Vinamilk's consolidated revenue in the third quarter approaches the 17 trillion VND mark

(Chinhphu.vn) - Vinamilk's total consolidated revenue in the third quarter reached VND16,968 billion, up 9.1% over the same period. Accordingly, the total consolidated revenue in the first 9 months reached VND46,678 billion, up 0.7% over the same period. Both domestic and foreign business activities of Vietnam's leading dairy company grew compared to the previous quarter.

Vinamilk's third-quarter revenue growth in the domestic market was thanks to increased store coverage; new products and diversified consumer approaches - Photo: VGP/Vi Nam

Revenue increased both domestically and internationally

In the domestic market, domestic consolidated net revenue increased by 4.4% year-on-year to VND13,494 billion, contributing 79.6% of consolidated net revenue in the third quarter. Growth drivers came from digital transformation and contributions from e-commerce; increased coverage of Vinamilk stores; new products and effectiveness from marketing campaigns.

Accumulated for 9 months, domestic consolidated net revenue reached VND 37,118 billion, although still lower than the same period in 2024 mainly due to the impact of the first quarter, the decrease has narrowed significantly thanks to positive results in the second and third quarters.

Meanwhile, international business continued to contribute over 20% to the company's consolidated revenue in the third quarter. Vinamilk's consolidated net revenue from overseas increased sharply by 32.6% over the same period, reaching VND3,459 billion. Key markets in Asia and Africa grew strongly.

Accordingly, the growth of consolidated foreign net revenue in the first 9 months has improved significantly compared to the first 6 months, reaching VND 9,494 billion and increasing by 13.7% over the same period. Excluding exchange rate differences, foreign net revenue in the third quarter and the first 9 months of 2025 increased by 25.7% and 9.5% over the same period, respectively.

Consolidated pre-tax profit (PBT) and post-tax profit (PBT) in the third quarter reached VND3,126 billion and VND2,511 billion, respectively, up 6.2% and 4.5% over the same period. Accumulated for the first 9 months, consolidated PBT and PBT reached VND8,173 billion and VND6,586 billion, respectively, equivalent to earnings per share of VND2,804.

Vinamilk is present and affirms its position as the leading milk brand in Vietnam, reaching international standards at major exhibitions and fairs - Photo: VGP/Vi Nam

According to Ms. Mai Kieu Lien, General Director of Vinamilk: "Vinamilk's third quarter revenue and profit show that we are on the right track in our journey of repositioning the brand and digital transformation. The improvement from both domestic and foreign business activities is an important foundation for the Company to complete the business plan approved by the General Meeting of Shareholders".

Effective digital transformation, increasing coverage of Vinamilk store system

Profit growth reflects improvements in the company's business and operations. Consolidated gross profit margin in the third quarter of 2025 increased by 60 basis points year-on-year thanks to improved sales volume and relatively stable production costs. Operational efficiency improved significantly as revenue grew by nearly 10% but selling expenses increased by only 7.1% year-on-year. In the first nine months, consolidated gross profit margin reached 41.4%, 50 basis points lower than the same period, mainly due to the impact of the first quarter.

Vinamilk has begun to reap the benefits of digital transformation. The company is now using artificial intelligence to automate the entire delivery image control process, processing hundreds of thousands of images every day in just a few minutes with high accuracy. This initiative not only helps the company eliminate manual image checking but, according to Amazon, can save $3 million in operating costs each year, ensuring that goods are delivered accurately, completely and quickly.

At the same time, the "dairy giant" also increased the coverage of its store system. In 2025, the company renovated and opened hundreds of new stores to serve consumers. Currently, 100% of Vinamilk stores have been synchronized with the new brand identity. Vinamilk representatives said they will continue to expand stores according to market demand and continuously review the performance of existing stores. In the third quarter, revenue from Vinamilk stores and e-commerce maintained high double-digit growth compared to the same period and accelerated compared to the first 6 months of the year.

Leveraging the scale and prestige of the brand, Vinamilk seamlessly combines online and offline presence - using offline power to attract consumers online, and online interaction to bring them back to offline points of sale. This model helps reach consumers at every touchpoint, while keeping the brand dynamic and modern.

Vinamilk stores have been changed synchronously according to the new brand identity - Photo: VGP/Vi Nam

New products create trends with consumers

"Instead of just following trends, we proactively shape trends. Vinamilk continuously introduces new product lines that apply the world's leading advanced technology, developed and produced in Vietnam for the first time. We create and innovate products based on deep understanding of consumers, meeting nutritional needs according to personalized and specialized trends. In particular, we bring global nutritional science achievements closer to Vietnamese consumers," said Mr. Nguyen Quang Tri, Marketing Executive Director of Vinamilk.

Key innovations in the third quarter included: Completion of new packaging changes for adult milk powder, marking the completion of the identity change for the entire category; launching new products such as black sesame soy milk and oat milk.

Notably, for the first time, the company launched the HayDay brand Kombucha beverage product. The difference of HayDay Kombucha is that it has a fermentation time of up to 6 months and is a carbonated product compared to other products on the market that only have an average fermentation time of 21-30 days and are not carbonated.

The successes and achievements have brought Vinamilk into the Top 5% of the world's strongest brands for the first time with an AAA++ rating (the highest rating) and Top 3 global milk brands according to the Brand Strength Index announced by Brand Finance ( the world's leading brand valuation organization) in August 2025.

Phuong Dung

Source: https://baochinhphu.vn/tong-doanh-thu-hop-nhat-quy-iii-cua-vinamilk-tien-sat-cot-moc-17-nghin-ty-dong-102251030230601826.htm