Nestlé Lanka maintains steady momentum in Q1 2015
View(s):Nestlé Lanka PLC said this week that revenue for first quarter 2015 at end-March was Rs. 9.2 billion, up 7.3 per cent from the previous year’s period despite a very challenging and volatile environment. Post-tax profit was Rs.1.2 billion.
The company said in a public announcement that the first quarter of 2015 witnessed two new product launches, reflecting the company’s commitment to leverage global R&D capabilities to address local taste preferences. Maggi Devilled X-Tra Green Chilli Noodles, containing real green chilli, is 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 offer great taste and convenience, it said.
“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 the growth momentum by investing in our brands and in our people,” she added.