South African food producer RCL Foods is producing about 227 000 jars of mayonnaise a day.
Nola Brand remains to be one of the country’s leading mayonnaise products. The brand is backed by billionaire businessman Johann Rupert’s investment vehicle, Remgro, which owns a 79.5% stake in RCL Foods.
RCL Foods owns well-known South African brands, including Sunbake, Selati, Pieman’s, YumYum, Bobtail, Ouma, Catmor, Monati, and Nola.
The company recently released its results and fact sheet for the year ended June 2026, which revealed that Nola is one of its R1 billion+ revenue brands. According to RCL Foods’ 2026 Fact Sheet, Nola Mayonnaise holds 41.5% volume share of the South African market. RCL Foods said it produces 227,000 jars of mayonnaise per day, showing the immense scale of the Nola brand.
The company’s website states that 144,000 bottles of Nola 750g mayonnaise are sold every day.
In RCL Foods’ 2026 financial results, Nola was one of three brands in the Culinary segment that maintained its market share and category leadership during the year.
While the group’s Culinary segment saw its volumes decline by 2.9%, the dressings category, which is anchored by Nola, saw volumes grow. RCL Foods said it continues to focus on growing the Culinary core as a central part of its branded growth strategy.
The company’s latest results, released on 31 August, disappointed some investors, as RCL reported a decline in revenue, EBITDA, and earnings. RCL’s revenue dropped 4.1% to R24.5 billion, which is attributed to low prices and volumes in its Sugar division, alongside declines in its Milling and Pet Food units.
The food producer’s EBITDA fell by 15.2% to R2.17 billion, and by 8.6% on an underlying basis, which excludes raw material commodity fair value adjustments and once-offs. RCL’s headline earnings per share (HEPS) plunged 32.8% to 105.1 cents, with underlying HEPS down 27.5% to 105.9 cents.
Its return on invested capital fell to 9%, down from 13% in 2025, due to this lower profitability combined with increased capital expenditure and inventory levels.
RCL’s Sugar division has historic roots inside the company, with its sugar mill operations in Malelane, Mpumalanga, dating back 61 years.
