Infant-formula and baby-food supplier Bellamy’s Australia swung back into the black in its most recent financial year but was unable to give full guidance for its new fiscal period amid continued uncertainty about a portion of the company’s sales in China.

Bellamy’s booked profit of AUD43.2m (US$31.5m) for the 12 months to 30 June, compared to a loss of AUD809,000 in the previous financial year. Revenue jumped 37% to AUD328.7m.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

However, Bellamy’s said “a longer than anticipated delay” in securing registration from Beijing for the sale directly in stores of Chinese-label infant formula meant it could only give sales guidance for the new financial year for its Australian-label business.

Bellamy’s is still selling products in China, marketing its Australian-label formula through cross-border, e-commerce platforms in the country.

The company’s Camperdown Dairy plant is manufacturing the Chinese-label formula for sale in China and submitted the application for the Bellamy’s brand in December 2017.

See Also:

Bellamy’s said the factory has already received a registration from the SAMR for another customer and started manufacturing for that client earlier this year. Consequently, Bellamy’s said it “remains confident” the site will secure the registration for the Bellamy’s brand.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

In a statement, chief executive Andrew Cohen said: “We remain confident in our application for [China] State Administration for Market Regulation registration. This registration specifically relates to Chinese-label product sold exclusively in offline channels in China. While this channel contributed less than 6% of Bellamy’s sales in fiscal year 2018, we believe it represents an important future platform for growth and continue to plan for a winning distribution model pending approval.”