Karachi March 16 2022: Nestlé Pakistan planned investments of approximately PKR 3 billion for 2022, primarily in respect of operational reliability and capacity increase in order to meet consumer demands, as per company filling at exchange.
Company made investments of PKR 2.6 billion, including expansion projects, in 2021 includes capital expenditure of PKR 1.181 billion at Sheikhupura Factory, PKR 485 million at Kabirwala Factory and PKR 496 million to strengthen company’s supply chain.
Despite the challenges caused by the pandemic, the company continued its journey towards recovery, recording a revenue growth of 12.2 percent versus 2020. This was achieved through undisrupted supply and availability of products, numeric distribution expansion and innovation and renovation initiatives supported by investments behind the brands. Volume growth, cost savings initiatives across the value chain and portfolio and pricing management contributed to the improvement in profitability.
Nestlé is a Good Food, Good Life company, and our Purpose – to unlock the power of food to enhance quality of life, today and for generations to come – is embedded in everything we do. Despite the pandemic, we drove innovation to create products that are right for consumers and positively contribute to public health and the environment. We adapted quickly and worked diligently across the company which helped us stand out from the competition.
In 2021, company launched a number of products across various categories. Company introduced a range of innovative coffee products in RTD and 3in1, new sparkling drinks under our premium NESTLÉ FRUITA VITALS brand, and introduced a new PET single-serve format for the premium Gold Range. Dairy brought in an exciting new launch in the form of EVERYDAY KASHMIRI CHAI and in Waters, we added NESTLÉ PURE LIFE ACTIVE into 5-gallon format, owing to the encouraging response on ACTIVE 230ml SKU launch.
Nestle Pakistan introduced a breakthrough solution in NIDO GUFs Nutritods with No Added Sucrose along with affordable nutrition offerings in growing-up formula and baby food categories. We also had a wide range of launches by Nestlé Professional, across the portfolio, addressing the needs of our OOH customers.
