October 2026
Largest Food & Beverages Public Companies in Turkey
Benchmark revenue and EBITDA valuation multiples for public comps like
Coca Cola Icecek, Anadolu Efes, Kent Gıda, Armada Gida and Ülker.
 | Coca Cola Icecek AS is an exclusive bottler and distributor of Coca-Cola-branded sparkling and still beverages in Turkey, Pakistan, Bangladesh, Central Asia, the Middle East, and other regions. The brands of the company include Coca-Cola, Fanta, Sprite, Costa Coffee, Crush, Crystal Cola, and others. The company also has the exclusive right to distribute the Schweppes brand in Turkey. The company's revenue is split roughly evenly between sales in Turkey and sales outside of Turkey. | $2 | +37% | $4.7B | $5.6B | 1.5x | 7.0x | ||
| Anadolu Efes Biracilik ve Malt Sanayi AS produces and distributes beer, sparkling, and still beverages under several brand names. It has joint control over Coca-Cola Icecek, which has the rights to sell Coca-Cola products in Turkey, Pakistan, Central Asia, and the Middle East. The group operates in two segments: Beer Operations (Beer Group) and Soft Drinks Operations (Soft Drinks), and the majority of its revenue is generated from the soft drinks segment. | Alcohol+1 | $0 | +7% | $2.2B | $6.1B | 1.2x | 5.5x | |
| Kent Gida Maddeleri Sanayii Ve Ticaret AS operates as a confectionery company. It produces as well as sells candy, chewing gums and chocolates, coffee, salty cookies and powdered beverages. The products of the company are offered under various brands such as Barni, Bubblicious, Milka, Toblerone, Bonibon, tofita, Olips, poptip, and others. Geographically the operations are carried out through Turkey. | $6 | -- | $1.9B | $1.9B | 158.2x | 5348.8x | ||
| Armada Gida Ticaret Sanayi AS is engaged in processing, pre-cooking with the extrusion method, and selling, importing, and exporting pulses, cereals, bulgur, organic products, superfoods, pulse flour, rice, gluten-free products, and other products. | $3 | +196% | $691M | $801M | 3.2x | 31.5x | ||
| Ulker Biskuvi Sanayi AS is engaged in manufacturing marketing, and sale of biscuits, chocolate-coated biscuits, wafers, cakes, and chocolate. The brands of the company include Ulker, Alpella, Albeni, Dido, Laviva, Cocostar, Godiva, Piko, Buklet, and others. Substantially all of the remaining revenue is from cake sales. The company earns majority of its revenue from domestic market. | $2 | -33% | $635M | $1.5B | 0.7x | 7.3x | ||
| Efor Yatirim Sanayi Ticaret AS manufactures and produces teabag, teapot bag teas, and herbal and fruit teas. The company plants tea plants in the black sea region using domestic methods with technological twists. The teabags of the company has its fruit taste and pleasant aroma of spices, and herb mixtures together in the right proportions, O.P.A. Ceylon teas and products for Out-of-Home Consumption (OOH) which keeps person fit. | $0 | -49% | $620M | $672M | 2.7x | 56.2x | ||
| Citlekci Magazacilik Gida AS focuses on fresh and natural products, passionately continuing to produce high-quality nuts and snacks. It works diligently to offer customers fresh and natural products. The group prioritizes quality at every stage of production and brings carefully prepared nuts, snacks, and traditional Turkish flavors to tables. Its food Categories are Nuts, Dried Fruits, Finally, Chocolate and Dragees, Coffees and Teas, and Special Products. | $3 | -- | $465M | $469M | 2.6x | 14.0x | ||
| Banvit is a Turkish integrated poultry and prepared-food producer with breeding, feed, processing, branded consumer products, and distribution operations. The organization serves B2B, B2C customers and counterparties through the operating assets, products, or financial capabilities described in the cited transaction materials. Its principal economics are Product sales, while its competitive position depends on sector expertise, asset quality, customer relationships, execution, and disciplined capital allocation. The business was founded in 1968 and is headquartered in Bandırma. The BRF-QIA vehicle acquired control from the founding shareholder group and became Banvit’s strategic owner. The profile reflects the legal or operating business at the transaction date, including its historical identity where a subsequent listing, merger, privatization, disposal, or reorganization changed its name or ownership. | $3 | -29% | $265M | $260M | 0.4x | (6.3x) | ||
| Oba Makarnacilik Sanayi ve Ticaret AS is engaged in the food sector. The company operates in the pasta, noodle, flour, semolina, and wheat products food sector. The company is also engaged in the purchase and sale of grains (wheat) as a commercial activity. It carries out its production activities in Gaziantep Plant and Hendek Plant. | $0 | -51% | $252M | $175M | 0.4x | (7.2x) | ||
| Cem Zeytin AS is engaged in production of pickled black and green olives, olive storage, processing and packaging. | $0 | -55% | $234M | $233M | 4.1x | (90.6x) | ||
| Altinkilic Gida ve Sut Sanayi Ticaret AS is a Company that operates in the fields of manufacturing, packaging, purchasing, selling, wholesale and retail marketing, import and export of all kinds of milk and dairy products. Its main activity is cig milk Jemini which processes the supplied milk into products. The company is active in the milk and dairy products sector and sells and markets products such as kefir, kefir yogurt, cheese group, cheesecolata, and cream. | $2 | +4% | $220M | $282M | 2.8x | 15.4x | ||
| Balsu Gida Sanayi Ve Ticaret AS operates in food industry. The company's product ranges from natural hazelnuts, chopped hazelnuts, roasted hazelnut kernels, blanched hazelnut kernels to hazelnut paste and hazelnut flour. | $0 | -65% | $196M | $481M | 1.0x | 11.0x | ||
| Kayseri Seker Fabrikasi AS engages in the production and trade of crystal, granulated and cube sugar, wet pulp, dry pulp, molasses, dried pulp with molasses, limestone, electricity production, and trade of seeds and fertilizers which are by-products of the sugar industry. | $0 | -39% | $185M | $532M | 1.1x | 364.0x | ||
| Tukas Gida Sanayi ve Ticaret AS is a Turkey-based company operates the food business. It is primarily involved in the production and distribution of vegetable and fruit products in Turkey. Its products include tomato and pepper paste; canned products, Pasta Sauce, Pickles, etc. | $0 | -41% | $179M | $297M | 1.7x | 8.4x | ||
| Ofis Yem Gida Sanayi ve Ticaret AS operates in the Other Animal Food Manufacturing industry. The company's line of business includes the manufacturing of prepared feeds and feed ingredients for animals and fowls. | $1 | -33% | $165M | $270M | 0.7x | 10.8x | ||
| Yayla Agro Gida Sanayi Ve Ticaret Anonim Sirketi engages in manufacturing various food and grains. It focuses on producing, cleaning, and polishing rice and other food products. The firm offers package rice, bulghur, lentil, beans, chickpea, kidney beans, and corn products. | $0 | -43% | $161M | $405M | ||||
| Akhan Un Fabrikasi ve Tarim Urunleri Gida Sanayi Ticaret AS is engaged in industrial wheat milling and the production and trade of wheat-based food products. It manufactures bakery flour for bread and general baking, noodle flour for pasta production, biscuit flour for cookies and crackers, and chapati flour for flatbreads. | $1 | -- | $160M | $223M | ||||
| Besler Gida ve Kimya Sanayi ve Ticaret AS manufactures in the fields of frozen food, canned food and oil and carries out the sales and marketing of these products in Turkiye and foreign markets. The products in the frozen product category are; bakery products, vegetable and fruit products, potato and croquette products, meat products, dessert, frozen bakery products and ready-made food products. Canned product categories are; canned tuna, vegetable and ready-made food canned food. In the oil field, sunflower and margarine production is made. | $0 | -34% | $145M | $274M | ||||
| Meysu Gida Sanayi Ve Ticaret AS is engaged in producing fruit juice and similar beverages under the "Meysu" brand. The company's product portfolio include Coffee, Fruit juice, Fruit Nectar, Fruit Drinks, Active Health, Energy Drink, Ice Tea, Lemonade, Frutbox, Sherbet and Fizzy Drinks. Geographically, it serves various countries including Asia, Europe, America, and Africa. | $0 | -- | $143M | $153M | ||||
| Gundogdu Gida Sut Urunleri Sanayi ve Dis Ticaret AS is engaged in production of cheese. The company produces cheese products such as Kashar Cheese, Local Cheese, Sliced and Grated Cheese, Mozzarella Cheese, and Special Cheese. | $3 | +44% | $108M | $95M | ||||
| Bor Seker AS is a company whose main activities are producing and trading crystal, granulated and cube sugar, fresh pulp, which is a by product of the sugar industry, dry pulp, molasses, dry molasses pulp, limestone, electricity production and trade of seeds and fertilizers. The products produced by the company are as follows which are crystal sugar, cube sugar, molasses, beet pulp. | $0 | -21% | $105M | $114M | ||||
| Ulusoy Un Sanayi ve Ticaret AS is engaged in the manufacture, trade, import, and export of foodstuffs such as flour, semolina, pasta, and biscuits produced from cereals and legumes. The Company operates through the Wheat and Flour Trade and Licensed Warehousing Services segments and offers products under the U Plus, U Pro, and U Chef brands. | $0 | -27% | $101M | $79M | ||||
| Goknur Gida Maddeleri Enerji Imalat Ithalat Ihracat TicaretVeSanayi AS produces packaged food products. The firm's product offerings comprise canned fruits and vegetables, juices, puree concentrate, Dried Seeds, Natural Peel Oils, Natural Fruit FTNF, Fresh Fruits, and deionized products. | $0 | -48% | $100M | $131M | ||||
| Atakey Patates Gida Sanayi Ve Ticaret AS manufacture, supply, wholesale, and retail, import, and export all kinds of potato products, especially frozen coated potatoes. Its products comprise Coated Potato Slices, French Fries (7 x 7), Crinkle Potatoes, Coated Crinkle Potatoes, Coated Cage Potatoes, and Red Coated Cage Potato. | $1 | -49% | $91M | $83M | ||||
| Ozsu Balik Uretim AS operates as a fish processing company. The firm offers sea bream, sea bass, and other packed products. | $1 | +67% | $89M | $114M | ||||
| Segmen Kardesler Gida Uretim ve Ambalaj Sanayi AS is engaged in producing healthy and reliable food products. The product offering of the company includes traditional jam, diabetic and sugar-free jam, honey, halva, diabetic halva, marmalades, hazelnut paste, tahini, molasses, Turkish delight, tahini molasses, spices, and legumes to the tables without adding any additives or preservatives. The company combines its traditional flavors with technology and offers its products in a healthy way. | $0 | -7% | $87M | $81M | ||||
| Metro Ticari ve Mali Yatirimlar AS is engaged in processing food. It slaughters cattle and fowl and produces fresh meats and delicattessen meats. | $0 | +7% | $82M | $81M | ||||
| Tat Gida Sanayi AS is involved in the food sector. The company is engaged in production, distribution, marketing, the domestic and foreign trade of food, beverage, juice, agricultural and animal products, frozen foods, dried goods, sweet and sugar free juice and canned goods. Its segments include Tomato paste and canned foods; and Milk and dairy products. The company generates maximum revenue from the Milk and dairy products segment. | $0 | -1% | $80M | $134M | ||||
| Pinar Sut Mamulleri Sanayii AS is a Turkey-based company that operates in the packaged food business. The activities of the groups include processing, production, and sale of milk, dairy products, sauces, fruit juice, and powder products. It operates through the Labne, Klasik, Mangal Keyfi, Solen, Cocuk, Kido, and other brands. Geographically activities are conducted through the region of Turkey. | $0 | -32% | $65M | $187M | ||||
| Pinar Entegre ET ve Un Sanayi AS is engaged in the production of meat and by-products of cattle, sheep, poultry and fish, frozen dough and packaged food. Its brand profile includes Pinar Kido, Pinar Çocuk, Pinar Doyum, Pinar Breakfast Pleasure, Pinar Pizzatto, Pinar Go, Pinar Classic, Pinar Grill Fun and others. Along with it the company also focuses on education, sports, and art. | $0 | -36% | $61M | $138M | ||||
| Kutahya Seker Fabrikasi AS is a sugar production company. | $1 | -25% | $59M | $56M | ||||
| Soke Degirmencilik Sanayi Ve Ticaret provides packaged food products. The product range consists of flour, gluten-free flour, grain flour, professional flour, and bread flour mixes. | $0 | -47% | $57M | $43M | ||||
| Eksun Gida Tarim Sanayi ve Ticaret AS is engaged in the manufacturing, trading, import, export, and transit trade of all types of flour and flour-based products, fortified flour, muesli bases, flour mixes, complete mixes or premixes, starch, baking aids, various food additives, and confectionery products. The Group supplies its products to both domestic and international markets by managing the entire value chain: the procurement and storage of domestic and imported wheat; its processing into flour; its packaging under both the Group's own brands and private labels-as well as subsequent shipment, sales, collections, and post-sales quality support operations. | $0 | -42% | $54M | $95M | ||||
| Dardanel Onentas Gida Sanayi AS is a Turkey-based company involved in the manufacturing of canned food. It produces Tuna Fish, Ready to serve Food, Salmon, Chilled Products and Corn among other products. | $0 | -64% | $53M | $53M | ||||
| Yaprak Sut ve Besi Ciftikleri Sanayi Ve Ticaret AS is a Turkey-based company that is engaged in the milk and meat productivity business. | $0 | -44% | $52M | $49M | ||||
| Elite Naturel Organik Gida Sanayi ve Ticaret AS is engaged in manufacturing of fruit based beverages. Its products include Karadut Sayu, Skinny, Super Chia, Merry Berry, Tropic Breeze, Mor, Turuncu, and Well Greens. | $0 | -51% | $51M | $52M | ||||
| Pinar Su Ve Icecek Sanayi Ve Ticaret AS is engaged in water filling, PET bottle production, carbonated and non-carbonated fruit beverage production, and the sale of water under the brand name Pinar Yasam Pinarım. | $0 | -47% | $50M | $63M | ||||
| Golda Gida Sanayi ve Ticaret AS manufactures, trades, imports, and exports all types of flour, semolina, pasta, biscuits, wafers, legumes, and related by-products. It also engages in the wholesale and retail purchase, sale, manufacturing, import, and export of all types of grocery commodities. The Company's main product groups are pasta, flour, semolina, legumes, and biscuits and wafers. At the same time, the Company also sells some of the by-products obtained from the production of these products (bran and bran varieties). | $0 | -- | $42M | $38M | ||||
| Etiler Gida ve Ticari Yatirimlar Sanayi ve Tica ret AS is engaged in the wholesale and retail of food products such as burgers, drinks, meatballs, sandwiches, toasts and waffles. It also operates hotels and restaurants. | $0 | +32% | $36M | $47M | ||||
| Frigo Pak Gida Maddeleri San Ve Ticaret AS is a food producer and exporter. The company manufactures gas and non-carbonated beverages, fruit juice, canned, frozen food as well as puree and sauces. It exports its products to more than 10 countries. The company products include sunpride, sunpride organic, strawberry canned, Erik canned food, mexican beans, and sour cherry. | $0 | -17% | $36M | $44M | ||||
| Vanet Gida Sanayi Ic ve Dis Ticaret AS a supplier of various meat and deli products. Its products include meat carcass, turkey products, sausage, pastrami, ham, tripe, and a range of other meat products. | $1 | +36% | $36M | $36M | ||||
| Ensari Sinai Yatirimlar AS operates in the leather manufacturing and food sectors. | $0 | -90% | $32M | $40M | ||||
| Kristal Kola Ve Mesrubat Sanayii Ticaret AS is engaged in manufacturing beverages in Turkey. Its activities include manufacturing, bottling and marketing of non-alcoholic beverages, including carbonated soft drinks, mineral and spring water, iced tea and fruit juices. | $0 | -45% | $29M | $31M | ||||
| Durukan Sekerleme Sanayi ve Ticaret AS operates as a distributor, wholesaler, and supermarket owner in the food sector. It specializes in various confectionery products such as Candies, Chocolate, Snacks and Bakery Products. | $0 | -45% | $27M | $55M | ||||
| Penguen Gida AS processes food. The company product categories include jam, preserved vegetables, ready meals, preserved boiled legumes, tomato and pepper paste, pickles and frozen food. It exports its product to Germany, the USA, France, the Netherlands, Switzerland, Russia, Sweden, and other countries. | $0 | -33% | $25M | $45M | ||||
| Selva Gida Sanayi AS is engaged in the manufacturing of food, beverages and tobacco. Its products include pasta, wheat flour, catering, semolina, bulgur, and other healthy products. | $0 | -57% | $24M | $42M | ||||
| Fade Gida Yatirim Sanayi Ticaret AS is engaged in the production of packaged food products. The company provides salted or sulphured sun-dried tomatoes and other organic products. | $0 | -38% | $19M | $21M | ||||
| Merko Gida Sanayi Ve Ticaret AS operates as a tomato processor. The company's products are categorized as Aseptic Chopped Tomatoes, in a tin box Chopped Tomatoes, and tomato juice concentrate. | $0 | -57% | $17M | $23M | ||||
| AVOD Kurutulmus Gida ve Tarim Urunleri Sanayi Ticaret AS is engaged in the production and wholesale trade of dried vegetables and derivatives. Its products include tomatoes, capsicums, eggplants, olives, capers, a wide range of peppers, honey and herbs. | $0 | -44% | $16M | $40M | ||||
| Ersu Meyve ve Gida Sanayi AS is engaged in manufacturing concentrate and pulp juices in Turkey. The product offerings of the company include Pear juice concentrate, Quince juice concentrate, Blackberry juice concentrate, Apple juice concentrate, Pear puree, Strawberry puree, and Tomato Paste among others. | $0 | -25% | $13M | $10M | ||||
| Orcay Ortakoy Cay Sanayi Ve Ticaret AS is a tea production company. Its products include packaged teas and gift teas. | $0 | -48% | $12M | $27M | ||||
| Casa Emtia Petrol Kimyevi Ve Turevleri Sanayi Ticaret AS is engaged in production of fish flour / fish oil. The company engages in juvenile fish and fish breeding. Its activity also includes real estate buying and selling. | $1 | -58% | $4M | $4M | ||||
| Median | $0 | -38% | $85M | $95M | 1.1x | 8.0x |
Financial data powered by FactSet and Morningstar. Valuation multiples as of current fiscal year. For more data, start your free trial here.
Recent Insights
Start Your
Free Trial Today
Try Multiples for free for 3 days. Got questions or need a demo? Schedule a call with us below.