Karachi, Nestle Pakistan reported that its revenue for the three-month period ending March 31, 2024, rose to PKR 54.4 billion, marking a 9.7% increase compared to the same period last year. This growth can be attributed to broad-based expansion across the company's product lines and effective demand-generating activities.

According to Nestle Pakistan Limited, the company's gross profit also saw an increase, but operating profit experienced a decline due to increased investment behind its brands to strengthen its competitive position in the market. The results were announced following a Board of Directors’ meeting at the company's head office.

Nestle Pakistan maintains a cautious outlook for the rest of the year, considering the ongoing external challenges that could affect market dynamics. The company continues to evaluate its strategies to ensure consistent growth amid these uncertainties.

The corporate manager for public affairs and media relations, Muhammad Rahat Hussain, can be contacted for further information at muhammadrahat.hussain@pk.nestle.com.

Nestle's continued commitment to growth and brand investment underscores the company's focus on maintaining its competitive edge in the face of market fluctuations.