 "The Nestle logo is pictured on the company headquarters entrance building in Vevey, Switzerland")
Swiss FMCG major Nestlé on Thursday said its Indian business reported a strong growth in 2016 despite some disruptive impact of demonetisation with Maggi continuing to regain market share.
The company, which had suffered a setback in 2015 after its popular product Maggi noodles was banned, said it has regained the market share in the segment following a re-launch after five months.
“Our business in India grew strongly despite some disruptive impact from demonetisation at the end of the year," Nestlé said in a statement.
Maggi noodles continued to regain market share, the company said, adding that confectionery also did well with KitKat.
During
