Kri-Kri Milk Industry (STU:AO2) Operating Income: €50.8 Mil (TTM As of Mar. 2026)

What is Kri-Kri Milk Industry Operating Income?

Kri-Kri Milk Industry STU:AO2 -2.66% 97 Operating Income is €50.8 Mil as of Mar. 2026. GuruFocus rates STU:AO2 with a GF Score™ of 97/100 and a GF Value™ of €20.68 (Significantly Overvalued). The stock has 7 warning signs investors should review.

Kri-Kri Milk Industry's Operating Income for the three months ended in Mar. 2026 was €18.0 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was €50.8 Mil.

Warning Sign:

Kri-Kri Milk Industry SA has recorded a loss in operating income at least once over the past 3 years.

Operating Margin % is calculated as Operating Income divided by its Revenue. Kri-Kri Milk Industry's Operating Income for the three months ended in Mar. 2026 was €18.0 Mil. Kri-Kri Milk Industry's Revenue for the three months ended in Mar. 2026 was €89.9 Mil. Therefore, Kri-Kri Milk Industry's Operating Margin % for the quarter that ended in Mar. 2026 was 19.98%.

Good Sign:

Kri-Kri Milk Industry SA operating margin is expanding. Margin expansion is usually a good sign.

Kri-Kri Milk Industry's 5-Year average Growth Rate for Operating Margin % was 5.70% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Kri-Kri Milk Industry's annualized ROC % for the quarter that ended in Mar. 2026 was 35.18%. Kri-Kri Milk Industry's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 45.75%.

Kri-Kri Milk Industry (STU:AO2) Operating Income Explanation

1. Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Kri-Kri Milk Industry's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

	ROC % (Q: Mar. 2026 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2025 )	+	Invested Capital (Q: Mar. 2026 ))	/ count )
=	71.856 * ( 1 - 22.06% )	/	( (153.34	+	165.023)	/ 2 )
=	56.0045664	/	159.1815
=	35.18 %

where

	Invested Capital		(Q: Dec. 2025 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	219.797	-	42.389	-	( 24.068	-	max(0, 48.241	-	96.397	+	24.068	))
=	153.34

	Invested Capital		(Q: Mar. 2026 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	243.131	-	52.107	-	( 26.001	-	max(0, 57.592	-	118.455	+	26.001	))
=	165.023

Note: The Operating Income data used here is four times the quarterly (Mar. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

Kri-Kri Milk Industry's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Mar. 2026 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2025		Q: Mar. 2026
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	71.836	/	( ( (123.015 + max(27.596, 0))	+	(124.286 + max(39.138, 0)) )	/	2 )
=	71.836	/	( ( 150.611	+	163.424 )	/	2 )
=	71.836	/	157.0175
=	45.75 %

where Working Capital is:

	Working Capital		(Q: Dec. 2025 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(37.055	+	30.604	+	3.73)	-	(42.389	+	0	+	1.404)
=	27.596

	Working Capital		(Q: Mar. 2026 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(54.854	+	35.448	+	2.005)	-	(52.107	+	0	+	1.062)
=	39.138

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

3. Operating Income is also linked to Operating Margin %:

Kri-Kri Milk Industry's Operating Margin % for the quarter that ended in Mar. 2026 is calculated as:

Operating Margin %	=	Operating Income (Q: Mar. 2026 )	/	Revenue (Q: Mar. 2026 )
	=	17.964	/	89.899
	=	19.98 %

* 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.

4. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Operating Income growth rate using Operating Income per share data.

Be Aware

Compared with a company's EBITDA margin, Operating Margin can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).

If a company is facing competition, its Operating Margin may decline. Often the Operating Margin declines well before the company's revenue or even profit decline. Therefore, Operating Margin is a very important indicator of whether the company is facing problems.

For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokia's Operating Margin had already been in decline since 2002, although its earnings per share were still rising. Investors who paid attention to Operating Margin would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).

Therefore, Operating Margin is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.

Kri-Kri Milk Industry Operating Income Related Terms

Kri-Kri Milk Industry Operating Income Historical Data

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The historical data trend for Kri-Kri Milk Industry's Operating Income can be seen below:

Kri-Kri Milk Industry Operating Income Chart

Kri-Kri Milk Industry Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

Operating Income

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16.53

3.73

39.98

37.27

41.84

Kri-Kri Milk Industry Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25	Jun25	Sep25	Dec25	Mar26
Operating Income	Get a 7-Day Free Trial															8.97	14.00	15.11	3.76	17.96

97GF Score

Kri-Kri Milk Industry SA STU:AO2

Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.

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Kri-Kri Milk Industry Operating Income Calculation

Operating Income, is the profit a company earned through operations. All expenses, including cash expenses such as cost of goods sold (COGS), research & development, wages, and non-cash expenses, such as depreciation, depletion and amortization, have been deducted from the sales.

Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €50.8 Mil.

Frequently Asked Questions Learn more about Operating Income →

What does a Operating Income of €50.8 Mil mean?

Kri-Kri Milk Industry (STU:AO2) has a Operating Income of €50.8 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Kri-Kri Milk Industry and its competitors.

Is Kri-Kri Milk Industry's Operating Income too high?

Kri-Kri Milk Industry's current Operating Income is €50.8 Mil. Overall, Kri-Kri Milk Industry has a GF Score™ of 97/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.

How does Kri-Kri Milk Industry's Operating Income compare to KHC and GIS?

Kri-Kri Milk Industry's Operating Income of €50.8 Mil can be compared against companies in the Consumer Packaged Goods industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good Operating Income for a Consumer Packaged Goods company?

A good Operating Income depends on the Consumer Packaged Goods industry context. However, Operating Income should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high Operating Income mean?

A high Operating Income can signal that a stock is expensive relative to its fundamentals. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Kri-Kri Milk Industry and its competitors. Kri-Kri Milk Industry's current Operating Income is €50.8 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Kri-Kri Milk Industry stock overvalued right now?

Based on GuruFocus' analysis, Kri-Kri Milk Industry (STU:AO2) is currently considered Significantly Overvalued. The stock's GF Value™ is €20.68, compared to a current price of €29.40 — trading 42.2% above its estimated fair value. The current Operating Income is €50.8 Mil. Kri-Kri Milk Industry's overall GF Score™ is 97/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is Operating Income calculated?

Operating Income is calculated from a company's financial statements. For Kri-Kri Milk Industry (STU:AO2), the current Operating Income is €50.8 Mil 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 Kri-Kri Milk Industry (STU:AO2) Overvalued in 2026?

Based on GuruFocus' analysis, Kri-Kri Milk Industry stock appears to be overvalued. The current stock price of €29.40 is trading 42.2% above its estimated GF Value™ of €20.68. GuruFocus considers Kri-Kri Milk Industry to be Significantly Overvalued.

Key valuation signals for STU:AO2:

Operating Income: €50.8 Mil
GF Value™: €20.68 vs. price of €29.40 (42.2% above fair value)
GF Score™: 97/100 with 7 warning signs

No single metric tells the full story. See the STU:AO2 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Kri-Kri Milk Industry Business Description

Industry Consumer Defensive Consumer Packaged Goods

Comparable Companies ATH:SAR ATH:PAP XSWX:NESN XPAR:BN BOG:NUTRESA TSE:2802 SHSE:603288 NSE:NESTLEIND KHC SHSE:600887 SZSE:300999 GIS SGX:F34 LSE:ABF HKSE:00288 MEX:BIMBOA DUB:KRZ JBS BOM:500825 TPE:1216

Other Exchanges KRI:Greece 0QG6:UK

Address 3rd km Serres-Drama National Road, Serres, GRC, 62125

Website https://www.krikri.gr

Kri-Kri Milk Industry SA is engaged in the production of dairy products. Its products include yogurt, ice cream, Gluten-free, and milk. The company's segments are classified into Ice-cream - Greece and other Countries and Dairy-Yogurt - Greece and other Countries. The majority of the revenue is generated from the Dairy-Yogurt segment and geographically from Greece.

97GF Score

Get the complete analysis for STU:AO2

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

€29.40

Price

€20.68

GF Value

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