The dairies segment saw revenue grow by 9% y-o-y thanks to all core markets which saw growth due to increased domestic and export demand in Indochina.
Fraser & Neave (F&N) has reported revenue of $618 million for the 1QFY2025 ended Dec 31, 2024, 16.3% higher y-o-y. The higher topline was driven by the group’s food and beverage (F&B) segment, which increased by 19% y-o-y. Sales for beverages, which includes soft drinks and beer, surged by 39% y-o-y during the quarter.
Revenue for soft drinks increased due to a favourable sales mix and higher volumes from the early sell-in ahead of Chinese New Year, which took place at the end of January this year. Beer sales more than doubled, mainly due to the TAPPER brand in Myanmar. The brand was launched in FY2024.
