Nestle also announced plans to launch organic food products in the category 'milk products and nutrition' in the coming months
Royalty has been a contentious issue in India with proxy advisory firms and investors
The higher input cost impact on margins may be offset by premiumisation, cost efficiency measures and price hikes
Nestle India had sold 254,553 mt of food items under its flagship brand Maggi in 2014. Its volume sales in the category stood at 240,879 mt in 2018 - 5.4% lower
The fragmented consumer health sector is attractive for deals because of aging populations in many industrialised nations, increased interest in health and rising incomes, analysts say
The firm is launching a consumer outreach campaign, starting Saturday, to allay any fears about presence of harmful ingredients in the popular instant noodle
Nestle, said experts, is also keen to expand its nutrition business in the country in line with its global strategy
Though management indicated input cost pressure, price hikes and cost efficiency should help protect margins
The company has stepped up marketing activities in order to strengthen its brands, says Nestle Chairman
The GST anti-profiteering body probed a complaint against Nestle for not cutting prices of its products
Nestle's highest-ranking executive in Asia, Wan Ling Martello, is planning to take on a new job rather than retiring
'We are starting to see improved momentum in North America and in our infant nutrition category globally'
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