Almarai expects commodity cost challenges in 2022, partial rebound in consumer market

Almarai headquarters

Almarai Co. expects commodity costs to be “equally challenging,” as seen in 2021 in the next 12 months, the company said in a statement issued with the 2021 financial results.

This will be partially offset by a rebound and resilience in the consumer market and focus on quality products innovations, process, and cost efficiency.

The dairy producer expects positive performance in 2022.

Almarai reported a 21% profit decline year-on-year (YoY) to SAR 1.56 billion in 2021, Argaam said.