Nestlé Lanka Delivers Good Topline and Bottomline Growth for Q2 2014

To Press Releases listAug 8, 2014

Nestlé Lanka Delivers Good Topline and Bottomline Growth for Q2 2014

First half indicates solid financial performance

H1 Highlights:

  • Revenue of LKR 16.7 billion, with a revenue growth of 9.1% (YoY)
  • Renovates the nutritional profile of Maggi Classic noodles range to include Vitamin A fortification
  • Nestlé Professional revolutionizes the premium coffee solutions market with the launch of Nescafé Alegria

Nestlé Lanka PLC, Sri Lanka's leading Nutrition, Health and Wellness Company, recorded a revenue growth of 7.1% (YoY) for Q2 2014, posting a total revenue of Rs. 8.1 billion in the second quarter of the year.

The Company announced a net profit of LKR 976 million for the quarter benefitting from stable currency and commodity prices.

The second quarter for the year 2014 saw Nestlé continue to uphold its commitment as a leader in nutrition, health and wellness by fortifying its Maggi Chicken noodles and Maggi Curry noodles with Vitamin A, in celebration of the brand's 30th anniversary. Addressing the prevailing micronutrient deficiency of Vitamin A in Sri Lanka, this latest nutritional enhancement and follows the range's Calcium fortification in 2009 and the inclusion of vegetables in the noodles seasoning in 2012.

The food and beverage giant further enhanced its product portfolio with the launch of Nescafé Alegria, 'Café style coffee made magically simple'; a coffee solution which offers an authentic, premium barista coffee experience with the simplicity, convenience and speed of a classic coffee machine.

Nestlé also continued to remain steadfast to its commitment of creating shared value in Q2. The Company has rolled out many initiatives over the years via its Nestlé Healthy Kids programme to enhance theoretical knowledge on nutrition, health and wellness whilst promoting an active lifestyle amongst children in Sri Lanka. Further reinforcing this endeavour, Nestlé Lanka partnered with the International Association of Athletics Federation (IAAF) in May this year, to celebrate World Athletics Day by sponsoring selected activities to promote the importance of a healthy lifestyle.

"The second quarter of the year consisted of two important product innovations, namely the Maggi noodles range with Vitamin A fortification, a reaffirmation of our commitment towards providing 'tasty nutrition' to our consumers; followed by the launch of Nescafé Alegria, geared to add significant value to our existing portfolio. Despite continuous challenges in the marketplace, Nestlé Lanka has been successful in maintaining a good revenue growth and consolidating its position as a leader in Nutrition, Health and Wellness in the country. We remain cautiously optimistic while continuing our efforts to maintain our growth and performance for the remainder of the year," said Mr. Ganesan Ampalavanar, Managing Director of Nestlé Lanka PLC.