Kolmar Korea is forecast to achieve record quarterly results in Q2, driven by strong cosmetics export performance. Eight major domestic securities firms estimate Q2 revenue at 826.3 billion won and operating profit at 94.1 billion won, representing year-over-year increases of 13.07% and 28.04% respectively. Growth is attributed to expanded orders from major domestic indie brand clients centered on suncare and basic skincare products, alongside increased volume from global clients. Korea's overall cosmetics export growth rate in Q2 aligns with Kolmar Korea's standalone revenue growth, demonstrating sustained rather than peak performance according to NH Investment & Securities researcher Jung Ji-yoon.
Domestic Division Records 20%+ Growth on Indie Brand Strength
Yeonhap Infomax surveyed eight major securities firms that submitted reports within the past month. Revenue estimates range from 818 billion won to 831.8 billion won, while operating profit estimates span 90.3 billion won to 97 billion won. Securities firms estimate the domestic division's Q2 revenue exceeded 400 billion won, marking over 20% growth. Jung Ji-yoon of NH Investment & Securities stated that the company's standalone revenue growth rate tracks Korea's total cosmetics export growth, proving sustainable rather than peak performance.
K-Suncare Bestsellers Manufactured via Kolmar ODM
According to IBK Securities, most K-suncare hit products ranking high on Amazon bestseller lists are manufactured through Kolmar Korea's Original Design Manufacturing (ODM) model. Examples include Beauty of Joseon's "Clear Rice Sunscreen," Round Lab's "Birch Juice Moisturizing Sunscreen," and d'Alba's "Waterfull Tone-up Sunscreen." Global export volumes from high-growth indie brands such as Round Lab and Dr. Althea are concentrated at the domestic division, driving order momentum. IBK Securities researcher Cho Kyung-jin analyzed that the company is departing from past seasonal patterns where orders slowed after Q2 peaks, with robust order flow expected to continue through the second half.
North American Division Remains Below Breakeven
The North American division's underperformance is expected to persist. Yugen Investment & Securities researcher Lee Hae-ni projected that quarterly revenue of 30 billion won represents the breakeven point, and the U.S. division's return to profitability will be difficult to achieve this year.
Analysts Raise Target Prices Following Forecast Upgrade
Securities firms raised target prices in response to improved earnings forecasts. SK Securities increased its target from 120,000 won to 140,000 won (16.7% increase), while Yugen Investment & Securities raised its target from 120,000 won to 135,000 won (12.5% increase). IBK Securities initiated coverage with a 150,000 won target price. Kolmar Korea is scheduled to announce Q2 results on the 12th.
FAQ
What revenue and profit did analysts forecast for Kolmar Korea's Q2?
Eight major domestic securities firms estimate Q2 revenue at 826.3 billion won and operating profit at 94.1 billion won, representing year-over-year increases of 13.07% and 28.04% respectively.
Which K-suncare products are manufactured by Kolmar Korea?
According to IBK Securities, most K-suncare bestsellers on Amazon are Kolmar ODM products, including Beauty of Joseon's "Clear Rice Sunscreen," Round Lab's "Birch Juice Moisturizing Sunscreen," and d'Alba's "Waterfull Tone-up Sunscreen."
When will Kolmar Korea announce Q2 results?
Kolmar Korea is scheduled to announce Q2 results on the 12th.
