Latest news with #NestleMalaysia
The Sun
29-04-2025
- Business
- The Sun
Nestle Malaysia posts RM1.77 billion turnover in first quarter
PETALING JAYA: Nestle (Malaysia) Bhd recorded a turnover of RM1.77 billion for its first quarter ended March 31, 2025 (Q1'25), matching the robust sales figures in Q1'24 and reflecting a 20.1% growth compared to Q4'24. For the quarter under review, Nestlé Malaysia delivered profit before tax of RM213 million and profit after tax of RM161.3 million, more than triple Q4'24 earnings and confirming the path to profit normalisation after a challenging 2024. While Q1'25 profit was solid, it moderately contracted against the strong baseline of Q1'24, reflecting an earlier phasing of marketing investments versus 2024, as well as the prudent approach to pricing amidst soaring prices of key commodities, as the company remains mindful of mitigating as much as possible the impact on the purchasing power of the rakyat. Nestle Malaysia CEO Juan Aranols said that first quarter results are encouraging and represent an important step in their journey back to healthy growth levels and profit normalisation after some challenges in the previous quarters. Amid market volatility and intense competition, the company continued to drive solid brand plans with effective execution across all channels online and offline. Aranols said that as they navigate through 2025, they remain vigilant of the multiple factors of volatility in the global market that may impact business conditions, while staying committed to their promise of providing nutritious great-tasting halal products that meet Malaysians' needs across all life stages. He added that they are driving automation and digitalisation within their organisation as key enablers of agile decision-making and savings, which in turn fund brand investments and innovations to strengthen market leadership. 'This is what we call the virtuous circle of profitable sustainable growth, always anchored on a strong understanding of Malaysians' value expectations,' Aranols said. In Q1'25, Nestle Malaysia kept up a solid pace in its environmental, social and governance initiatives, including the expansion of its Project SAVE waste collection beyond Klang Valley to Penang Island. 'While the operating environment continues to present challenges, the signs we are observing in terms of improved consumer sentiments are encouraging. As guided earlier, we are confident in returning to healthy growth levels by H1 2025, and consolidate the normalisation of our profitable and sustainable growth path. We will continue to invest in product innovation and in enhancing our capabilities at all levels – manufacturing, logistics, commercial, etc. 'As we have done throughout our 113 years in Malaysia, we will continue to be a positive force contributing to the wellbeing of the Rakyat. Building on our strong foundation in the nation, we are confident on this outlook, while we carefully monitor global geopolitical and market developments that may affect broader economic conditions,' Aranols said.
The Star
28-04-2025
- Business
- The Star
Nestle Malaysia posts encouraging 1Q results
Nestlé (M) Bhd chief executive officer Juan Aranols. —ONG SOON HIN /The Star PETALING JAYA: Nestle (M) Bhd kicked off 2025 with encouraging results for its first quarter ended March 31, 2025 (1Q25). The company recorded a turnover of RM1.77bil for the quarter under review, matching the robust sales figures in 1Q24 and reflecting a 20.1% growth compared to 4Q24. 'The strong sales momentum was broad-based across brands, which reflects the successful planning and execution of Chinese New Year and Ramadan Hari Raya activities,' the food and beverage company said in a statement. Alongside domestic sales, the company's export business recorded a 2.6% growth. 'Nestle Malaysia continues to build on the international competitiveness of its industrial infrastructure, which is further enabled by the company's role as the largest Halal manufacturing hub for the Nestle group worldwide.' For the quarter under review, Nestle Malaysia delivered a profit before tax of RM213mil and profit after tax of RM161.3mil, more than tripling the preceding 4Q24 profits and confirming the path to profit normalisation after a challenging 2024. 'This performance reflects the company's ability to navigate through a still complex operating environment with sustained pressure on commodity prices through focused efficiency measures and cost optimisation initiatives, as well as solid brand investments to further strengthen its market shares. 'While 1Q25 profit was solid, it moderately contracted against the strong baseline of 1Q24, reflecting an earlier phasing of marketing investments versus 2024, as well as the prudent approach to pricing amidst soaring prices of key commodities, as the company remains mindful of mitigating as much as possible the impact on the purchasing power of the Rakyat.' Nestle Malaysia chief executive officer Juan Aranols said the first quarter results were encouraging and represented an important step in the group's journey back to healthy growth levels and profit normalisation after some challenges in the previous quarters. 'Amidst market volatility and intense competition, we continue to drive solid brand plans with effective execution across all channels online and offline. 'We have seen solid performance throughout the Chinese New Year and Ramadhan / Raya seasons across business segments.' As the company navigates through 2025, Aranols said Nestle Malaysia remains vigilant of the multiple factors of volatility in the global market that may impact business conditions, while staying committed to its promise of providing nutritious, great-tasting Halal products that meet Malaysians' needs across all life stages. 'Additionally, we are driving automation and digitalisation within our organisation as key enablers of agile decision-making and savings, which in turn fund brand investments and innovations to strengthen market leadership. 'This is what we call the virtuous circle of profitable, sustainable growth, always anchored on a strong understanding of Malaysians' value expectations.' While the operating environment continues to present challenges, Aranols said the signs the company is observing in terms of improved consumer sentiments are encouraging. 'As guided earlier, we are confident in returning to healthy growth levels by the first half of 2025, and consolidate the normalisation of our profitable and sustainable growth path. 'We will continue to invest in product innovation and in enhancing our capabilities at all levels - manufacturing, logistics, commercial, etc.' As the group has done throughout its 113 years in Malaysia, Aranols said Nestle Malaysia will continue to be a positive force contributing to the wellbeing of the Rakyat. 'Building on our strong foundation in the nation, we are confident on this outlook, while we carefully monitor global geopolitical and market developments that may affect broader economic conditions.'
New Straits Times
28-04-2025
- Business
- New Straits Times
Nestle Malaysia posts RM213mil net profit, RM1.77bil revenue in Q1
KUALA LUMPUR: Nestle (Malaysia) Bhd reported weaker earnings for the first quarter of the financial year 2025, attributed to higher marketing expenses earlier in the year and minimal price increases despite rising raw material costs. The food and beverages manufacturer recorded a net profit of RM213 million for the period, a 17.5 per cent decline from RM195.5 million a year ago, according to a bourse filing today. Revenue dipped slightly 0.8 per cent to RM1.77 billion from RM1.78 billion previously. The company said growth of export sales remains robust at 8.8 per cent while domestic sales are on a good path of recovery across categories which reflects the successful planning and execution during the festive periods. In a statement, Nestle Malaysia said it still focuses on ensuring the relevance of its brands and product offerings in an evolving marketplace throughout the quarter. It stated that the core products performed well, complemented by product innovations that have been positively received by consumers, helping to sustain solid market leadership positions. Nestle Malaysia chief executive officer Juan Aranols said that although the operating environment remains challenging, the company is encouraged by signs of improving consumer sentiment. "We are confident in returning to healthy growth levels by the first half of this year and consolidate the normalisation of our profitable and sustainable growth path. "We will continue to invest in product innovation and in enhancing our capabilities at all levels, including manufacturing, logistics and commercial, among others. Building on strong foundation in the nation, Aranols said Nestle Malaysia is confident on its outlook, while carefully monitoring global geopolitical and market developments that may affect broader economic conditions.
New Straits Times
22-04-2025
- Business
- New Straits Times
Nestle steps up plastic waste drive with KDEB Waste Management
SHAH ALAM: Nestle (Malaysia) Bhd has partnered with KDEB Waste Management Sdn Bhd (KDEBWM) to enhance its efforts in addressing plastic waste through sustainable solutions. Both parties signed a collaboration agreement to launch SELKitar programme, the latest phase of Nestle Malaysia's door-to-door collection and recycling programme under project SAVE, the largest voluntary extended producer responsibility (EPR) initiative in Malaysia. Launched in 2020, project SAVE is an ongoing large-scale collaboration between Nestle Malaysia and local municipalities across the Klang Valley that recently expanded also to Penang. Currently reaching over 200,000 households, to date, the project has diverted more than 33,000 tonnes of waste including over 20,000 tonnes of plastic, from landfills and oceans. Programme SELKitar will scale up these ongoing efforts to engage another 17,000 households in landed communities in Majlis Bandaraya Subang Jaya (MBSJ) and Majlis Perbandaran Sepang beginning May 2025. Discussions for a second phase of expansion including strata residences and suburban villages are already in progress. The agreement signing ceremony was officiated by Selangor State executive councillor (EXCO) for Public Health and Environment Jamaliah Jamaluddin and attended by Selangor Menteri Besar Datuk Seri Amirudin Shari. Amirudin said such initiative shapes the environmental consciousness in the state. "The implementation of Act 672 in Selangor signals our commitment to uniform, sustainable waste practices and this partnership reflects our belief that progress can only be achieved through joint, sustained effort," he said. Nestle Malaysia chief executive officer Juan Aranols said the programme is a tangible demonstration of the company's commitment to addressing plastic waste and promoting the circular use of resources. "With the continued expansion of our door-to-door collection and recycling programme, we move closer to our vision of a Malaysia free of plastic waste, where post-consumer packaging is sustainably managed through effective collection systems. "This partnership with KDEBWM reinforces Nestle's global pledge to achieve plastic neutrality by 2025, ensuring that none of our packaging ends up in landfills or oceans," he added. KDEBWM, as the waste management arm of Menteri Besar Inc, brings operational expertise that complements Nestlé Malaysia's experience in voluntary EPR initiatives. The SELKitar Programme implements tailored collection strategies for both "open areas" and "gated and guarded" communities, promoting operational efficiency and educating residents on waste segregation. Recyclables are collected separately from regular domestic waste and transported to a material recovery collection facility in Bukit Puchong for sorting and reprocessing, supporting a circular economy. Residents will also receive communication, education and public awareness materials that promote a single-stream approach, allowing all recyclables to be placed in one container for collection, simplifying participation for households. Project SAVE, Nestle Malaysia's largest voluntary EPR initiative, collaborates with local municipal councils, including in Petaling Jaya, Subang Jaya, Shah Alam, Klang and Pulau Pinang.
