Nestlé Purina Petcare has recorded global organic growth of 12.7 per cent in FY21 with sales of roughly AUD$23.6 billion.
In Nestlé’s Asia, Oceania, and sub-Saharan Africa (AOA) zone, of which Australia is a part of, Purina recorded high single digit growth and market share gains in the pet care category.
Globally, the 12.7 per cent growth was led by science-based and premium brands Purina Pro Plan, Fancy Feast, and Purina ONE, as well as veterinary products.
Mark Schneider, CEO of Nestlé, said in 2021 the company remained focused on executing its long-term strategy and stepping up growth investments, while at the same time navigating global supply chain challenges.
“Our organic growth was strong, with broad-based market share gains, following disciplined execution, rapid innovation and increased digitalization. We limited the impact of exceptional cost inflation through diligent cost management and responsible pricing.
Schneider said that the company’s robust underlying earnings per share growth shows the resilience of its value creation model.
“The entire Nestlé team demonstrated exemplary perseverance and agility in a challenging environment.”