Comparison of Pieno Žvaigždės and Vilvi Group 2026 Q1 results

Verslo Žinios featured PLY Markets insights on the results of two Lithuanian dairy processors, Pieno Žvaigždės and Vilvi Group, in its Baltic stock exchange daily market review.

Insights highlighted in the Verslo žinios review:

• Vilvi Group continues to trade at a premium, reflecting higher growth expectations, with 11.6x P/E (23x excluding other operating income) and 16.4x EV/EBITDA, compared with 9.6x P/E and 5.9x EV/EBITDA for Pieno žvaigždės.
• Pieno Žvaigždės quarterly revenue remained stable, but a 10% decline in cost of sales lifted gross margin to 27%. Gross profit jumped 43% YoY. Net profit reached €3.1M, up from just €0.2M a year ago. The result also slightly exceeded the company’s previous Q1 record of €2.8M, set in 2023. One negative aspect was the 18% YoY increase in operating expenses.
• Vilvi Group reported a 22% YoY increase in revenue, largely due to the consolidation of the canned milk business. Gross margin declined from 10% to 6%, and on top of that, operating expenses climbed 82% YoY.

Full PLY Markets comment: Pieno žvaigždės 2026 Q1 financial review: outperformed Vilvi Group in profitability.

Verslo žinios June 1, 2026 review: Baltijos birža: „Pieno žvaigždžių“ rezultatai išryškino patrauklesnį įvertį už „Vilvi Group“.