Tough road ahead for Nestle India's MD-designate

The country's largest food company by revenue will need to initiate quick measures to get back to the growth path, say analysts

Suresh Narayanan

The ban and recall of Maggi noodles will not be the only challenge for Nestlé India's Managing Director-designate Suresh Narayanan. The 55-year-old executive, who takes over on August 1, will have a bigger task of propping up growth rates in the coming quarters. The country's largest food company by revenue has seen its weakest rate of growth in the last two years, with revenue growth falling to about eight to nine per cent from a long-term average rate of 14-15 per cent. Nestlé India said in its annual report for 2014 it had to contend with a discretionary ...