Nestlé Lanka

Nestlé Lanka delivers seven.4 % growth, LKR nineteen billion sales in H1 2016

Shivani Hegde, Nestlé Lanka Managing Director: “We have delivered steady results for the primary six months of the year despite a really difficult business setting. With the launch of vital product innovations and renovations, we have a tendency to aim to thrill shoppers with merchandise that provide Nutrition Health and upbeat. As we have a tendency to mark a hundred and ten years of our operations in land, we glance forward to enriching the lives of the area people with worthy initiatives that demonstrate our deep bond with native shoppers and robust commitment to the country.”

Financial results

Nestlé Lanka PLC has recorded a revenue of LKR nineteen billion for the primary six months of the year, posting a growth of seven.4% and a lucre of LKR a pair of.5 billion.

The Company featured stiff price challenges as well as adverse exchange rates, the impact of that was minimised through economical price optimization across the worth chain and strategic readying of resources to key brands.

Business review

Nestlé continuing to introduce variety of product innovations and renovations. the corporate launched Nespray FortiGrow, a Hi-Calcium milk drink created with native contemporary milk, to support the organic process desires of school-aged kids. giving a delicious vanilla style, the merchandise is enriched with atomic number 20 and alternative essential nutrients like iron, zinc, and vitamins.

Milo powder, that has the goodness of milkshake barley, iron, B-vitamins and atomic number 20, was additional increased with a singular combination of varied nutrients, to permit optimum unharness of energy. Maggi Chicken, Curry and Devilled Noodles were additionally restored with common home ingredients like spices and vegetables, illustrious for his or her goodness. These renovations area unit a part of the Company’s current efforts to make sure that its merchandise provide a superior organic process profile.

110 years in land and one hundred fifty years of world presence

To celebrate ‘150 years of passion for nutrition’, Nestlé Lanka has launched a upbeat Pledge across one hundred fifty cities, encouraging shoppers and key stakeholders to pledge to measure an energetic manner. the corporate also will conduct good condition camps across the country with the Ministry of Education, to encourage around one hundred fifty,000 kids to be additional physically active.

Nestlé additionally re-affirmed its commitment to developing native farm farmers with the launch of ‘Nestlé Kiri Govi Udanaya’. the primary such event was control in Anuradhapura, attended by the Minister of Rural Economic Affairs. over three,000 farmers can have the benefit of milking instrumentality, and can receive coaching on fashionable technologies and best practices to provide additional milk of top quality. the corporate plans to roll out additional initiatives to commemorate its day of remembrance throughout the year.