Nestle India plans up to 3-dozen product launches in 2019, eyes higher exports

FMCG major Nestle India has lined up nearly two-three dozen products that it plans to launch in calender year 2019 across categories in the country to drive its aggressive growth plans, Chairman and Managing Director Suresh Narayanan said Monday.

The company, whose 6 per cent revenues come from exports, is now looking to tap more overseas markets by targeting countries with higher Indian diaspora such as SAARC and South East Asia.

"In 2018, our core brands have performed well...We look forward for greater acceleration as we go forward....We have two-three dozen projects (products) in pipeline for launch in 2019. These products are across categories," Narayanan told reporters.

Reiterating the company's focus on the Indian market, he said, "As an organisation the one clarion call that we are working to is that we are in the business of growth to thrive and not to survive...It is not a survival mode that we look at the opportunity in India or the opportunity for growth..but a thriving mode."