Nestlé Pakistan’s revenue records boost of almost 13%

Nestlé Pakistan’s revenue for the first half of the year was recorded at Rs. 65.8 billion, 12.7% higher compared to the same period last year. The revenue growth was broad-based supported by investments behind the brands, new product launches, and pricing management. Further, the growth also benefitted from the depressed base of last year which was impacted by strict lockdowns.

Volume growth, overheads control, and value chain cost optimization initiatives led to a 24.3% increase in the Company’s operating profit compared to the same period last year. The reduction in the financing costs contributed towards improvement in the net profit.

Despite all the challenges of the ongoing pandemic situation and rising input costs emanating from a surge in the commodity prices, the Company remains cautiously optimistic about its performance in the coming period on the back of strong brand equity and continuous initiatives for operational excellence supported by the highly committed workforce.