Really pleased to see the Group achieve some very promising results in the first quarter of the year; solidifying our leading positions around the world, gaining market share and celebrating significant milestones - in spite of a few challenges along the way. We've continued to reinforce our focus on the nutritional supplements category which has been paying off, as it continues to see strong growth and has become our core growth driver.
Our Adult Nutrition and Care segment achieved 14.3% growth with mainland China surpassing overall market growth and maintaining its NO.1 position in the online market and rising to become NO.2 brand in the overall VMS market. In Australia & New Zealand, we expanded our market share with Swisse maintaining NO.1 position in the overall VMS market.
Across the Pet Nutrition and Care segment, we saw steady 3.4% growth, with Zesty Paws reinforcing its NO.1 positions across Amazon and Walmart and marking a key milestone to launch across Europe and Southeast Asia.
While our Baby Nutrition and Care segment navigated some industry-wide challenges in mainland China across the infant milk formula category, it looks set to stabilise in H2 2024.
As we continue to navigate the dynamic global market landscape, we remain focused on achieving our full year targets and our ambition to make millions of people and their pets healthier and happier.
We're pleased to announce our Q1 2024 results, achieving positive growth for our nutritional supplements category which continues to be our key growth driver.
The Adult Nutrition and Care segment saw strong growth, fuelled by an impressive performance by Swisse in its core markets of mainland China (outpacing overall market growth) and Australia & New Zealand.
Our Pet Nutrition and Care segment also performed well with steady growth as we reached a significant milestone with the launch of Zesty Paws across Europe and Southeast Asia. The Baby Nutrition and Care segment faced difficulties in mainland China due to issues across the infant milk formula market - but looks set to stabilise in the second half of the year.
The full media release can be found here: https://lnkd.in/eMHy2P5N
#InspiringWellness #FinancialResults #NutritionalSupplements #Health #Wellness
Looking forward to our participation as dedicated pet food ingredient supplier 👌