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Nestlé Lanka Plc said yesterday it had delivered revenue of Rs. 9.2 billion with a YoY growth of 7.3% for the first quarter ending 31 March 2015, despite a very challenging and volatile environment. The company posted a profit after tax of Rs. 1.2 billion.
The first quarter of 2015 witnessed two new product launches, reflecting the company’s commitment to leveraging global R&D capabilities to address local taste pr
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Nestlé Lanka PLC Managing Director Shivani Hegde |
eferences. Maggi Devilled X-Tra Green Chilli Noodles, containing real green chilli, was the first of its kind to enter the local market. Nestlé Professional continued to provide solutions to the out-of-home sector, with the introduction of Nestlé Docello, an exciting range of dessert solutions that offers great taste and convenience. As a company that is committed to being the leader in nutrition, health and wellness in Sri Lanka, Nestlé strongly believes that in addition to having a well-balanced diet, it was equally important to maintain an active lifestyle, for a better quality of life. Following an understanding of the lack of sufficient physical activity amongst schoolchildren, Nestlé Lanka entered into a partnership with the Ministry of Education and the Athletic Association of Sri Lanka to launch the global ‘IAAF Kids’ Athletics’ program, with an aim to promote a physical activity module amongst primary schoolchildren across the country.
“The first quarter of the year was eventful both in terms of product innovations and in driving our Nutrition, Health and Wellness (NHW) commitments across Sri Lanka,” said Shivani Hegde, Managing Director of Nestlé Lanka Plc.
“We remain focused on innovating and renovating our portfolio to meet the changing lifestyles of our local consumers and will continue to drive growth momentum by investing in our brands and our people,” she added.
The company continues to be the largest private sector collector of fresh milk in Sri Lanka, collecting directly from farmers, and uses locally-produced fresh milk for its dairy-based products such as Nespray, Milo and Milkmaid.
