central to the valuation case.

Market value and investor checkpoint

Lotte Wellfood had a market capitalization of KRW 1.1 trillion as of September 30, 2026. The combination of a higher analyst target, 5.60 percent quarterly operating margin and the October 29, 2026 earnings date gives investors three concrete markers for assessing whether the overseas recovery is becoming durable.