Nestle is looking to offer healthier options to consumers in India
Faced with over 60% of its product portfolio falling into the “unhealthy” segment, Swiss food giant Nestle is looking to reduce the sodium content and launch new products that offer healthier options to consumers in India as well as globally. A leaked internal document has prompted the company — which has milk, instant noodles, soups,…
Nestlé launches dairy-free Milo in Asia as dairy alternatives segment grows
Swiss food giant Nestlé is launching plant-based versions of some of its most-loved brands in Asia as consumers include more dairy alternatives in their diet. That now has a new plant-based version of Milo, the world’s leading chocolate malt beverage. This new version replaces the milk in the original recipe with almond and soy, but…
Nestlé launches dairy-free Milo in Asia as dairy alternatives segment grows
Swiss food giant Nestlé is launching plant-based versions of some of its most-loved brands in Asia as consumers include more dairy alternatives in their diet. That now has a new plant-based version of Milo, the world’s leading chocolate malt beverage. This new version replaces the milk in the original recipe with almond and soy, but…
India is considered to be No 1 potential chocolate market of the world
India has long been known for its love affair with sugar. Sweets play a major role in festivals and family celebrations and delicacies such as gulab jamun — fried dough balls soaked in syrup —and barfi —made with condensed milk — are popular gifts. Not only is India the world’s biggest consumer of sugar, it’s…
Nestlé India is looking to expand its footprint in the rural markets
Amid subdued growth in the urban markets, Nestlé India is looking to aggressively expand its footprint in the rural markets, with a target to reach 1,20,000 villages in the next 2-3 years, bolstered by targeted products as well as campaigns, Suresh Narayanan, Chairman and Managing Director, Nestlé India said. Speaking to select mediapersons, Mr. Narayanan…
Nestle Registers Single-Digit Growth In Indian Market For 2nd Quarter
Swiss food and drink company Nestle has reported a ‘mid-single-digit growth’ in the Indian market in the July-September quarter, helped by its popular brands Maggi, Nescafe and KitKat. Overall, the South Asian market has”continued to perform well”, Nestle said on Wednesday in its post earning statement. “India posted strong mid-single-digit growth, with good momentum in…
April-June performance by dairy majors showed slow growth against no growth despite Covid-19
Nestle showed a marginal decline in Profit before tax from Rs 659 Crores in Qtr 1 last year to Rs Rs 652 Crores in Apr-Jun 2020. Total revenue showed a micro growth of 1.7% to Rs 3050 crores as against Rs 3000 Crores reported last year. Net profit for Apr-Jun quarter showed a growth of…