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Innovation, sustainability, climate goals at top of Juhayna’s achievements in 2021
Innovation in dairy products and dairy alternatives, sustainability and ambitious climate goals are at core of Juhanya’s achievements in 2021.
This is part of the company’s promise to develop products that are good for its customers and for the planet, according to Juhayna’s FY21 Earnings Release.
Juhayna Food Industries was pleased to announce the launch of its plant-based segment to meet growing consumer demand and to contribute to the development of the segment with its natural products and vegan/unique flavor compositions.
In 2021, Juhayna faced a dramatically new playing field due to the evolving development of the pandemic. The increase in raw material prices and supply chain disruptions have been undeniable. However, it has enjoyed exceptional and sustainable sales growth across its core business segments of dairy, yogurt, and juice, despite the numerous challenges. In 2021, Juhayna recorded top-line growth of 17%, mainly attributable to solid consumer recovery, due to the rolling out of vaccines and the ease of lockdown measures, enabling people to return to their normal daily lives.
With innovation being an integral element in Juhayna’s vision and mission, several achievements have contributed to its success during the past year. Notably, it was the first company to launch a full-range of plant-based milk products. In addition, an equally successful launch of flavored Greek yogurt products with 4 SKUs took place at the start of the second quarter, both launches were well received by the market and proved to be successful. It has also re-designed its juice and cooking creams packaging with a new look and feel that had a positive market reception.
Juhayna Food Industries , a leader in the Egyptian packaged dairy, yogurt and juice markets, has announced its unaudited consolidated results for FY21, reporting net revenues amounting to EGP 8.8bn, realizing a growth of 17%. 4Q21 revenues amounted to EGP 2.3bn, recording an impressive top-line growth of 22%. Sales growth throughout 2021 was mostly volume driven, a testament to the robust consumer demand recovery witnessed in the period.
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