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FMCG companies in India expected to face slow topline growth in Q3, with soft volume growth
Fast-moving consumer goods (FMCG) companies in India are anticipated to experience sustained challenges in the October-December quarter. This is likely to be reflected in...
Nestle CEO dismisses impact of weight-loss drugs on company’s growth
Nestle SA CEO Mark Schneider downplayed the impact of GLP-1 weight-loss drugs on the world's largest food company, emphasizing the company's focus on expanding...
Confectionery chains Nestle and Mondelez experience holiday sales boom amid UK’s budget shopping
Nestle, the producer of Quality Street, and Mondelez, the owner of Cadbury, are experiencing increased confectionery sales in the UK during this festive season....
Nestlé targets 70% emission reduction: Strikes green transition deal with shipping giants
Teaming up with three of the "largest companies globally" in the shipping industry, Nestlé is swiftly transitioning half of its worldwide shipping requirements to...
Nestlé charts expansion in Brazil with $1.2 Billion investment
Swiss multinational Nestlé has announced plans to allocate 6 billion reais ($1.2 billion) for food and drink production in Brazil.A series of investments is...
Nestle India sweeps top honors for millet innovation at International Nutri-Cereal Convention
Nestle India was honored with the "Best Industry - Product Innovation for Mainstreaming Millets" award by Nutrihub, ICAR-IIMR during the acclaimed "International Nutri-Cereal Convention...
Indian food giants shift their rhetoric from taste to health amid backlash against junk Food
Weikfield Foods CEO DS Sachdeva voluntarily took a 'lie detector' test in a YouTube video last month. When asked by the 'interrogator' if Weikfield's...
As profits skyrocket, Balaji Wafers steps up to big leagues with INR 5,000 Crore sales
Balaji Wafers, the regional snacking company that attracted attention from multinationals like PepsiCo for a potential acquisition, has successfully surpassed the INR 5,000-crore annual...
ITC launches new YiPPee! Wow Masala Noodles at INR 10 to rival Nestle’s Maggi
Following Nestle, Sunfeast Yippee, the instant noodles brand of ITC Ltd., is staging a significant return at the INR 10 price mark to counter...
Food-delivery startup Wonder Group secures $100 Million boost from Nestle for cutting-edge kitchen solutions
The food-delivery startup Wonder Group has received a financial boost from Nestle, as it aims to offer cutting-edge kitchen equipment and pre-prepared ingredients to...
HUL bolsters advertising budget, increases outlay by INR 679 Crore in Q2
In the July-September quarter, Hindustan Unilever (HUL) raised its advertising expenditure by INR 679 crore, bringing it back to the 11-12% of sales range...
Nestle India’s Profit Soars 37%, Eyes FMCG Acquisitions
During an investor call on Wednesday, Nestle India's managing director, Suresh Narayanan, expressed the company's strong interest in acquisitions. He emphasized that acquisitions remain...