Prices of soft drinks rise amid FX woes, inflationary pressure

Prices of soft drinks are on the rise as the industry continues to grapple with the fallout from macroeconomic headwinds induced by the drop in oil price. Nigerian Bottling Company (NBC), the More »

How brewers are selling beer with folklore

As Nigeria’s recession deepens and consumers pockets are squeezed, majority of those still drinking have shifted their beer preferences to value or low cost brands. Nigerian Breweries Plc, the country’s leading brewer More »

Category Archives: Ready-to-drink

Nestle Nigeria rolls-out Milo RTD as competition heats up in the RTD Cocoa, milk and malt segment

Nestle Nigeria Plc on Tuesday at its Lagos Headquarters unveiled a ready-to-drink version of MILO, the company’s flagship brand.

The company which launched the new RTD at a Retailers’ Conference said that the product is made from natural products like cocoa, malt and milk, adding that it contains no preservatives and provides essential nutrients such as proteins as well as Nestle’s blend of vitamins, ACTIVE-GO (vitamins B3, B2, B6, B12, Vitamins C & D) and minerals including calcium and iron.

Distell’s full-year revenue grows 3.7% despite challenges

Distell Group, the South African wines, spirits and cider producer on Monday reported a 3.7% revenue growth for the full-year ended 30th June 2017. Revenue rose to R22.3bn ($1.72bn).

The company noted that its South African market which contributed 74% of group sales grew 7.8%, while volumes rose by 1.5%. The second-half of the year saw a marked improvement, with total volumes rising 5.4%.

Alomo Bitters gets a new look

Alomo Bitters, the flagship brand of Ghana-based Kasapreko Company Limited was unveiled on Friday in Lagos with a new look as the brand seeks to consolidate its position in the Nigerian bitters market.

At a media parlay held at the Renaissance Hotel, G.R.A. Ikeja, Lagos, the company said that the 750ml and 200ml bottles now come with a new Kasapreko tamper proof to help customers distinguish the brand from its rivals.

The new Alomo Bitters now has a holographic security-like shiny strip, similar to that found on currency notes and forms part of the plastic wrap over the bottle cap.

Chi launches Hollandia Choco Malt 3-in-1 Ready-to-Drink

Chi Limited, a leading Nigerian juice and dairy maker has unveiled a new product called Hollandia Choco Malt, a ready-to-drink chocolate, milk and malt drink to the market.

The product also referred to as “3-in-1 Yo” is said to appeal to a youthful consumer segment and is an innovative blend of chocolate, milk and malt that comes in trendy pack sizes of 135ml and 315ml. It can be consumed immediately after opening and delivers instant nutrition to consumers.

According to the company, Hollandia ChocoMalt drink is rich in vitamins and minerals, takes away the hassles and inconvenience involved in preparing Choco-based beverage drink the traditional way.

Cost savings and product quality enhancements boost Suntory Beverages half-year results

Japanese beverage firm, Suntory Beverage & Food Limited said on Tuesday that half-year sales and profit for 2017 was lifted by focus on strengthening its brands and creating new demand as well as managing cost structure and product quality improvements.

The company which makes Lucozade and Ribena said that revenue for its non-alcoholic beverages and foods grew 1.7% in the half-year through end of June to ¥685.7bn yen ($6.2bn), from ¥674.4bn ($6.09bn) in the same period in 2016.

Cadbury Nigeria slides to record N766m loss in half-year

Cadbury Nigeria Plc, the bournvita maker on Wednesday reported a half-year loss of N766m for the period ended June 30. In the same period a year ago, the company recorded a profit of N147m.

Despite growth in revenue of 16.9%, rising cost of sales which grew 33% in the period to N13bn, from N9.8bn, driven by inflation and higher foreign exchange rates had an adverse impact on gross profit, and on net finance cost, leaping 348% to N274m.

Nigerian Breweries unveils Ace Desire RTD

Nigerian Breweries Plc, on Thursday unveiled its newest creation – Ace Desire, a Zobo-flavoured alcoholic ready-to-drink (RTD) to the Nigerian market.

The company’s Marketing Director, Franco Maria Maggi, said that “Ace Desire” is a sophisticated blend of spirit, natural Hibiscus or Zobo extract, being the traditional beverage produced from hibiscus leaves.

Guinness Nigeria gets approval for new share sale

Guinness Nigeria Plc, announced on Tuesday it had received clearance from the Nigerian Securities and Exchange Commission (SEC) and the Nigerian Stock Exchange (NSE) to issue new shares.

The funds raised from the share sale, the company said will go to implementing its strategy in the context of ongoing external economic challenges.

Cost savings and product quality initiatives help lift Suntory Beverage & Food first Quarter profit

Japanese Beverage and Food Company Suntory Beverages & Food Limited reported flat sales of -0.1% in its first quarter 2017. Total revenue for the three months ending in March fell to ¥308.9bn ($2.7bn).

However, the company said that it was able to boost profit by focusing on strengthening its brands, creating new demand, reforming its cost structure and improving product quality.

Euro Global nears completion of N3bn ethanol plant

Euro Global Foods & Distilleries Limited, said on Monday that it was nearing the completion of a N3bn ethanol plant, with 90% of the work already done.

The firm which is a unit of Sona Group of Companies said that the plant would enable it boost production once complete.