Citing Costlier Raw Materials, Ghasino Raises Its Biscuit Selling Price
27 September 2026 · 10 days ago
Minoo Industrial (Farabourse symbol Ghasino) said in a group A material disclosure filed with Codal on Sunday, 27 September 2026 (5 Mehr 1405) that it has raised the selling price of some of its products, effective the same day. According to the filing, the reference price of its biscuit product rose from 1,312,500 rials to 1,416,250 rials, an increase of about 7.9 percent, approved under the company's internal resolutions.
The company attributed the move to higher prices for its main raw materials and the resulting rise in production costs. Biscuits accounted for 64 percent of the company's revenue in the previous fiscal year. Ghasino shares traded 2.87 percent higher at 5,730 rials on Farabourse on Sunday, 5 Mehr.
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