Page 2 - Nestle

Crisis does not come with a calling card: Nestle MD Suresh Narayanan

An aspiring civil servant who became an accidental corporate executive and eventually Nestle's 'crisis man', Nestle India's outgoing Chairman and Managing Director Suresh Narayanan believes crisis does not come with a calling card and wants his successor to keep the organisation vigilant. In an interview with PTI before he hangs up his boots at the end of this month, Narayanan, who brought back Nestle India from an 'existential crisis' in 2015 after the Maggi fiasco to a thriving organisation, said there is opportunity even in crisis, and engaging with community, people and focusing on the goal of satisfying the consumer is a leadership he learnt from his varied experiences, including in Egypt. Having gone through crises, including leading Nestle Singapore during Lehman Brothers collapse, and Nestle Egypt during the Arab Spring, Narayanan quipped that once his "boss" asked him to consult his astrologer and check his horoscope. "The next crisis is always round the corner. So you cann

India is key driver of future growth for Nestle, says MD Suresh Narayanan

India will be a 'key driver of growth for the future' for Nestle which has "faith" in the market that offers a 'large consumption basket', according to Suresh Narayanan, the outgoing Chairman & Managing Director of its Indian arm. The economic and political stability offered by India coupled with 'high consumer resonance' of the company's brands make it an attractive market, he told PTI in an interview. The Swiss FMCG major, which had faced an existential crisis with the Maggi fiasco in 2015, has long left behind the chapter and is investing to enhance capacity, product innovations, expansion of sales network to digitisation for having a "value added journey", said Narayanan who will be retiring by end of July. "I can foresee that even if I am not there at the helm, but the market attraction, the levels of investment and the future of Nestle will continue to be bright in this country," he said when asked how he saw Nestle in the next five years in India. Elaborating, he said, "I ..

Nestle India Q1 profit down 13% to Rs 647 cr, Manish Tiwary named CMD

Nestle India's Q1 profit declined for a second quarter amid high costs; volume growth in key categories and strong e-commerce helped offset margin pressures

Crisis is the new normal: Nestle India's outgoing CMD to successor

FMCG market stabilising now, Narayanan tells shareholders during company's AGM

Nestle to name ex-Zara chief Pablo Isla as next chairman in April 2026

Bulcke, a 70-year-old Belgian and Swiss national who has been chairman of the board since April 2017, joined Nestle in 1979 and served as the company's CEO from 2008 to 2016

Nestle SA makes first India funding, buys stake in pet food brand

The global FMCG giant has acquired a minority stake in pet food brand Drools, which recently achieved unicorn status and will remain operationally independent

Nestle India tumbles 4%, nears 52-wk low as BoFA downgrades to Underperform

The decline in Nestle's share price came after reports suggested that global brokerage firm BoFA Securities has downgraded the stock to 'Underperform' from 'Neutral.'

Nestle India considering price hikes to counter commodity inflation

Profits at Corporate India came under pressure in the October-December quarter due to the double whammy of consumers cutting back due to inflation in large cities and high prices of commodities

Nestle beats sales forecasts but expects profit margin to shrink in 2025

Under new CEO Laurent Freixe, the company is trying to grow sales volumes, invest in innovation and restore investor confidence after years of soaring prices alienated shoppers

Nestle India Q3 results: Profit rises over 6% to Rs 696 cr, revenue up 4%

For Nestle India, home to Nescafe instant coffee and KitKat chocolate brands, revenue increased nearly 4 per cent to Rs 4,780 crore

Buy or Sell? This MNC FMCG stock trades at 7-yr support; can fall up to 22%

Nestle India share price has tumbled nearly 23% in the last 4 months, and now trades 5% away from its key long-term support on the monthly chart; the stock has held since November 2017.

E-commerce just got bigger: FMCG brands like ITC, Amul, Nestle lead the way

FMCG giants like ITC, Nestle, Amul, and Dabur are expanding their e-commerce platforms across cities, offering up to 30 per cent discounts, aiming to boost customer base and direct sales

No impact of Swiss withdrawal of MFN status to country: Nestle India

FMCG major Nestle India on Thursday said the suspension of the MFN (most favoured nation) clause granted to India by Switzerland will have 'no impact' on the company. The suspension of MFN status under the Double Taxation Avoidance Agreement (DTAA) is a policy issue between the government of India and Switzerland and is not 'Nestle-specific', the FMCG firm said in a statement. Nestle India, which owns popular brands such as Maggi, Nescafe and KitKat, said the company was already "deducting 10 per cent withholding tax" on cross-country payments. Earlier on December 11, the Swiss government had announced the suspension of the MFN status granted to India following a ruling by the Supreme Court of India, which in a judgement last year had said MFN status under the DTAA cannot be enforced unless notified under Section 90 of the Income Tax Act. This judgement of the apex court had come in a case related to Nestle, where it overturned an earlier order passed by the Delhi High Court in 202

Nestle rolls out protein shots for US weight-loss drug users to curb hunger

The weekly weight-loss injections mimic an intestinal hormone called GLP-1 and curb people's appetite, promoting a feeling of fullness

Switzerland suspends MFN: What is the clause and its meaning for India?

Explained: What is the most favoured nation clause and why did Switzerland suspended it for India after the Nestle's 2023 Supreme Court ruling

Equity boom spurs shareholder activism, reshapes corporate boardrooms

Large investors now assert their right to have a say in investee companies, underscore analysts

Nestle to cut costs by $2.8 bn, boost marketing under CEO Laurent Freixe

The repercussions continue to weigh on the Swiss company's revenue after shoppers switched to cheaper, better advertised or more innovative brands, eating into Nestle's market share

Nestle and P&G probe palm oil sourcing after Indonesia deforestation claims

Some images, which RAN said were taken during a field investigation in February 2024, showed that oil palm seedlings were planted on burnt ground surrounded by fallen trees inside the reserve

Nestle India net up 8.6% at Rs 986 cr in Q2 as demand remains a challenge

The firm to launch 14 'no-refined sugar' variants of Cerelac next month, on the heels of allegations that the brand added sugar to its baby foods in low and middle income countries

Nestle to launch of 'no refined sugar' variants of infant food Cerelac

FMCG major Nestle India on Thursday said it will soon launch variants "with no refined sugar" of its infant food Cerelac. The announcement is important as Nestle India, part of Swiss multinational Nestle SA, recently faced criticism for having added sugar in Cerelac. In the company's earnings statement CMD Suresh Narayanan said: "We have achieved our ambition of introducing Celerac variants with no refined sugar." This was initiated three years ago and culminated this year with the introduction of new Cerelac variants with no refined sugar, he added. "The expanded Cerelac range in India will now consist of 21 variants, of which 14 variants will have no refined sugar," he said. Of these 14 variants, 7 will be available by end of November 2024 and the rest will be introduced in the coming weeks, he added. In April this year, Public Eye, a Swiss investigative organisation, and the International Baby Food Action Network (IBFAN), alleged that Nestle added sugar to its Cerelac products