Nestlé Pakistan has announced its financial results for the first quarter ending March 31, 2024, showcasing robust growth. The company reported a significant increase in revenue, reaching PKR 54.4 billion, marking a notable surge of 9.7% compared to the same period last year.
This impressive growth is attributed to widespread success across Nestlé Pakistan’s diverse product portfolio and effective demand generation strategies. While the company witnessed a rise in gross profit, there was a slight decline in operating profit due to increased investments aimed at bolstering brand competitiveness.
The announcement came after a conclusive Board of Directors’ meeting held at the Company’s Head Office. Despite the positive results, Nestlé Pakistan maintains a cautious outlook for the remainder of the year, considering the persisting challenges posed by external factors.
Nestlé Pakistan’s strong performance in the first quarter underscores its resilience and strategic initiatives in navigating the dynamic market landscape.
