Contents

Nestlé Lanka

Sri Lanka-based foods company

Nestlé Lanka

Formerly	Nestlé Ceylon Company (1906-1980)
Company type	Private
ISIN	LK0128N00005
Industry	Food processing
Founded	1906; 118 years ago (1906)inColombo
Founder	Anglo-Swiss Condensed Milk Company
Headquarters	189, T. B. Jayah Mawatha, Colombo 10 , Sri Lanka[1]
Area served	Worldwide
Key people	Suresh Narayanan (Chairman) Joselito Avanceña (Managing Director)
Products	Baby food coffee dairy products breakfast cereals confectionery bottled water ice cream pet foods
Revenue	LKR73.707 billion (2022)
Operating income	LKR7.869 billion (2022)
Net income	LKR6.075 billion (2022)
Total assets	LKR46.894 billion (2022)
Total equity	LKR10.742 billion (2022)
Parent	Nestlé
Website	www.nestle.lk
Footnotes / references [2]

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]

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[edit]

Nestlé 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[edit]

Nestlé 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.

See also[edit]

• List of food companies
• List of largest companies in Sri Lanka

References[edit]