Fonterra and Nestlé partner to create net zero carbon emissions dairy farm
The partnership hopes to achieve a “New Zealand first” – a commercially viable net zero carbon emissions dairy farm. The five-year project will be run with co-partner Dairy Trust Taranaki and will examine all aspects of the 290-hectare farm’s operations to reduce carbon. The initiative aims to cut emissions by 30% by mid-2027, with a…
Nestlé Is Set To Release Animal-Free Dairy Products This Year
Food and beverage giant Nestlé has announced that it is “exploring” the potential of animal-free dairy through a partnership with California-based Perfect Day. The news makes Nestlé the latest in a growing list of established and start-up companies to look to the alternative dairy protein manufacturer as a supplier for new product lines. Starbucks and Mars are included in…
Nestle gung-ho about India, to invest 5000 Crores by 2025
Buoyed by the heralding of an “Indian age” in its business, Nestle has charted a ₹5,000-crore accelerated investment plan till 2025 to grow its India business. Speaking at a select media roundtable on Friday, Mark Schneider, CEO, Nestle SA, said: “We’re not only talking about an Indian decade here … but about the Indian age…
Nestle Q4 results: Net profit dips 20% YoY to Rs 387 cr; rev up 9%
FMCG giant Nestle India on Thursday reported a net profit of Rs 386.66 crore for the October-December quarter, down 19.99 per cent year-on-year (YoY) from Rs 483.31 crore recorded during the same period last year. The company’s revenue from operations came in at Rs 3,739.32 crore, up 8.93 per cent YoY compared to Rs 3,432.58…
Covid speeds up Nestle’s brands’ geo-target approach
The consumer goods company is leveraging its cluster strategy to launch products tailored to local tastes and preferences Consumer goods firm Nestle India’s Chairman & Managing Director, Suresh Narayanan, believes that the days when a company had one product, took it across the country, and advertised it nationally is well and truly over. “It is…
Ananda and Mother Dairy are value for money brands in dairy whiteners
There has been a surge in the consumption of dairy whiteners these days. Those who use them in coffee and tea find it dissolves easily and gives their tea a very great whitening ability. We have a good number of dairy whitener brands available in the market which gets sold on different claims. Be it…
Inflation in milk,coffee and commodities makes 2022 a difficult year : Nestle
Nestle India chief Suresh Narayanan on Monday said that 2022 will likely be a “difficult year” as commodity prices are expected to rise and result in the spectre of food inflation for the manufacturers. The leading FMCG player, well known for household brand names like Maggi and Milkybar, is anticipating an escalation in the prices…
Rabobank 2021 Global Dairy Top 20 Report released
On August 25th, 2021, Rabobank of the Netherlands released its annual Global Dairy Top 20 Report. Dairy giant Yili Group once again clinched the fifth spot following the previous year, remaining leader of Asia for the eighth consecutive year as the only Asian dairy company among the Top 5. Strong financial performance despite Covid-19 With the Covid-19 pandemic still raging…
Rabobank 2021 Global Dairy Top 20 Report released
On August 25th, 2021, Rabobank of the Netherlands released its annual Global Dairy Top 20 Report. Dairy giant Yili Group once again clinched the fifth spot following the previous year, remaining leader of Asia for the eighth consecutive year as the only Asian dairy company among the Top 5. With the Covid-19 pandemic still raging across the world, Yili has…
Nestle India net profit rises 10.68% to ₹538.5 crore in June quarter
Nestle India on Wednesday posted a 10.68% increase in its net profit to ₹538.5 crore for the quarter ended June 30. The company, which follows the January-December financial year, had reported a net profit of ₹486.60 crore in the year-earlier period. However, on a sequential basis, the company’s profits were down 10.5% from ₹602.2 crore…