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Suresh Narayanan

Nestle hopes to reach 1.2 lakh villages in next 2-3 years

With focus on fast-growing rural market, FMCG major Nestle has plans to reach around 1.2 lakh villages with each having population of over 5,000 over the next two-three years, supported by distribution expansion and some portfolio tweaking, its Chairman & Managing Director...

Nestle India witnesses growth in smaller markets amid pandemic

Nestle India witnessed a change in consumption trend amid the COVID-19 pandemic as demand growth in small towns and rural areas outperformed those in the Tier-I cities, said the company's Chairman and MD, Suresh Narayanan. "Smaller towns have become the...

Nestle India's Jul-Sep net profit falls 1.4 pc, revenue rises

Nestle India on Friday reported 1.37 percent decline in its net profit, on a year-on-year basis, for the July-September quarter, at Rs 587.09 crore. During the corresponding period of the last financial year, it had reported a net profit of...

COVID-19: Nestle says consumer behaviour changing, essentials ‘taking precedence’ over luxury

The COVID-19 pandemic has brought a major shift in consumption patterns among consumers as necessary purchases are taking precedence over luxury spending, Suresh Narayanan, Chairman, Nestle India said. According to a PTI report: Stating that the coronavirus crisis has witnessed...

Nestle India's Apr-Jun net profit up 11 pc on higher sales

Nestle India on Tuesday reported an 11.15 percent rise in its net profit for the quarter ended June on a year-on-year basis on the back of rise in sales and lower taxes. Its profit after tax for the April-June quarter...

Nestle India to focus on core categories to explore growth opportunities: Suresh Narayanan

Food and nutrition major Nestle India plans to focus on core categories, including milk and nutrition, chocolates and confectionery and coffee and beverages to explore growth and expansion opportunities in these segments, a top company official said. According to a...

COVID-19: Nestle announces Rs 15 cr grant

FMCG major Nestle India on Saturday announced an initial grant of Rs 15 crore for providing food and essential groceries to the needy amid the coronavirus lockdown. It will also support purchase of medical equipment for hospitals to fight...

Nestle India plans up to 3-dozen product launches in 2019, eyes higher exports

FMCG major Nestle India has lined up nearly two-three dozen products that it plans to launch in calender year 2019 across categories in the country to drive its aggressive growth plans, Chairman and Managing Director Suresh Narayanan told PTI. According...

Maggi touches pre-crisis level in value terms; attains over 60 pc market share

Nestle India's instant noodles brand Maggi has attained over 60 percent market share and almost touched the pre-crisis level in value terms, said a top company official. According to a PTI report: However, volume-wise Maggi is still away from...

Nestle India Q2 net profit jumps 50 pc to Rs 395 crore

FMCG major Nestle India has reported 49.95 percent jump in net profit at Rs 395.03 crore for the second quarter ended June 30, helped by lower expenses. According to a PTI report: The company, which follows January-December financial year, had...
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The Luxottica report card for 2022

A look at how the world’s largest eyewear company fared in terms of revenue growth in key regions across...
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