Grocery Retail: approx. 85%
Non-Food Retail: approx. 10%
E-Commerce: approx. 5%

Top 3 Markets:

1. Turkey: approx. 90%
2. Kazakhstan: approx. 5%
3. Azerbaijan: approx. 3%

Migros Ticaret A.S. generates the majority of its revenue in grocery retail, which represents the core area of the company. Non-food retail and e-commerce also contribute to the revenue, but to a lesser extent.

The main market for Migros Ticaret A.S. is Turkey, where the company has a strong presence and brand awareness. The expansion into international markets such as Kazakhstan and Azerbaijan demonstrates the company's strategy to increase its market share outside of Turkey.

Production Sites: Turkey (As of 2023)

Migros Ticaret A.S. is a leading retail company in Turkey, mainly operating supermarkets and consumer stores. The company itself does not produce its own products on a large scale, but distributes a variety of branded products as well as private labels.

Migros' private label products are typically produced by third-party suppliers within Turkey. These suppliers are often local manufacturers responsible for producing the private label products. Migros closely collaborates with these manufacturers to ensure quality standards and production requirements.

As Migros Ticaret A.S. is primarily engaged in retail, the company's focus is more on distribution and less on its own production.

Revenue Growth: 10% (estimated for 2026) Market Expansion: Planned opening of 50 new stores (2026)

Migros Ticaret A.S. is pursuing a growth strategy focused on geographical expansion and digitalization. The company plans to expand its presence by opening new stores in both urban and rural areas to reach a broader customer base.

In addition, Migros is investing in digitizing its business processes to increase efficiency and enhance the customer experience. This includes further developing the online platform and integrating technologies to optimize supply chains.

Another focus is on diversifying the product offering to meet changing consumer preferences. This involves introducing new product lines and strengthening the range of private labels.

Imported Raw Materials/Materials: Food, consumer goods, electronics

Main Import Countries: Germany, Italy, China, USA

Migros Ticaret A.S. imports a variety of raw materials and materials necessary for the operation of their supermarkets and the sale of consumer goods. Food and consumer goods make up a large part of the imports, with Germany and Italy being important European partners.

Electronics and other consumer goods are often imported from China, as the country is a significant manufacturer in this sector. The USA is also an important trading partner, especially for specialized consumer goods and technologies.

This import strategy enables Migros to offer a wide range of products and to flexibly respond to global trends and changes in demand.

Market share in the food retail sector: approximately 15% (2026, estimated)
Number of stores: over 2,500 (2026)
Revenue growth: 10% (2025)

Migros Ticaret A.S. is one of the leading food retailers in Turkey with a significant market share of about 15%. The company operates over 2,500 stores and has seen a consistent revenue growth of around 10% in recent years.

Migros' competitive advantage lies in its strong brand presence, extensive store network, and diversified product range. Additionally, the company has invested in digitalization and expanding its online business in recent years, helping it to compete in an increasingly digital market environment.

Another advantage is Migros' ability to offer competitive prices through efficient supply chains and purchasing conditions, which is crucial in a price-sensitive market like Turkey. The continuous focus on customer satisfaction and innovation further strengthens Migros' market position.

Institutional Investor Share: 45% (estimated for 2026)
Insider Buys/Sells: No significant transactions reported (2026)

The institutional investor share in Migros Ticaret A.S. is estimated to be around 45%. This demonstrates the confidence of institutional investors in the stability and growth potential of the company.

Regarding insider buys or sells, there have been no significant transactions reported for the year 2026 that could indicate a change in management or insider confidence in the company's future development. This could suggest a stable expectation regarding the company's performance.

Market share of Migros Ticaret A.S.: 15% (2026, estimated)

Main competitors and their market shares:

1. BIM Birleşik Mağazalar A.Ş.: 25%
2. A101 Yeni Mağazacılık A.Ş.: 20%
3. CarrefourSA: 10%
4. Şok Marketler: 8%
5. Metro Group: 5%

Moat of Migros Ticaret A.S.:

Migros Ticaret A.S. has a moderate moat, mainly supported by its strong brand recognition and extensive store network in Turkey. The company benefits from a loyal customer base and a diversified product offering that includes both private labels and international brands.

Compared to its competitors, BIM Birleşik Mağazalar A.Ş. has a stronger moat, supported by an extremely efficient business model and aggressive pricing strategies. A101 Yeni Mağazacılık A.Ş. follows a similar model and also has a significant advantage through its wide presence and cost-effective offerings.

CarrefourSA and Şok Marketler also hold strong market positions, but with different focuses. CarrefourSA relies on an international network and premium products, while Şok Marketler excels through aggressive expansion and pricing strategies.

Overall, Migros Ticaret A.S. has a solid, but not insurmountable moat. The competition is strong, especially due to the discount strategies of BIM and A101, which are very successful in Turkey. Migros must continuously invest in innovation and customer loyalty to maintain or expand its market share.

Revenue Growth: 10.5% (2025) Profit Growth: 8.2% (2025) Market Share in Turkish Grocery Retail: 15% (2025)

Migros Ticaret A.S. recorded a solid revenue growth of 10.5% in 2025, attributed to strong operational performance and successful expansion into new market segments. The 8.2% profit growth demonstrates the company's ability to increase profitability despite rising costs.

The company holds a significant market share of 15% in the Turkish grocery retail sector, highlighting its strong market position. This position enables Migros to benefit from domestic demand growth and compete against rivals.

Additionally, Migros is investing in digital transformation and e-commerce, which could lead to further growth opportunities in the long term. These strategic initiatives could help the company remain competitive in a rapidly changing retail landscape.

Overall, the financial performance and strategic direction suggest that Migros Ticaret A.S. could be an attractive investment opportunity, especially for investors interested in long-term growth.

Dividend payment: No dividend (2026)

Migros Ticaret A.S. has not paid any dividends to its shareholders in recent years. Instead, the company has focused on reinvesting its profits in growth and expansion. This strategy is typical for companies operating in a competitive market and aiming to strengthen their market position.

The reliability of dividend payment is therefore not guaranteed, as the company currently does not have a dividend policy. Investors should focus on potential capital gains and long-term growth potential rather than regular dividend payouts.