India becomes largest market for Maggi in FY24, company to launch Nespresso by 2024-end
Nestle India posted a net profit of ₹934.17 crore in the March quarter, up 27 per cent year-on-year, on the back of strong growth momentum across its product portfolio. Revenue from operations rose 9.05 per cent to ₹5,267.59 crore. The company announced that it has inked a definitive agreement with Dr. Reddy’s Laboratories to form a […]
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, […]
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 […]
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 […]