New Nestle products will take a year

Consumers will have to wait for another year to sample some of the new offerings from Nestle India.

The Indian unit of the world’s number one foods company will roll out new products next year, said Nestle India’s chairman and managing director Antonio Waszyk at an analyst meet last week.

Nestle had called the meet to apprise analysts of developments at the firm.

While Waszyk declined to indicate which products would make it to retail shelves here, analysts say that breakfast cereals , a category where Nestle has a strong presence worldwide, could be launched.

At a press meet a few months ago, Waszyk had said breakfast cereals was one among the eight food categories the firm was looking at. Currently, the maker of Maggi noodles and Nescafe derives 44 per cent of its revenues from milk and nutritional products, followed by 28 per cent from prepared dishes and cooking aids and 14 per cent each from beverages and chocolates, respectively.

The Rs 6,274-crore foods major has been looking to expand its portfolio of products to capitalise on the growth in the organised food and beverage market in India.