Nestle India CMD Dismisses NGO Accusations on Baby Food
Recently, Nestle India CMD Suresh Narayanan was in the hot seat as he fielded questions on the sugar controversy triggered by a recent report released by Swiss investigative organisation Public Eye. Narayanan vehemently dismissed accusations made by the Swiss NGO about Nestle having “double standards” for developed and developing markets. The report alleged that Nestle’s […]
Nestle says added sugar levels in Cerelac below FSSAI standards
Nestle India on Monday said that its baby food brand Cerelac is in compliance with the country’s local food laws with “added sugar” levels being “much lower” than permissible upper limit set by the FSSAI. The company emphasised that the allegations of “racial stereotypes” made by Swiss NGO Public Eye’s report are “untrue”. The packaged […]
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 […]
Business strategy needs to factor in war impact’
Nestle India’s CMD, Suresh Narayanan, has stated that the war in West Asia will bring challenges for businesses, including the impact on commodity inflation. Narayanan also highlighted the importance of penetration-led volume growth and cost efficiency management as key strategies for the company. While inflation has decreased, Nestle does not see a strong case for […]
Nestle India expands direct distribution, deepens rural coverage
In line with its rurban growth strategy, Nestle India has expanded its direct distribution to 1.5 million outlets in 2022 and is also deepening its rural coverage. The FMCG major has increased its overall distribution network to 5.1 million outlets, which includes direct and indirect distribution in 2022, from 4 million outlets in 2016. On […]
Nestle India may hike prices, to venture into small towns
Amid inflationary pressures across industries, Fast-Moving Consumer Goods (FMCG) major Nestle India could look at hiking prices in extreme cases where where it unable to absorb the rise in commodity prices. The company has shifted its focus on brands that will provide better value outcomes. Speaking to businessline Suresh Narayanan, Chairman and Managing Director of Nestle India, […]
Nestle India eyeing new categories to push growth : Suresh Narayanan
Nestle India is looking to tap opportunities in new categories such as ‘healthy ageing’, ‘plant-based nutrition’ and ‘healthy snacking’ to boost growth in the country, as per its Chairman and Managing Director Suresh Narayanan. Narayanan on Wednesday also said that the company’s existing businesses, ranging from nutrition, breakfast cereals and beverages to chocolate and confectionery, […]
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 […]