广西南宁市蓝添化工有限公司

Headquarter: Chemical Industry Park, Economic Development Zone,  JiNan City,  ShanDong Province, China.

Phone +86-152 8958 7728

Angela@BlueSkytcca.com

Positive push: Format and flavour innovation drives Nestle Malaysia … – FoodNavigator-Asia.com

Or wait…
Headlines
Processing & Packaging
Formulation
Food safety
Business
Markets
Policy
Promotional Features
Site Archive
Multimedia
Regions
All Asia-Pacific
East Asia
South Asia
South East Asia
Oceania
Middle East
Site Archive
Multimedia
Trends
Meat
COVID-19
Alternative proteins
Asian tastes
Clean label
Fortification
Healthy living
Industry growth
Plant-based development
Prepared foods
Sugar reduction
Supply chain
Sustainability
Site Archive
Multimedia
Resources
Type of resources
China 中国
Japan 日本
Middle East
Events
All Events
Shows & Conferences
Online Events
Editorial Webinars
Events

– Last updated on GMT
Related tags Nestlé Malaysia
The firm recently released its Q2FY2023 financial results, revealing a 6.8% growth year-on-year to RM1.75bn (US$) in revenue as well as a 6.6% growth year-on-year to RM180.9mn (US$) in profits after tax.
This can be considered a strong performance for the country amidst ongoing economic challenges ranging inflationary price hikes on various major food ingredients to declining Malaysian Ringgit currency exchange rates.
It is also quite the achievement compared to Q1FY2023 results released earlier this year​, where the firm’s profitability took a -3.9% hit - and has thus given the firm renewed confidence in being able to deliver positive growth this year.
““While multiple factors of uncertainty remain, especially those derived from a weakened Ringgit and the ongoing volatility in commodity and energy markets, we remain confident in our ability to deliver another year of solid sales growth [and] resilient profitability,”​ Nestle Malaysia CEO Juan Aranols said when delivering the latest results.
“In addition to solid commercial and financial performance, we will continue driving and advancing our ESG agenda in its different fronts, including reforestation, packaging sustainability and progressive decarbonization of our operations.
“Another important milestone we have seen was the renewal of MILO’s sponsorship agreement with the Olympic Council of Malaysia until 2028, [such that we will] continue providing support for Malaysian athletes, starting with the Olympic and Paralympic Games 2024, amongst others.”

Nestle Malaysia’s growth in this quarter was strongly underpinned by the launch of many new product innovations from both format and flavour perspectives, and Aranols added that this would continue to be a key company growth strategy moving forward.
“Our growth strategy remains anchored on delivering high-quality, great-tasting and nutritious products that meet the expectations of Malaysian [consumers],”​ he said.
“[There are many] diverse and evolving preferences across multiple consumer segments in this market, and these solid results continue to reflect the relevance of [Nestle] brands and product offerings here.
“Not only have our core products continued to perform very well, we have also brought to market further relevant product innovations that received positive consumer response.”
The firm’s new product launches in this three-month period were particularly extensive and wide-ranging, covering various categories from MAGGI instant noodles to NESCAFE coffee products.
“MAGGI Noodles added the [spicy] MAGGI Mi Goreng Laksa Warisan and MAGGI Pedas Giler Cheezy Berapi flavours, and the Lively Tea range added a refreshing lemon tea variety as well,”​ he said.
“[In terms of format innovation], our Harvest Gourmet plant-based range introduced Crispy Fish-Free Fingers, NESCAFE launched 2-in-1 cold coffee mixes that can be made using just cold milk and ice, and new formats have been added to the KIT KAT range.
“We will [continue to] deliver high-quality, nutritious and great-tasting products that cater to the diverse needs and expectations of Malaysian consumers [moving forward].”
Nestle Malaysia’s positive sentiments were reflective of its headquarters in Switzerland, which almost simultaneously also released the firm’s overall Q2FY2023 financial results.
Nestle CEO Mark Schneider told the floor during the firm’s latest investors conference call that growth is likely to be more forthcoming in the rest of the year with consumption in several categories having normalised.
“At-home consumption post-COVID has now normalized, removing a growth drag that remained on some of our categories,”​ he stated.
“Out-of-home channels continue to see strong growth momentum [that developed after the pandemic], and based on this strong performance in the first half of the year we now upgrade our organic sales growth outlook for 2023 from 7% to 8%.”
Copyright - Unless otherwise stated all contents of this web site are © 2023 - William Reed Ltd - All Rights Reserved - Full details for the use of materials on this site can be found in the Terms & Conditions
Related topics Business All Asia-Pacific South East Asia Asian tastes Supply chain Industry growth Bakery Beverages Confectionery Convenience foods and snacks Dairy Desserts Traditional and staple foods Protein
Join the Asia Pacific Agri-Food Innovation Summit in Singapore
Content provided by William Reed | 21-Aug-2023 | Event Programme
As the anchor event of Singapore International Agri-Food Week (SIAW), the Asia-Pacific Agri-Food Innovation Summit will bring together over 1000 global...
Functional Beverage Market Insights in ASPAC
Content provided by Glanbia Nutritionals | 06-Jul-2023 | Product Brochure
High growth ahead for protein beverages makes Asia Pacific (ASPAC) the market to watch. Consumer research shows new usage occasions, key consumption barriers,...
Concepts for infant and child products
Content provided by Jungbunzlauer | 05-Apr-2023 | White Paper
Minerals are essential for the healthy physical and cognitive development of children.
The latest plant-based beverage trends in SEA
Content provided by Tetra Pak | 27-Mar-2023 | White Paper
Data shows that consumers’ liking and thirst for plant-based beverages is growing rapidly, especially in Malaysia, Singapore, Philippines and Indonesia....
On-demand webinars
More promotional features

source

Leave a Reply

Your email address will not be published.

*