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
Strong demand for Nescafe classic and Nescafe sunrise drives double-digit growth of beverage portfolio
Nestle India's net rose 8.27 per cent to Rs 4,583.63 crore during the period under review. It was at Rs 4,233.27 crore in the corresponding period of last fiscalpress
The maker of KitKat chocolate and Nescafe coffee, which follows the January-December financial year, surpassed Bloomberg's net profit estimates of Rs 785.3 crore
During the quarter, the company launched three products -- Resource Fiber Choice, for gut health solution; Everyday Zero, the dairy whitener with no added sugar; and MUNCH breakfast cereals
Domestic sales of the maker of Maggi noodles and KitKat chocolates were up 13.9%
The Swiss processed foods maker has significantly upped investments in its Indian subsidiary to expand its penetration in 'rurban' markets
The firm currently operates nine plants in India and is eyeing new locations to set up manufacturing capacity
Nestle India, which makes Maggi noodles, KitKat chocolate, sees 'early signs of softening' in sale of some commodities
FMCG major Nestle India on Friday apologised for wrongly depicting Manipur's Keibul Lamjao National Park location in Meghalaya on the packaging of its KitKat chocolate
While its domestic business, which makes up over 90% of its topline, grew 10.1%, exports declined 7.7% during the quarter
Strong resilient portfolio, along with recent ready-to-eat launches and focus on rural distribution, indicate good growth potential
The Luxembourg court found that Nestle had failed to show that consumers in enough EU countries recognised the shape as distinctive