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Nestlé Pakistan

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Pakistani subsidiary of Nestlé

Nestlé Pakistan
Company typePublic
Traded asPSX: NESTLE
KSE 100 component
IndustryDairy
Founded1988; 36 years ago (1988)
HeadquartersPackages Mall, Shahrah-e-Roomi, Lahore-54760 Pakistan
Key people
ProductsMilk, milk-based products, cereals, beverages and bottled drinking water
RevenueIncrease Rs. 200.60 billion (US$690 million) (2023)
Operating incomeIncrease Rs. 29.04 billion (US$100 million) (2023)
Net incomeIncrease Rs. 16.49 billion (US$57 million) (2023)
Total assetsIncrease Rs. 97.89 billion (US$340 million) (2023)
Total equityIncrease Rs. 10.58 billion (US$37 million) (2023)
OwnerNestlé S.A. (61.60%)
IGI Investments (9.75%)
Packages Limited (8.05%)
Number of employees3,624 (2023)
ParentNestlé
Websitenestle.pk
Footnotes / references
Financials as of 31 December 2023

Nestlé Pakistan Limited (Urdu: نیسلے پاکستان) is a Pakistani food company which is a subsidiary of Swiss multinational company Nestlé. It is active in dairy, confectionery, coffee, beverages, infant nutrition and bottled drinking water areas. It is based in Lahore, Pakistan.

Nestlé trades on the Pakistan Stock Exchange.

History

Milkpak Ltd was incorporated in 1979 and started producing packaged milk in 1981. In 1984, the company acquired the Frost branded juice line from its parent company, Packages Limited. Milkpak Ltd further expanded its products with the launch of Milkpak butter in 1985 and a line of packaged cream in 1986.

In 1988, Nestlé, a Swiss multinational food company, acquired a controlling stake in Milkpak Ltd, resulting in the company's rebranding as Nestlé Milkpak Ltd.

During the 1990s, Nestlé allegedly repeated controversial infant formula marketing practices in Pakistan. This first emerged in developing countries during the 1977 Nestlé boycott. A Pakistani salesman named Syed Aamir Raza Hussain became a whistle-blower against Nestlé. In 1999, two years after he left Nestlé, Hussain released a report in association with the non-profit organisation, International Baby Food Action Network, in which he alleged that Nestlé was encouraging doctors to push its infant formula products over breastfeeding. Nestlé has denied Raza's allegations. This story inspired the 2014 acclaimed Indian film Tigers by the Oscar winning Bosnian director Danis Tanović.

In 2015, Nestlé began delivering pasturized milk to local homes in Lahore as a pilot project.

Products

  • Milk, milk-based products and cereals
  • Beverages, juices and bottled drinking water
  • Baby food, tea, coffee and confectionery

Plants

The company operates two multi-purpose processing plants in the following cities:

The company also operates two water factories in the following cities:

References

  1. ^ "Food products: NESTLE PAKISTAN LIMITED – Analysis of Financial Statements Financial Year 2003 – 3Q Financial Year 2010". Business Recorder. 21 January 2011. Retrieved 22 December 2020.
  2. "Nestle Pakistan Annual Report 2023" (PDF). nestle.pk. Retrieved 27 March 2024.
  3. Anwar, Haris (11 August 2011). "Nestle Pakistan to Fend Off Engro by Doubling Dairy Output". Bloomberg.
  4. ^ Nestle Pakistan Limited stock quote and company business summary on MarketScreener.com website Retrieved 22 December 2020
  5. Only six milk brands fit for consumption in Pakistan Dawn, Published 31 January 2017, Retrieved 21 December 2020
  6. ^ "Nestle Pakistan Limited (company profile)". Business Recorder. 6 June 2017. Retrieved 22 December 2020.
  7. ^ Pervaiz, Shoaib; Tirmizi, Farooq (14 January 2019). "The next phase of the milk wars". Profit by Pakistan Today.
  8. Writer, Catherine Porter Feature (4 October 2014). "Formula whistleblower battled Nestle for 17 years: Porter". Toronto Star.
  9. "Real Story of Tigers Movie: All you need to know about Nestle Baby Food Scandal around Lastavita in Pakistan & how Syed Amir Raza Hussain took on Nestle". GQ India. 21 November 2018.
  10. ^ Porecha, Maitri (20 December 2018). "'Behind the real face of 'Tigers' - Syed Aamir Raza". BusinessLine.
  11. Mangi, Faseeh (27 February 2015). "Nestle Pakistan Sells Pasteurized Milk in $23 Billion Market". Bloomberg.
  12. ^ "Nestlé Pakistan". Nestlé.
Nestlé
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Pakistan Companies of the KSE 100 Index
As of October 2024
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