 "Nestle explores inorganic growth route to expand product offering")
FMCG major Nestle India has plans to expand its product offering by introducing special masala noodles, dips and dark chocolates soon as part of its expansion drive, a top company official said.
Nestle has also not ruled out evaluating inorganic growth in the country and said that it may consider if any opportunity arises.
"Till now the company has been completely on the organic growth path. If anything worthwhile that comes up, does become a candidate for discussion if not execution," said Nestle India Chairman and Managing Director Suresh Narayanan.
He further said that any inorganic opportunity will depend on the "size of the hunger and the need that you feel that category to bolster long-term health in the country"
According to media reports, GSK Consumer health drink brand Horlicks and and Kraft Heinz's Complan are looking for a potential buyer and Nestle could be one of the buyers.
However, on being asked about on possibility of acquiring both the brands, Narayanan said: "Today it's a realm in the speculations. I think the realm malted food drinks is in the portfolio of the company. We cannot comment on that is clearly speculative."
He added that Nestle was already present in the category with Milo but said: "Any inorganic opportunity is certainly evaluated at Nestle."
As part of its product diversification, Nestle would introduce a special masala noodles variant comprising signature herbs and spices.
"Moreover taking forward our journey in the value-added dairy segment, we will be entering with a unique set of yoghurt based dips and seasonings with Maggi Dips," he said on a media round table here.
It would also introduce Dessert Delight Brownie cubes under its Kitkat brand, which would be a combination of dark chocolate and wafer.
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Nestle, which launched over 40 products following the Maggi crisis about three year ago, is also doing product review and has also discontinued four products in last year as they failed to get a favourable market response.
"Some of the innovations and renovations that did not work well across consumers include NESCAFE Sunrise Insta-Filter and Everyday Masala Fusion," he added.
Besides, Nestle would also enhance its presence in the beverages vending segment with its Frio.
Nestle, which has also forayed into the morning breakfast segment, today also introduced its Nesplus range for the traditional retail channels.
Nestle, which has a century-old association with the country, crossed the Rs 10,000-crore sales mark in India and registered successive volume growth for the ninth quarter in April-June.