Big Food is tapping expertise in AI and genetics to navigate a sea change in the way consumers make choices, which has upended businesses from transportation to television
India's breakfast cereal market is projected to touch Rs 26.1 billion by 2020, from Rs 14.4 billion in 2015
GSK Consumer health drink brand Horlicks and and Kraft Heinz's Complan are looking for a potential buyer, says report
Nestle lays stone for $55 mn coffee factory in Cuba
Blue Bottle represents little more than 0.1% of Nestle's annual sales, according to Bernstein's Wood
FMCG major Nestle India today said it has reformulated its white chocolate brand, Milkybar, to reduce the sugar content by 10 per cent. The sugar is replaced by higher quantity of milk and the percentage of milk in the new Milkybar has been increased by close to 8 per cent with the sugar reduced by about 10 per cent, on per 100gm basis. The Swiss company has undertaken a similar exercise in the UK for the brand. "The focus right now is our main Milkybar tablet business with the three SKUs of Rs 5, Rs 10 and Rs 20. The same Milkybar coating will go in all the other Milkybar confectionery that we make. Milkybar choo will have the same coating. We will also have some new products in the future, which will use the same science and technology that we have done and other formats of Milkybar also," Nestle India General Manager- Chocolate & Confectionery, Nikhil Chand, told PTI here. Milkybar is a dominant player in India in the white chocolate space and is the second biggest market .
As a precursor to bigger changes under the company's new leadership
Nestle started with coming together of bitter rivals
Company is under pressure to improve margins, buy-back shares, get rid of non- core businesses
Seniors are playing a key role in shifting China's economy away from exports and toward consumption
The initiative follows a similar project carried out by Nestle in Europe in recent years
The investment would flow during three financial years on its 'Jagriti' project
Nestle is betting on its pharma business to reduce dependence on Maggi in India
In its annual report for 2016, CMD Suresh Narayanan says exploring ways to bring in 2,000 brands
Strap: Bets on health sciences, skin care and specialised products New Delhi, 7 MarchAfter dominating the shelves of Indian retail and medical stores for over 104 years with its packaged foods and infant formulations, Swiss FMCG major Nestle has decided to change its game plan. The firm, which operates in 189 countries and owns over 2,000 brands, is working on a road map to shed the 'food and nutrition company' tag and emerge a diversified entity by doubling the number of brands outside the food and nutrition segment in India. Nestle India's latest plan is in line with its global strategy of strengthening the non-food portfolio.Nestle India's new-found focus is heavily dependent on the success of two highly profitable business segments - health sciences and infant nutrition. The firm is also planning to strengthen its skin care and hair care portfolios catered through two firms - Galderma and L'Oreal."Nestle is not just a food company and a new complexion of Nestle will be clearly ...
Various macro economic and political factors are unsettling companies. Where does the India business stand for Nestle?Global macro economic conditions are going to remain volatile and Nestle is preparing for that. The whole globalisation paradigm is under question. How these factors affect organisations is still to be seen. Earlier, Asian counties like Turkey and Indonesia were growing very fast for us; that has come down over time. Demonetisation in India has led to Rs 100 crore loss of sales for us in the December quarter. But, India continues to remain our focus and we expect it will drive growth for Nestle in the coming years. The message we get from the global leadership is, growth with efficiency and (better management of) cost is going to be the way forward.Growth in India has been missing for you for the past four-five years. How do you plan to address that?First, value equations that can offset the downside risk of losing volumes will be a key area. For example, in infant ...
Maggi noodles continued to regain market share, the company said
Growth in emerging markets, previously the growth driver, slowed to 5.3% from 7% a year ago
The FMCG major reported a decline of 8.66% in its standalone net profit to Rs 167.31 crore
Nestle has developed a process to alter the structure of sugar that makes it taste sweeter in smaller amounts