Nestle Lanka has recorded a revenue of Rs. 27.8 billion for the first nine months of the year, posting a growth of 6.1% and net profit of Rs. 3.5 billion.
The Company faced stiff cost challenges and volatile market conditions, the impact of which was minimised through cost optimisation measures and consumer led initiatives providing more value.
Nestle Lanka Managing Director, Shivani Hegde said the steady performance is a result of the trust consumers place in their products.”We have once again reaffirmed our position as a leading and respected company, committed to enhancing the quality of life of the people of Sri Lanka, through our strong brands and rural development initiatives.”
Leveraging the Nestle group’s strong R&D capability and Nestle Lanka’s expertise in understanding local consumer preferences, the company launched Nescafe‚ 3 in 1 coffee mix, offering coffee lovers a product perfected to give the right taste and aroma.
The company continued to invest in Sri Lanka and recently invested around Rs. 500 mn in a new state-of-the-art milk processing and packing facility at its factory in Pannala, demonstrating its commitment towards enhancing local fresh milk usage.
The Company faced stiff cost challenges and volatile market conditions, the impact of which was minimised through cost optimisation measures and consumer led initiatives providing more value.
Nestle Lanka Managing Director, Shivani Hegde said the steady performance is a result of the trust consumers place in their products.”We have once again reaffirmed our position as a leading and respected company, committed to enhancing the quality of life of the people of Sri Lanka, through our strong brands and rural development initiatives.”
Leveraging the Nestle group’s strong R&D capability and Nestle Lanka’s expertise in understanding local consumer preferences, the company launched Nescafe‚ 3 in 1 coffee mix, offering coffee lovers a product perfected to give the right taste and aroma.
The company continued to invest in Sri Lanka and recently invested around Rs. 500 mn in a new state-of-the-art milk processing and packing facility at its factory in Pannala, demonstrating its commitment towards enhancing local fresh milk usage.
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