NR Instant Produce PCL (BKK:NRF) Gross Margin %: 24.25% (As of Mar. 2026) — 23% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

BKK:NRF NR Instant Produce PCL BKK:NRF
61 GF Score
Price ฿0.24
GF Value ฿1.22
Valuation Possible Value Trap
! 4 Warning Signs
View Full Analysis

What is NR Instant Produce PCL Gross Margin %?

NR Instant Produce PCL BKK:NRF -4.00% 61 Gross Margin % is 24.25% as of Mar. 2026, which is 23% below its 10-year median of 31.50. GuruFocus rates BKK:NRF with a GF Score™ of 61/100 and a GF Value™ of ฿1.22 (Possible Value Trap). The stock has 4 warning signs investors should review. Among 1,908 Consumer Packaged Goods companies, NR Instant Produce PCL ranks worse than 59.43% on this metric.

Gross Margin % is calculated as gross profit divided by its revenue. NR Instant Produce PCL's Gross Profit for the three months ended in Mar. 2026 was ฿144 Mil. NR Instant Produce PCL's Revenue for the three months ended in Mar. 2026 was ฿593 Mil. Therefore, NR Instant Produce PCL's Gross Margin % for the quarter that ended in Mar. 2026 was 24.25%.

Warning Sign:

NR Instant Produce PCL gross margin has been in long-term decline. The average rate of decline per year is -8.5%.


The historical rank and industry rank for NR Instant Produce PCL's Gross Margin % or its related term are showing as below:

BKK:NRF' s Gross Margin % Range Over the Past 10 Years
Min: 22.03   Med: 31.5   Max: 44.14
Current: 22.03


During the past 8 years, the highest Gross Margin % of NR Instant Produce PCL was 44.14%. The lowest was 22.03%. And the median was 31.50%.

BKK:NRF's Gross Margin % is ranked worse than
59.43% of 1908 companies
in the Consumer Packaged Goods industry
Industry Median: 26.345 vs BKK:NRF: 22.03

NR Instant Produce PCL had a gross margin of 24.25% for the quarter that ended in Mar. 2026 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for NR Instant Produce PCL was -8.50% per year.


NR Instant Produce PCL  (BKK:NRF) Gross Margin % Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

NR Instant Produce PCL had a gross margin of 24.25% for the quarter that ended in Mar. 2026 => Competition eroding margins


Be Aware

If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.


NR Instant Produce PCL Gross Margin % Related Terms


NR Instant Produce PCL Gross Margin % Historical Data

* Premium members only.

The historical data trend for NR Instant Produce PCL's Gross Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

NR Instant Produce PCL Gross Margin % Chart

NR Instant Produce PCL Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Gross Margin %
Get a 7-Day Free Trial 38.88 44.14 33.70 26.24 22.21

NR Instant Produce PCL Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Gross Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 23.39 18.83 23.53 21.73 24.25

BKK:NRF vs KHC, GIS: Gross Margin % Comparison

For the Packaged Foods subindustry, NR Instant Produce PCL's Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


NR Instant Produce PCL Gross Margin % vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, NR Instant Produce PCL's Gross Margin % distribution charts can be found below:

* The bar in red indicates where NR Instant Produce PCL's Gross Margin % falls into.


BKK:NRF
61GF Score
NR Instant Produce PCL BKK:NRF
Gross Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

NR Instant Produce PCL Gross Margin % Calculation

Gross Margin is the percentage of Gross Profit out of sales or Revenue.

NR Instant Produce PCL's Gross Margin for the fiscal year that ended in Dec. 2025 is calculated as

Gross Margin % (A: Dec. 2025 )=Gross Profit (A: Dec. 2025 ) / Revenue (A: Dec. 2025 )
=666.2 / 2999.331
=(Revenue - Cost of Goods Sold) / Revenue
=(2999.331 - 2333.093) / 2999.331
=22.21 %

NR Instant Produce PCL's Gross Margin for the quarter that ended in Mar. 2026 is calculated as


Gross Margin % (Q: Mar. 2026 )=Gross Profit (Q: Mar. 2026 ) / Revenue (Q: Mar. 2026 )
=143.7 / 592.705
=(Revenue - Cost of Goods Sold) / Revenue
=(592.705 - 448.964) / 592.705
=24.25 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.

Frequently Asked Questions Learn more about Gross Margin % →
What does a Gross Margin % of 24.25% mean?
NR Instant Produce PCL (BKK:NRF) has a Gross Margin % of 24.25% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on NR Instant Produce PCL and its competitors. This is 23% below median its historical median of 31.50. Over the past decade, NR Instant Produce PCL's Gross Margin % has ranged from 22.03 to 44.14. According to the industry distribution chart, NR Instant Produce PCL ranks #1134 out of 1908 companies in the Consumer Packaged Goods industry, placing it in the top 59.4%.
Is NR Instant Produce PCL's Gross Margin % too high?
NR Instant Produce PCL's current Gross Margin % of 24.25% is 23% below median its 10-year median of 31.50. Over the past 10 years, this metric has ranged from a low of 22.03 to a high of 44.14. The Consumer Packaged Goods industry median Gross Margin % is 26.35. NR Instant Produce PCL's value of 24.25% is 8% below this industry median. Based on the distribution chart, NR Instant Produce PCL ranks #1134 out of 1908 companies in the Consumer Packaged Goods industry, which is below the industry midpoint. Overall, NR Instant Produce PCL has a GF Score™ of 61/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does NR Instant Produce PCL's Gross Margin % compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, NR Instant Produce PCL ranks #1134 out of 1908 companies for Gross Margin %. This places NR Instant Produce PCL in the lower half of its industry. The industry median Gross Margin % is 26.35. NR Instant Produce PCL's value of 24.25% is 8% below this benchmark. Historically, NR Instant Produce PCL's own Gross Margin % has ranged from 22.03 to 44.14 over the past decade. While the company's 10-year median is 31.50 vs. the industry median of 26.35, NR Instant Produce PCL has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Gross Margin % for a Consumer Packaged Goods company?
The median Gross Margin % among Consumer Packaged Goods companies is 26.35, based on 1,908 companies in the industry. Companies in the top quartile (top 25%) have a Gross Margin % significantly above this median, while those in the bottom quartile fall well below. However, Gross Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. NR Instant Produce PCL's current Gross Margin % of 24.25% is 8% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Gross Margin % mean?
A high Gross Margin % can signal that a stock is expensive relative to its fundamentals. Gross margin is the ratio of total gross profit to net sales. View historical data on NR Instant Produce PCL and its competitors. For the Consumer Packaged Goods industry, the median Gross Margin % is 26.35 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NR Instant Produce PCL's current Gross Margin % is 24.25%, which is 23% below median its own 10-year median of 31.50. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NR Instant Produce PCL stock overvalued right now?
Based on GuruFocus' analysis, NR Instant Produce PCL (BKK:NRF) is currently considered Possible Value Trap. The stock's GF Value™ is ฿1.22, compared to a current price of ฿0.24 — trading 80.3% below its estimated fair value. The current Gross Margin % is 24.25%, which is 23% below median its 10-year median of 31.50 and 8% below the Consumer Packaged Goods industry median of 26.35. NR Instant Produce PCL's overall GF Score™ is 61/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Gross Margin % calculated?
Gross Margin % is calculated from a company's financial statements. For NR Instant Produce PCL (BKK:NRF), the current Gross Margin % is 24.25% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is NR Instant Produce PCL (BKK:NRF) Overvalued in 2026?

Based on GuruFocus' analysis, NR Instant Produce PCL stock appears to be undervalued. The current stock price of ฿0.24 is trading 80.3% below its estimated GF Value™ of ฿1.22. GuruFocus considers NR Instant Produce PCL to be Possible Value Trap.

Key valuation signals for BKK:NRF:

  • Gross Margin %: 24.25% (23% below median its 10-year median of 31.50)
  • GF Value™: ฿1.22 vs. price of ฿0.24 (80.3% below fair value)
  • GF Score™: 61/100 with 4 warning signs
  • Industry Position: 8% below the Consumer Packaged Goods median (#1134 of 1908)

No single metric tells the full story. See the BKK:NRF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


NR Instant Produce PCL Business Description

Address 99/1 Moo 4, Kaerai, Kratumbaen, Samutsakorn, THA, 74110
NR Instant Produce PCL is a food manufacturer and distributor based in Thailand. It is principally engaged in the manufacture and distribution of seasoning and instant foods. The company manufactures and distributes Sauces, Seasoning mixes, Condiments, Ready-to-eat meals, Plant-based food, beverages, and Others. Its brands Por Kwan, Sabzu, Lee Brand, Thai Delight, and De De. Geographically it has two segments Thailand and Overseas and derives key revenue from domestic sales.
61GF Score

Get the complete analysis for BKK:NRF

Gross Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

฿0.24
Price
฿1.22
GF Value