South Korean food company Orion continued its record-breaking growth momentum in the first quarter of 2026, fueled by strong sales expansion across major overseas markets including China, Vietnam, and Russia. The company reported double-digit increases in both revenue and operating profit as global subsidiaries delivered balanced growth and production efficiency improved.
Orion’s consolidated revenue for the first quarter reached KRW 930.4 billion, up 16% from a year earlier, while operating profit climbed 26% to KRW 165.5 billion.
Russia emerged as the company’s fastest-growing market during the quarter. Orion strengthened the competitiveness of products such as Choco Fish Bread and Fresh Pie while expanding channel-specific distribution strategies. As a result, revenue from the Russian subsidiary rose 34.7% year-on-year to KRW 90.5 billion. Operating profit surged more than 66% to KRW 14.2 billion, reflecting significant profitability improvement.
In China, strong seasonal demand during the Lunar New Year holiday supported robust sales growth for potato snacks, jelly products, and pie categories. Orion also benefited from expanding sales through high-growth retail channels such as snack specialty stores and online platforms. Revenue from the Chinese business increased 24.8% to KRW 409.7 billion, while operating profit jumped more than 40% to KRW 79.9 billion.
Vietnam also posted solid growth as holiday-season consumption boosted snack sales. Strong demand for potato chips and rice crackers, combined with the successful launch of new products, pushed revenue up 17.9% year-on-year to KRW 151.3 billion. Operating profit rose 25.2% to KRW 26.6 billion.
India is also becoming an increasingly important growth market for Orion. The company said its sales expansion strategy centered on northeastern India is gaining traction, with revenue surging 67% year-on-year to KRW 9.8 billion. Orion added that utilization rates at local production lines have already reached near full capacity, prompting plans for additional facility investment.
Despite slowing consumer demand and rising raw material costs, Orion’s domestic business maintained stable performance. Revenue from the Korean business rose slightly to KRW 283.4 billion, while operating profit reached KRW 48.5 billion, supported in part by increased overseas royalty income.
Orion expects growth momentum to accelerate further in the second half of the year as expanded production infrastructure begins contributing more significantly to operations. In Korea, the company is expanding snack and pie production lines while also pushing ahead with construction of the Jincheon Integrated Center to strengthen supply capabilities.
The company also plans to focus on expanding health-oriented product lines, including low-sugar and high-protein snacks, while accelerating global exports.
