In today’s briefing:
- Cisarua Mountain Dairy (CMRY IJ) – Stick Yoghurt Going Viral
Cisarua Mountain Dairy (CMRY IJ) – Stick Yoghurt Going Viral
- Cisarua Mountain Dairy booked a strong set of 1Q2024 results, with sequential quarterly growth in revenues and more so profits as margins recovered driven by both dairy and consumer foods.
- The company ramped up its advertising, promotion, and marketing spending as it launched new products in the more affordable segments including new flavours for stick yoghurts and affordable consumer foods.
- Cimory remains optimistic for 2024 for a more pronounced recovery in dairy as it pushes out products into general trade and takes more shelf space in modern trade driving growth.
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