Berli Jucker / Big C
Berli Jucker (SET: BJC) is TCC Group's diversified retail, consumer-packaged-goods, industrial-packaging, healthcare operator, founded 1882 and one of Thailand's oldest publicly-listed companies. Charoen Sirivadhanabhakdi family (TCC Group) acquired majority control mid-2010s. FY2024 consolidated revenue ~THB 160-170B. Big C Supercenter is the flagship modern-trade retail arm — ~150+ hypermarkets, mini-supermarkets, convenience formats across Thailand, Vietnam, Cambodia, Laos. Other segments: consumer-packaged-goods (household, personal-care brands), packaging (glass bottles, cans, corrugated), healthcare, pharmaceutical supply, technology, industrial. Sits inside the TCC Group portfolio alongside Thai Beverage (SGX: ThaiBev), Asset World Corporation (SET: AWC), Frasers Property Thailand (SET: FPT).
Snapshot
Headline numbers a buyer checks first.
FY2024 revenue
~THB 160-170B
FY2024
Big C stores
~150+
Thailand, regional
Ticker
SET: BJC
Listed since 1975
Parent
TCC Group
Charoen Sirivadhanabhakdi
What this company actually does
Berli Jucker operates five business segments: Modern Retail (Big C Supercenter, Mini Big C, Big C Pharmacy, Big C Depot); Consumer-Packaged-Goods (household, personal-care, snack brands including Cellox, Tasto, Campina); Packaging (glass container manufacturer, corrugated-box, multi-layer flexible packaging); Healthcare, Technical (pharmaceutical distribution, medical devices, laboratory supplies); Technology, Industrial (engineering products, power systems). Big C modern-trade is the revenue anchor; consumer-packaged-goods, packaging provide diversification, cross-selling.[]
Strategic positioning: BJC is the TCC Group modern-trade, consumer-products arm, competing with Central Retail (CRC) in hypermarkets, department stores and with CP Axtra (Makro, Lotus) in wholesale, hypermarkets. Big C's Vietnam, Cambodia, Laos expansion provides regional-footprint diversification that pure-Thailand peers lack. E-commerce integration through Big C Online, third-party platform partnerships (Shopee, Lazada, LINE MAN) captures omnichannel demand without building independent platform infrastructure.[]
Five segment architecture
Modern retail (Big C)
~150+ Big C Supercenter hypermarkets, Mini Big C convenience stores, Big C Pharmacy, Big C Depot formats across Thailand, Vietnam, Laos, Cambodia.
Consumer-packaged goods
Household, personal-care, snack brands including Cellox tissue, Tasto snacks, Campina dairy. Supplied through BJC distribution to modern trade, wholesale.
Packaging (glass, corrugated)
Glass container manufacturing (beer bottles, food jars), corrugated boxes, multi-layer flexible packaging. Major customer base: ThaiBev, CPF, regional FMCG.
Healthcare and technical
Pharmaceutical distribution, medical devices, laboratory supplies. Stable, recurring margin; less cyclical than retail.
Technology and industrial
Engineering products, power systems, industrial solutions. Niche but high-margin B2B segment.
TCC Group position
BJC is TCC retail and CPG arm alongside ThaiBev (beverages), Asset World (hotels), Frasers Property Thailand (warehousing, offices). Charoen Sirivadhanabhakdi family control.
TCC Group listed entities at a glance
The publicly-listed companies within Charoen Sirivadhanabhakdi's TCC Group conglomerate.
| Company | Ticker | FY2024 revenue | Focus |
|---|---|---|---|
| Berli Jucker / Big C | SET:BJC | ~ $4.78B | Retail, CPG, packaging |
| Thai Beverage (ThaiBev) | SGX:Y92 | ~ $8.41B | Beer, spirits, beverages |
| Asset World Corporation | SET:AWC | ~ $637.7M | Hotels, mixed-use, retail |
| Frasers Property Thailand | SET:FPT | ~ $231.9M | Warehouse, office, residential |
Watchpoints
Big C same-store-sales, traffic
Modern-trade hypermarket traffic vs convenience, e-commerce substitution.
Vietnam, Cambodia regional retail
Regional-footprint diversification vs Thailand-peer concentration.
Packaging, CPG cross-sell
Intra-segment supply dynamics, TCC Group captive-supply synergies.
TCC portfolio allocation
Parent-level M&A, dividend policy affects BJC standalone valuation.
Related Market profiles
Peers, parents, partners, agencies, and other E-commerce & Digital Commerce actors.
Competitor
Central Retail Corporation
Fellow listed Thai modern-trade retailer.
Open Market profile →
Partner
Asset World Corporation
TCC Group sister company (hotels, mixed-use).
Open Market profile →
Partner
Frasers Property Thailand
TCC Group sister company (warehouse, office, residential).
Open Market profile →
Sector peer
CP ALL (7-Eleven Thailand)
7-Eleven Thailand franchisee; ~14,000 stores (ASEAN's largest convenience chain); FY2024 revenue ~ $27.8B; CP Group flagship.
Open Market profile →
Sources + data provenance
Every filing, filing-adjacent register, or trusted industry source cited in this profile.
Berli Jucker (SET: BJC) FY2024 Form 56-1, Big C Supercenter integration
| Source | Publisher | Grade | As of |
|---|---|---|---|
| Berli Jucker (SET: BJC) FY2024 Form 56-1, Big C Supercenter integration | Berli Jucker PCL | Primary | 2025-03-31 |
Reports featuring this profile
Thailand CP All / 7-Eleven Economics: Store Density, Unit Economics, Franchise Concession
Big C is the second-largest hypermarket competitor to CP Axtra Lotus's; Mini Big C is a convenience adjacency to 7-Eleven.
Open report →
Sits alongside 3 other Atlas profilesThailand E-commerce Market Intelligence
TCC Group retail, CPG; Big C Supercenter; ~THB 160-170B FY2024 revenue.
Open report →
Sits alongside 11 other Atlas profilesThailand Packaging Market Intelligence
Glass bottle, can, corrugated packaging segment.
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Sits alongside 3 other Atlas profilesThailand Modern Trade Retail Market Intelligence
Big C hypermarket, TCC Group consumer-goods, packaging platform; ~5% Thai listed retail share.
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Sits alongside 5 other Atlas profilesThailand Food Processing Technology Market Intelligence
BJC packaging, food-related manufacturing supply chain.
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Sits alongside 3 other Atlas profilesThailand Paper & Pulp Market Intelligence
BJC packaging division includes paper-based cartons, food packaging.
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Sits alongside 2 other Atlas profilesThailand Convenience Store Economics Deep Dive
BJC Big C Mini CVS; 550+ stores within BJC retail, distribution platform.
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Sits alongside 4 other Atlas profilesThailand Modern Trade Private Label Deep Dive
Big C private label (Happy Price, Big C brand).
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Sits alongside 3 other Atlas profilesThailand Online Grocery & Q-Commerce Deep Dive
Big C Online hypermarket online.
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Sits alongside 3 other Atlas profilesThailand Beauty, Skincare Deep Dive
Big C beauty, drug aisle mass-market retail.
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Sits alongside 3 other Atlas profilesThailand Truck Fleet, Leasing, Express Trucking Deep Dive
BJC, Big C distribution truck fleet.
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Sits alongside 5 other Atlas profilesThailand Cigarette, Tobacco Export Deep Dive
BJC, Big C cigarette, tobacco retail.
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Sits alongside 2 other Atlas profilesThailand FMCG Distribution, Wholesale Deep Dive
BJC FMCG distribution, Big C retail, cross-border.
Open report →
Sits alongside 6 other Atlas profilesRelated Market profiles
competitor
Central Retail Corporation
Omnichannel incumbent defending digital share against marketplace platforms.
partner
Asset World Corporation
TCC Group (Charoen Sirivadhanabhakdi) hotel, retail, mixed-use real-estate platform; FY2024 revenue ~THB 20B.
partner
Frasers Property Thailand
Frasers Property Thailand JV warehouse, office, residential platform; ~2M sqm warehouse stock.