Page 4 - Nestle

Infant food formulated globally, stereotype charges unfortunate: Nestle

Nestle India Chairman & Managing Director Suresh Narayanan on Monday asserted that the company's infant food formulation for children below 18 months is done on a global basis and the allegation that "it is racially stereotyped is unfortunate" and untrue. Addressing reporters here, he said the amount of sugar content in infant foods is determined by the capability to meet the nutrition profile of a particular age group and that is universal. Nestle India's added sugar content in Cerelac is much lower than the upper limit prescribed by FSSAI, he added. "There is nothing in this product that makes it a product that is potentially of any risk or any kind of harm to the child," he said. As far as Nestle is concerned, he said a majority of sugars present in the product are natural sugars. As per the Food Safety & Standards Authority of India (FSSAI), the permissible level of added sugar is 13.6 grams per 100 grams of feed. "Nestle is 7.1 grams, which is well below the standards and

Nestle misses sales estimates after hiking prices across board in Q1

The maker of Maggi noodles, Nescafe coffee and KitKat chocolate wafer bars confirmed its 2024 guidance of organic sales growth of about 4 per cent

HUL rebrands Horlicks as 'functional nutritional drink', removes 'health'

Rebranding offers clearer and more transparent representation of the product category, says company

Are Nestlé's baby food products really good for infants and children?

Nestle, the world's largest consumer goods company, has come under scrutiny after a recent report that revealed it adds sugar and honey to infant food products in various countries, including India.

ED seizes Raj Kundra's home, Nestle shares fall, Phase 1 polling & more

Stay ahead of the curve with our speedy recap of today's top news stories!

Here's what will happen to Nestle if found guilty in sugar controversy

'Nestle adds sugar to infant milk sold in less affluent nations, including India, but not in its primary markets like Europe or the UK,' said a report by Public Eye

Nestle adds sugar to baby food 'only in poor nations', not in UK & Europe

A report by Public Eye says that in India, all 15 Cerelac baby products contain an average of nearly 3 grams of sugar per serving

Nestle India approves hiking royalty payment by 0.15% annually for 5 yrs

FMCG firm Nestle India Ltd on Friday said its board has approved increasing royalty payment to its parent firm by 0.15 per cent annually for the next five years, thereby enhancing it to 5.25 per cent of net sales. The board of directors, on the recommendation of the Audit Committee, approved the payment of general licence fees (royalty) by the company to Societe des Produits Nestle SA (licensor), at the rate not exceeding 5.25 per cent, net of taxes, of the net sales of the products sold by it, Nestle India Ltd said in a regulatory filing. The increase will be as per the terms and conditions of the existing general licence agreements, "payable in a staggered manner over the period of five years by making an increase of 0.15 per cent per annum over the current license fees of 4.5 per cent per annum effective from July 1, 2024", it added. The board has recommended the same for approval by the shareholders of the company through a postal ballot, it said. Earlier, Nestle India, which .

FMCG sector to see subdued growth till Sept quarter of 2024: Kantar report

The fast-moving consumer goods sector will have a "subdued" growth till September quarter in 2024 due to factors including an uncertain outlook for the agricultural sector, said a report from data, insights, and consulting firm Kantar. The agricultural sector has uncertainty and the upcoming general elections would not surge the consumption of FMCG (fast-moving consumer goods) products, according to Kantar Worldpanel's FMCG pulse report. But it expects growth to get "progressively" better after September, and the year might yet turn good, especially in the second half, helped by good Rabi harvests. Some summer-related categories and even laundry products will help the industry to an extent, however, the growth in these categories combined will have a negligible impact on overall FMCG, it added. "As a result, we do see FMCG growth to be subdued, at least until Q3 of 2024. Keeping in mind the stronger first half of 2023, we may even end up seeing some stagnation in the early part of

Nestle investing Rs 6,000-6,500 cr to expand manufacturing in India: CMD

FMCG major Nestle is expanding its manufacturing footprints and operations in India, for which it will end up investing Rs 6,000 to 6,500 crore between 2020-2025, to meet the growing demand, its India Chairman and Managing Director Suresh Narayanan said on Wednesday. From its inception here to 2020, Nestle India has invested Rs 7,000 crore but the investment in the last five years by the company is more than what it had done in the last 20-25 years, said Narayanan in a media round table here. Earlier, Nestle India had announced to invest Rs 2,000 crore between the years 2000 to 2020 and again in 2022, it announced to invest Rs 5,000 crore on expansion, which was to be invested by 2025. "So if you take out the common years in the middle of the investment, the net investment would have been about Rs 5,800 crores. We are well on that track. I think Rs 3,200 crore has already been invested between 2020 and 2023," said Narayanan. Nestle India, which owns popular brands such as Maggi, ..

FMCG giants embrace real-time data exchange for quick commerce channels

FMCGs including Nestle, ITC, Parle Products, LT Foods, and Coca-Cola, are leveraging real-time data exchange and demand forecasting to prevent stock-outs on quick-commerce platforms

Stocks to Watch: Nestle, Zee Ent, Apollo Tyres, Sun Pharma, JTL Ind, NHPC

Stocks to Watch on December 19, 2023: Nestle set Jan 5 as the record date for its stock-split; Sony India is unlikely to extend the timeline for its merger with Zee Entertainment, reported Livemint

Nestle says India, China are 'big focus' for growth of coffee market

"China is really a big focus, and India is a big focus," Navratil said

We don't see rolling back of prices as an imminent issue: Nestle India

The company is also increasing its advertising and promotional spends, particularly digital spends

Nestle, Volvo among 130 firms urging COP28 agreement to ditch fossil fuels

"To decarbonise the global energy system, we need to ramp up clean energy as fast as we phase out the use and production of fossil fuels," they wrote

HDFC Bk, HUL help Sensex cut losses, index sheds 286 pts; Nifty below 19450

Closing Bell on October 4, 2023: Nestle India, HDFC Bank, HUL, Infosys, and TCS rallied between 0.6 per cent and 3 per cent. Axis Bank was the biggest laggard, down 5 per cent

Nestle to invest Rs 4,200 cr by 2025, will set up 10th factory in Odisha

FMCG major Nestle India has strong commitments for local manufacturing with plans to invest Rs 4,200 crore by 2025, including in its 10th plant in the country at Odisha, its Chairman and Managing Director Suresh Narayanan said on Friday. Nestle India, the maker of popular Maggi noodles, KitKat chocolate and Nescafe, is investing to create capacity as it sees "fairly robust" demand in coming years in the Indian market. "The investments done are fairly significant... till the first half of 2023, about Rs 2,100 crore already been invested on capital investments," said Narayanan in a media roundtable here. These investments are for augmentation of manufacturing capacity, he said adding a third of that has gone into food space, another one-third on chocolate and confectionary and the rest on nutrition and others. "Another Rs 4,200 crore is being spent between 2023 and 2025. This includes around Rs 900 crore for a new factory in Odisha," he said. Last year in September, Mark Schneider,

Food and beverage industry bites into NFTs, but is it late to the party?

Nestle is also doling out NFTs, as are restaurants, cafes and alcohol brands, but will people dip into this growing digital platter?

Indian market offers opportunity of innovation for Nescafe: Nestle official

India is one of the fastest growing markets for Nescafe and offers a "huge opportunity" for innovation and premiumisation, according to a senior Nestle official. Nescafe is a coffee brand owned by leading Swiss food company Nestle. Nestle's Head of Coffee Strategic Business Unit Philipp Navratil, who is on an India visit, said the company is encouraged by the new coffee culture brewing in India with the opening of new coffee shops. "India is one of the fastest growing markets for Nescafe and offers a huge opportunity for penetration-led growth, both through in-home and out-of-home consumption," he said in a statement issued by the company on Tuesday. According to him, Nescafe has already reached a household penetration of 46 million in India, which is a substantial number. He also said there is a "huge opportunity" to bring Nescafe to the world, making it more affordable to consumers. "We believe Nescafe is perfectly positioned to introduce the world to coffee -- we are more ...

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