DUTCH Lady Milk Industries Bhd remains unfazed by the stiff competition, volatile global milk prices and the fluctuations of the ringgit as it embarks on its ultimate goal – to increase milk consumption in Malaysia for the betterment of health and nutritional standards of the people.
As a business entity, the financial performance of the group is dependent on global milk prices and the ringgit’s performance against the US dollar.
This is notwithstanding the fact that one of Dutch Lady’s most valued propositions is that the prices of all its products remain affordable and easily accessible for the masses.
Dutch Lady managing director Tarang Gupta tells StarBizWeek that the group acknowledges the “unescapable” extreme volatilities, but instead will strive harder to further reduce the impact on its operations.
“Our first principle is that we will not pass on any cost hikes to our consumers because we want to offer them affordability, thus we will have to absorb some of these cost pressures.
“Secondly, we have to drive efficiencies, which will then help to cushion the impact of volatilities in the global milk prices as well as the ringgit,” explains Tarang.
For the nine-month period of the financial year ending Dec 31, 2018, Dutch Lady registered a 2.5% growth in net profit to RM99.15mil, compared with the same corresponding period last year.
Driving milk consumption in Malaysia