Nestle flags off entrepreneurship kiosk platform to spur out-of-home consumption
Nestle said the kiosks, running on a franchisee-operated business model, offer entrepreneurship to generate business and employment for franchise owners. Company chairman Suresh Narayanan said in a statement that the exercise lays high emphasis on creating a conducive working environment and a simple financial module.
COVID-19: Nestle says consumer behaviour changing, essentials 'taking precedence' over luxury
"With the economic pandemic that has followed C...
Nestle Q2 takeaways: Maggi, Nescafe save the day, export sales suffer
Here are the key takeaways from Nestle's June quarter earnings.
Red or green? The dot that is worrying packaged food companies
Industry says this is FSSAI’s biggest and most ambitious bet though the jury is still out on what is safe and what isn’t, adding that since red connotes unsafe, the impact on consumption would be immediate and drastic. They also say the quest for salt and sugar reduction may lead to compromise on taste which risks consumers rejecting the products.
Processed foods body writes to Harsimrat Badal; asks for GST reduction ahead of meet
Industry body All India Food Processors Association (AIFPA) has written to Food Processing Minister Harsimrat Kaur Badal seeking reduction of Goods & Services Tax (GST) on instant food mixes, ready-to-eat cereals, snack foods, spices, and traditional and ethnic foods.
Nestle Q2 sales adversely impacted by lockdown; net up 11%
The India unit of the Swiss foods maker, which makes Maggi noodles and Cereal infant foods, said it witnessed volatility, sharp decline in out-of-home consumption and disruptions across the value chain.
Nestle India Q2 net profit rises 11% to Rs 487 crore, slightly below Street estimates
Nestle India on Tuesday reported a 11.15 per cent rise in net profit of the quarter ended June to Rs 486. 6 crore. The maker of Maggi Noodle...
Nestle India Q2 results: Net profit rises 11% to Rs 487 crore, slightly below Street estimates
The maker of Maggi Noodles had reported a net profit of Rs 437.8 crore in the same quarter a year ago. An ET Now poll had expected the company to post a net profit of Rs 502 crore.
Nestle India Q1 preview: Company may see double-digit profit rise on account of rising in-home consumption
Motilal Oswal expects Nestle India to report a 14.1 per cent rise in adjusted net profit, while net sales may have risen 7 per cent. The brokerage said it expects moderate sales growth due to a strong base.
Salt, transfat high in many popular foods: CSE report
Various popular packaged foods brands and fast food such as Lays and Kurkure, Knorr, Maggi, Too Yumm, Domino’s Pizza, McDonald’s and several others were found to have much higher levels of salt than the thresholds set by industry body Food Safety and Standards Authority of India (FSSAI), the CSE report alleged.
Predicting demand outlook tough for next two quarters: Suresh Narayanan
On whether the government’s package of Rs 20 lakh crore announced last month should have also pushed initiatives on the demand side, Narayanan said, “It would have been ideal if there were stronger direct funds transfer to the weaker sections, which would have led to a direct demand stimulus, albeit for essential goods at this stage.”
Coronavirus stockpiling fuels Nestle Q1 sales
The foods maker reported its best quarterly sales growth in nearly five years globally, at 4.3% increase in organic growth, with consumers opting for pantry stocking of packaged foods as countries went into lockdown to contain the spread of COVID-19. It said however that underlying sales in Asia fell 4.6% impacted mainly due to a sales decline in China.
Nestle resumes manufacturing at all plants
Manufacturing or suspension of operations at various locations is dependent on the directions of the central and state governments and authorities.
Pulses, flour, biscuits, noodles supply hit due to COVID-19 lockdown
There is an acute shortage of staples like rice, atta and dal, and packaged foods like noodles.
Nestle net profit increases 11 per cent; Maggi plant to come up in Gujarat
For the April-June quarter, Nestlé India reported net profit increase of 11% from the year-ago quarter, at ₹438 crore, led by sales and volumes growth.