KIT KAT
India largest market for Nestle's Maggi worldwide, 2nd biggest for KitKat
India is the largest market for Nestle globally for Maggi noodles and KitKat wafer, with high double-digit growth. Nestle India's annual report for 2023-24 highlighted the success of Maggi and KitKat in the Indian market.
India one of fastest-growing markets globally for Nestle, to focus on innovations
Nestle India, led by Chairman & Managing Director Suresh Narayanan, is experiencing rapid growth in the Indian market. The company is investing in new areas, including setting up a factory in Odisha, to drive long-term value.
The most calorie-dense Christmas sandwiches in Britain discovered, one of which had 1.5 times the calories of a Big Mac
Christmas sandwiches which are very high in calories were recently discovered in a study. These sandwiches have a lot of salt which is yet again very harmful for thr body.
No longer an urban trend, premiumisation has reached Bharat
Nestle India Chairman & MD Suresh Narayanan told ET recently that small-town India too is moving from single packs to multi-packs and from multi-packs to premium brands. "If I can go to Gopiganj and find KitKat being picked up by the consumer by name, that tells me that the premiumisation brand journey has also arrived in those towns," he said.
Distribution, pricing and reach key to India growth, says Nestle
The maker of Nescafe coffee and Maggi noodles also called out R&D centres in India, China, South East Asia and Africa markets, where it said it can innovate closer to consumers with agility. The company noted in its annual report that its Munch chocolate in India continues to appeal to consumers through affordable "price point management' and an interactive digital campaign with the IPL.
Nestle apologies for KitKat packs; says packs withdrawn last year
“We had withdrawn these packs from the market last year. We understand the sensitivity of the matter and regret if we have inadvertently hurt anyone’s sentiment,” a Nestle India spokesperson said. Certain packs of KitKat depicted images of Lord Jagannath, Balabhadra and Mata Subhadra on wrappers.
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Brokerages retain views on Nestle India
Most analysts retained their ratings on Nestle India after the company posted a 5.2% rise in net profit to Rs 617.4 crore for the quarter ended September. The maker of Maggi instant noodles and KitKat chocolates reported a 9.6% rise in sales to Rs 3,864.97 crore.
Nestle admits that less than 30 per cent of its products fail health norms
The maker of KitKat and Maggi noodles said over the next few days it will enhance its engagement with consumers, reassuring them that it genuinely cares about what matters to them. The company, however, did not reveal the percentage of its domestic portfolio that falls into the healthy or unhealthy category.
Nestle: Less than 30% products fail health norms
The maker of KitKat and Maggi noodles said over the next few days it will enhance its engagement with consumers, reassuring them that it genuinely cares about what matters to them. The company, however, did not reveal the percentage of its domestic portfolio that falls into the healthy or unhealthy category.
Nestle India to release campaigns to 'reassure consumers', after global reports about 'unhealthy portfolio':
A Nestle India spokesperson said the company is rolling out the campaign over the next few days. “We care about what matters to them (consumers), what concerns them and we are there for them if they have any questions or suggestions,” the spokesperson said.
FMCG companies queue up before chemists to ease lockdown pain
Companies are resorting to minimising response time of replenishing stocks at channels including pharmacy to meet demand, which is resulting in incremental week-on-week sales.
Nestle apologises for wrong depiction of Keibul Lamjao National Park on KitKat packaging
"While we stay at home, the KitKat travel break packs were aimed at bringing a smile in these tough times by celebrating beautiful locations. We got it wrong with the location of one of the packs celebrating wild life and we sincerely apologise for this unintentional error," a spokesperson of Nestle India said.
Consumption of packaged consumer goods set to double in India: Nestle India chairman
Suresh Narayanan, who leads India’s largest packaged foods company, said 140 million households are expected to be added to the aspiring and affluent set of consumers by 2030, which is "clear indication" of the growth potential of packaged consumer-facing brands.
Nestle SA to invest $3.6 billion on climate change: Global CEO Mark Schneider
The maker of Nescafe coffee and KitKat chocolate said it would plant 200 million trees over the next decade to help farmers and suppliers in shifting toward regenerative agriculture. The company further said it is taking measures to halve its emissions by 2030 and achieve net zero emissions by 2050.
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For brands the best way to reach consumers during the pandemic has been through the digital world. For digital advertising companies, it was the moment they were waiting for.
Social distancing to impact manufacturing; consumption may be constrained: Nestle chairman
The maker of Maggi noodles and KitKat chocolate, which reported 10.7% increase in domestic sales for the quarter at Rs 3,124.2, however cautioned on consumption in the following quarters. “Consumers would hold back on indulgences and consumption may be constrained in the next two quarters. Buying patterns would change,” Narayanan said.
Nestle Q1 profit up 9% at Rs 463 crore
Nestle also announced plans to launch organic food products in the category 'milk products and nutrition' in the coming months.
Nestlé India to seek shareholders' nod on royalty schedule
At its AGM on April 25, company to seek approval for payout every 5 years against one-time sanction.
Who is planning for the 'JOMO' mega trend?
There is a new mega trend in town. And it is called JOMO - joy of missing out. JOMO is related to an active search for joy in life.
Milk, white, dark and now ruby! In a first, Nestle debuts red-coloured chocolate in Asia
The product will be available from 19th, just in time for Valentine's Day.
Britannia enters the chocolate factory, to compete with Nestle's Kit Kat
Britannia has extended its Pure Magic biscuit brand to chocolate wafers, in the format of slabs of chocolate on top of biscuits.
Nestle, Godrej Consumer announce price cuts
Nestle said it has informed its trade partners that post announcement of reduction in GST rates, it has discounted the relevant products to pass on the benefits to consumers.
Nestle goes the ‘Milky’ way, brings down sugar content in milkybar by 10 per cent
The percentage of milk in the reformulation has increased by 8 per cent to one-third of the chocolate bar, which helped reduce sugar by 10 per cent, said Nikhil Chand, GM at Nestle India.
Nestle to consolidate portfolio, sets up food safety institute
The Swiss company, which launched more than 40 products over two years, is reviewing categories across chocolates, confectionery, coffee and the dairy segment.
What I read this week: Art of boosting margins; will Modi slip on fisc discipline
Government’s enthusiastic drive to frontload its capital expenditure has its pitfall.
Nestle adopts health mission to make their products healthier
Nestle SA has announced a series of commitments to reduce sugars, sodium, saturated fats and trans-fats, introduce nutritious products, step up food fortification.
Nestle Q3 net profit up over 100% riding on Maggi, new products
Nestle chairman Suresh Narayanan attributed the 117% growth in net profit and sales to ‘innovations and renovation of over 25 new products launched in the recent past’.
Maggi wins back market share on sustained recovery
"India grew strongly as the Maggi noodles business continued to gain back market share and comparatives turned favourable," Nestle said in a statement
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