Press Release
VIS Reaffirms Entity Ratings of Ana & Batla Industries (Private) Limited
Karachi, September 24, 2026: VIS Credit Rating Company Limited (VIS) reaffirms entity ratings of Ana & Batla Industries (Private) Limited at ‘BBB+/A2’ (Triple B Plus/A two). The medium to long term rating of 'BBB+' indicates adequate credit quality; Protection factors are reasonable and sufficient. Risk factors are considered variable if changes occur in the economy. The short-term rating of 'A2' signifies good likelihood of timely repayment of short-term obligations with sound short-term liquidity factors. Outlook on the assigned rating is ‘Stable’. Previous rating action was announced on August 29, 2025.
Ana & Batla Industries (Private) Limited was incorporated as a private limited company in 2016 and is engaged in the personal hygiene and healthcare segment. The company is mainly focused on the production and sale of baby diapers and is also engaged in the production and trade of sanitary napkins, wipes, body razors, toothbrushes, bandages, gauze, chemicals, and reagents. The Company’s registered office is situated in Karachi, while its manufacturing operations are conducted through two facilities located in the Landhi Industrial Area, Karachi. One facility is owned by the Company, whereas the other is held under a rental arrangement. ABI primarily serves the domestic market and has established a nationwide distribution presence through products positioned across different price segments.
The assigned ratings reflect the Company’s relatively conservative capital structure in a fairly competitive industry dominated by both local and global players. The price sensitive nature of the market constrains the overall gross margins of the industry making it a high-volume business in order to generate profitability. Sponsor support through interest free loans is a significant comfort for the ratings by reducing the debt servicing requirements of the company where increase in debt servicing requirements can have a considerable impact due to the low margin nature of the business.
The Company’s brands are amongst the local brand leaders in its segment. The Company continues to strengthen its product offering through enhanced packaging, promotional activities, and improved shelf visibility, supporting growth momentum. They are also investing in BMR and replacement of old machinery as cashflows allow to ensure both efficiency and quality in production.
For further information on this ratings announcement, please contact on 021-35311861-64 or email at info@vis.com.pk.
Applicable Rating Criteria:
Industrial Corporates
https://docs.vis.com.pk/Methodologies-2026/Corporate-Rating-2026.pdf
VIS Issue/Issuer Rating Scale
https://docs.vis.com.pk/docs/VISRatingScales.pdf