Nestlé Lanka (previously known as Nestlé Ceylon Company) is a Sri Lanka–based foods company located in Colombo, Sri Lanka. Nestlé Lanka is a subsidiary of Nestlé, a Switzerland based company. Nestlé's products include baby food, medical food, bottled water, breakfast cereals, coffee and tea. The company was founded by the Anglo-Swiss Condensed Milk Company in 1906 and incorporated under Nestlé Ceylon Company. Nestlé Lanka is Sri Lanka's largest food company by revenue, with Rs 36.355 billion in 2019. The whole company is controlled by the Nestlé Switzerland parent company. Nestlé S.A. owns over 90 per cent total shares. Nestlé Lanka PLC became the seventh most valuable brand in Sri Lanka worth approximately Rs 21 billion in 2017.[3]
| Formerly | Nestlé Ceylon Company (1906-1980) |
|---|---|
| Company type | Private |
| ISIN | LK0128N00005 |
| Industry | Food processing |
| Founded | 1906 in Colombo |
| Founder | Anglo-Swiss Condensed Milk Company |
| Headquarters | 189, T. B. Jayah Mawatha, , Sri Lanka[1] |
Area served | Worldwide |
Key people |
|
| Products | |
| Revenue |  LKR73.707 billion (2022) |
| LKR7.869 billion (2022) | |
| LKR6.075 billion (2022) | |
| Total assets | LKR46.894 billion (2022) |
| Total equity | LKR10.742 billion (2022) |
| Parent | Nestlé |
| Website | www |
| Footnotes / references [2] | |
Nestlé Lanka was listed on the Colombo Stock Exchange in 1981. The company has 1,200 employees and 23,000 distributors, suppliers and farmers. The company was renamed in 1980 as Nestlé Lanka PLC before being listed on the Stock Exchange.[4] The company was delisted from Colombo Stock Exchange in 9 August 2023.
History
editNestlé Lanka was established in 1906 as Nestlé Ceylon Company one year after merging with Anglo-Swiss Condensed Milk Company in British Ceylon. The company was incorporated under Nestlé Ceylon Company to Nestlé Lanka PLC in 1980. Sri Lanka has been an agricultural-based country. British Empire helped boost agricultural production. The British government's first cocoa plant was introduced to Ceylon in early 1890. Early 20th-century raw cocoa was exported to Switzerland. Chocolate became popular government wanted to start the local chocolate market, in between this time Anglo-Swiss Condensed Milk Company established a branch in Sri Lanka in early 1906.[5] Sri Lankan history Nestlé become most successful food company. Company brought numerous international brand such as Milo, Nescafé, Cerelac, KitKat and Maggi. Company-sponsored by local sports events and school sports tournaments.[6] Nestlé Lanka PLC won numerous awards and become a number one company past hundred years.[7] Post COVID-19 period Nestlé stock price drop 50% than previous year.[8] Nestlé export most of their product such as Maggi Coconut Milk Nestomalt and Milo.[9] Nestlé Lanka received permission from Securities and Exchange Commission of Sri Lanka to delist the company from Colombo Stock Exchange in 9 August 2023.[10]
Brands and products
editNestlé Lanka is the market leader in Sri Lanka food products with a presence in over 20 food categories such as tea, milk, chocolate, cereal and fast food amongst others with over 20 million local customers consumption.
| Brand name | Product type |
|---|---|
| Cerelac | Baby food |
| Nangrow | |
| Lactogrow | |
| Nestlé Pure Life | Bottled water |
| Nesquik Cereal | Cereals |
| KitKat | Chocolate |
| Milkybar | |
| Nescafé | Coffee |
| Nescafé 3 in 1 | |
| Nescafé Classic | |
| Nescafé Gold | |
| Buitoni | Frozen food |
| Maggi | Culinary |
| Nido | Dairy |
| Carnation | |
| Nespray milk | |
| Nestlé a+ | |
| Milkmaid | |
| Nestomalt | Energy food |
| Milo | Drinks |
| Nestea | |
| Nesquik | |
| Nespray | |
| Nestlé Professional | |
| Maggi | Food service |
| Resource | Healthcare nutrition |
| Nestlé Ice Cream | Ice cream |
| Häagen-Dazs | |
| Dog Chow | Pet food |
| Cat Chow |
See also
editReferences
edit- ^ "Media contacts". Nestlé. Retrieved 2021-04-16.
- ^ "Annual Report 2022/23" (PDF). cse.lk. Nestlé Lanka. 2023. Retrieved 30 August 2023.
- ^ "Sri Lanka's most valuable and strongest brands in 2018" (PDF). Brand Finance. April 2018.
- ^ "Nestlé in Sri Lanka". Nestlé. Retrieved 2021-04-16.
- ^ "Nestlé Lanka PLC Annual Report 2016" (PDF). Nestlé. May 2016.
- ^ "Milo Schools President's Trophy Knockout | The Sunday Times Sri Lanka". Retrieved 2021-04-16.
- ^ "Nestlé ranked No.1". bizenglish.adaderana.lk. Retrieved 2021-04-16.
- ^ "Sri Lanka stocks end 1.14-pct higher". EconomyNext. 2021-04-15. Retrieved 2021-04-16.
- ^ Nadeera, Dilshan. "Nestle products become further price competitive in international markets". Retrieved 2021-04-16.
- ^ "SEC approval for Nestlé Lanka PLC - Delisting of ordinary shares from the official list of the Colombo Stock Exchange" (PDF). cse.lk. Colombo Stock Exchange. 9 August 2023. Retrieved 30 August 2023.
- ^ "Good food, Good life". Nestlé. Retrieved 2021-04-16.