• UPFL witnesses 19% growth in Sales Revenue amid increased Volumes

Unilever Pakistan Foods Limited announced its None Months 2020 Financial Statement, where its Net Profit stood at PKR 2.494 Billion as compared to PKR 1.548 Billion in same period last year. Company’s sales increased to PKR 11.34 Billion during the period in comparison with PKR 9.55 Billion sales in last year.

More surprising was the fact that the company witnessed 22% sales growth in the July-September 2020 Quarter. This came amid lifting of Lock down and economy was still reeling from its impact.

Revenues rose during the period led by growth in part of its packaged food, tea and coffee portfolio as the disruptions caused by covid 19-lockdowns upended business for fast moving consumer goods makers.

UPFL’s Gross Margins also increased to massive 42% as compared to 36% in last year. Higher Gross Margins came on back of Price Hikes company made during the period.

As per the company, Covid-19  posed  enhanced  difficulties  to the operations of the company.  Despite  such  a  testing  economic and  operating  environment,  UPFL  expects  to  deliver  competitive  results  in  the  foreseeable future,  as  the  management  remains  committed  to  deal  with  the  situation  through  an  access  to  Unilever’s global  expertise,  a  sound  consumer  understanding,  our  on-going  innovation  endeavours,  and  by consistently  offering  an  exemplary  customer  service. 

UPFL also mentioned that launch of the new  “Cheesy  Chatt  Patta’  noodle  variant further enhances noodles portfolio and is  a  manifestation  of  the  company’s  continuous endeavours  towards  innovation. 

While economy is still in the recovery phase from COVID19 induced slowdown, the near-term demand looks robust. UPFL remain well positioned to drive competitive and profitable growth. The long-term structural opportunity of FMCG’s in the country also remains intact.

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