Hong Kong beverage giant Vitasoy’s revenue dips 6% as mainland China demand slows
Maker of tea drinks and soy milk says consumption potential is strong despite intensifying competition in mainland China
The maker of tea drinks and soy milk posted interim revenue of HK$3.23 billion (US$415 million) and a net profit of HK$172 million, a 1 per cent year-on-year increase. The figures contrasted with the company’s performance for the full financial year ended March, when revenue rose 1 per cent and net profit surged 102 per cent.
Vitasoy has been offering 10 to 15 per cent discounts for its tea products since November 2024 and has increased promotional expenses for its soy milk products.
Guidetti said he expected long-term opportunities in mainland China, noting that its per capita beverage consumption was lower than some developed markets.
