Established in 1963, Dutch Lady Milk Industries Berhad manufactures and distributes dairy products, namely milk powder, liquid milk, and yogurts. It is the leading dairy company in Malaysia with 150 years of Dutch dairy heritage.
Their products are available almost anywhere across cities and towns in Malaysia. This reflects their wide distribution network across the country. Milk has always been positioned by the company to solve the dual burdens facing children in Malaysia – obesity and stunting. Malaysia also has a relatively low rate of milk consumption compared to the rest of the world.
Here are six things I learned from the 2021 Dutch Lady Milk Industries AGM:
1. Revenue grew 3.2% year-on-year to RM1.1 billion in 2020 due to increased in-home consumption of liquid milk and growing-up milk powder among Malaysian households. Over the same period, Dutch Lady registered a 6.2% year-on-year growth in its sales volume. Likewise, its dairy market share in Malaysia has inched up from 19.9% in 2019 to 20.9% in 2020....