Del Monte Philippines Inc. reports strong sales growth and remarkable net profit increase

MANILA, Philippines — Del Monte Philippines Inc. (DMPI), a subsidiary of Singapore-listed and PSE-listed Del Monte Pacific Limited (DMPL), announced strong financial results for the first quarter, marking a significant leap towards sustainable growth and profitability.

DMPI achieved a 13% increase in first quarter sales to P10.2 billion, fueled by a robust 20% surge in international sales driven by strong exports of fresh and packaged pineapple.

The Philippine market also rebounded impressively, with DMPI’s net profit soaring by 52% to P1.0 billion, illustrating a powerful turnaround over the same period.

The Philippine market delivered sales of P4.5 billion, reflecting a 6.5% expansion. This growth was supported by all key categories of packaged fruit, beverage and culinary products exceeding targets and outperforming the same quarter last year.

Under new sales leadership, DMPI has revitalized its brand presence with improved offtake, responding to the growing demand in modern trade and general trade/distributor operations, while successfully navigating rising food costs.

Notably, e-commerce sales have more than doubled, highlighting the effectiveness of the company’s strategies.

The beverage segment is also experiencing a vibrant recovery, with back-to-back marketing campaigns across various brands. The Group kicked off the year with the energizing “Give in to Goodness” summer campaign, effectively addressing the heat wave affecting the country.

The 100% Pineapple Juice line has thrived under the successful “HeartSmart” campaign, promoting its cholesterol-lowering benefits. Additionally, the introduction of the Fit ‘n Right Green Apple flavor, featuring L-carnitine and green coffee extract, is set to aid in fat burning.

In the culinary segment, Pasta Sauce is leading growth with a comprehensive program centered on birthday celebrations. The Mixed Fruit category is also thriving, driven by the popularity of the Del Monte Fiesta brand as a delightful ingredient for desserts and the Today’s brand enhancing its presence in regional festivities. This strategy has resulted in a significant 4% point increase in Del Monte’s market share in Mixed Fruit to an impressive