Aug 01, 2021

Nestomalt prices upped by 10%

Nestlé Lanka PLC has has increase the price of the 175g pack of Nestomalt twice within the last three months.

Touted as Sri Lanka’s favourite malted food brand, the product was priced at Rs. 150 in February 2021 before being increased to Rs. 160 in late March.

In early May, the priced has been upped by Rs. 05 again to Rs. 165.

Accordingly, the price has been increased by 10% in the last three months.

Recently, it has come to light where multinational companies have arbitrarily increased prices of their products.

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