FrieslandCampinaEngro Pakistan Limited (FCEPL) announced its financial results for the year ended December 31, 2021. The Company reported revenue of PKR 52 billion, registering 18% growth versus last year. FCEPL recorded highest-ever volumes of Ice Cream and highest-ever revenue in Dairy and Ice Cream segments in 2021.
This milestone was achieved by focusing on overall volume growth through expansion of distribution, greater brand penetration, mix improvement through value accretive brands and improving efficiencies across the value chain. These initiatives reflect FCEPL’s unwavering commitment towards enhancing access to nutrition for a healthier and food-secure Pakistan.
Despite record inflation and rupee devaluation which led to a steep increase in commodity prices, the Company managed to offset the spikes and improve Gross Margin by 350bps versus last year, through several innovations and savings initiatives in the value chain. As a result, profit after tax improved by 10X compared to last year – PKR 1,804 million in 2021 vs PKR 177 million in 2020.
On September 8th, 2021,FrieslandCampina, celebrated its milestone 150-year anniversary of delivering superlative dairy products and nutritional excellence. In line with its commitment to the Nation, FCEPL partnered with the University of Education to launch a 6-month pilot School Milk Program with the aim to improve the nutritional status of thousands of children and enable them to take full advantage of the education provided to them.
Dairy And Beverages segment reported revenue of Rs. 46.9 billion, growing 16% compared to the same period last year. Olper’s led the growth in the segment while strengthening its position as the market leader through brand and trade investments, and expansion of retail footprint by 6,000+ outlets. Olper’s UHT Milk, Cream, Flavoured Milk and Tarrka Ghee also recorded double-digit growth.
