Nestlé Lanka 1Q revenue up 7% to Rs.9.2 bn

Nestlé Lanka PLC delivered a revenue of Rs. 9.2 billion with a YoY growth of 7.3 percent for the first quarter ending 31 March 2015, despite a very challenging and volatile environment. The company posted a profit after tax of Rs. 1.2 billion. 
“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. 
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.