Among the Top Ten Most Valuable Consumer Brands in 2023
Brands Finance, the renowned brand valuation consultancy, in collaboration with LMD, released the annual Consumer Brands ranking for the 20th consecutive year and Nestlé claimed the title of Sri Lanka’s Most Valuable Food and Beverage Brand for the second year in a row. Climbing up the ranking, the ‘Good Food, Good Life’ company secured the overall 8th position, being the only Food and Beverage Brand in the Top Ten. This prestigious ranking, highly regarded in the local business community, assesses brands’ value and strength.
Further to this recognition, four of Nestlé’s brands were also ranked among Sri Lanka’s Most Loved Brands of the year. Similar to 2022, the company’s flagship brand Nestomalt claimed the top spot in the category of Dairy Products – Malt Drinks, while the iconic brand Milo secured the second position in the same category. Beloved household favourites, Maggi and Milkmaid were placed second in the Ingredients and Jams and Sauces categories, respectively.
“We are extremely honoured to be named Sri Lanka’s Most Valuable Food & Beverage Brand for the second consecutive year. This recognition not only reflects our commitment to delivering high-quality products and exceptional consumer experiences, but also recognizes the trust and loyalty of our consumers and stakeholders. I am also thrilled to note that four of our brands have been named among the country’s Most Loved Brands. A lot of head work, passion and dedication goes into building each of our brands. As such, it gives us immense pleasure to know that our brands have built a strong bond with our consumers over the years. Recognitions such as this inspire us to strive for excellence. We remain dedicated to delivering products of the highest quality, embracing innovation, and making a positive impact on consumers, communities, and the planet” said Mr. Bernhard Stefan, Managing Director, Nestlé Lanka.
Driven by its purpose of ‘unlocking the power of food to enhance quality of life for everyone, today and for generations to come’, Nestlé has nourished generations of Sri Lankan families with high quality food and beverages from early childhood to old age. Having started its operations in Sri Lanka in 1906, today, Nestlé has become an integral part of Sri Lankan lives. The company manufactures over 90% of its products sold in Sri Lanka locally at their state-of-the-art factory in Kurunegala, employing strict safety and quality controls.
