Ulker Biskuvi stock: Is Yatirim forecasts TRY 126.0 million profit

Ulker Biskuvi (TRAULKER91D8) became the subject of a new third-quarter earnings estimate on October 20, 2026, when Is Yatirim forecast TRY 28.46 billion in sales, TRY 2.28 billion in EBITDA and TRY 126.0 million in net profit. According to Para Ajansi, the estimate implied a 14 percent year-over-year sales decline and a 91 percent year-over-year drop in net profit.

Three milestones shape the estimate

On June 1, 2026, Ulker Biskuvi reported first-half sales of TRY 63.3 billion and net profit of TRY 3.1 billion, according to FVT. The company then reported second-quarter revenue of TRY 26.99 billion and earnings of TRY 1.39 billion in the period identified as Q2 FY26 by Yahoo Finance on August 18, 2026.

What does the target imply?

Deniz Yatirim raised its 12-month target from TRY 154.07 to TRY 156.90 and changed its recommendation from Hold to Buy on October 13, 2026. TradingView reported that the house expected 2026 sales of TRY 138.714 billion, EBITDA of TRY 18.736 billion and net profit of TRY 6.361 billion. The same report said the stock had underperformed the BIST 100 index by 21 percent since the start of 2026.

Next reporting date and market context

Ulker Biskuvi is expected to publish its third-quarter results on November 6, 2026, according to Para Ajansi. That release also identified promotional activity and the gap between chocolate prices and Turkish inflation as potential pressure points for sales growth and margins.

Valuation before the results

ULKER was last quoted at TRY 76.70 on October 23, 2026 at 6:09 p.m. TRT. The quote places the company within a 52-week range of TRY 73.45 to TRY 141.70, while its market capitalization stood at TRY 28.3 billion on the same date.

Market context: Market report BIST 100.

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