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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...
Nestlé to close infant formula plant in Ireland, endangering 540 jobs
Nestlé intends to close its Wyeth Nutrition infant formula plant along with its adjacent research and development center in Askeaton, County Limerick, Ireland, potentially...
Rural FMCG recovery pauses amid food inflation and uneven rains
The FMCG industry has witnessed a challenging September quarter amid subdued consumer demand and a decline in rural consumption due to persistent food inflation...
Distributors grapple with challenges as FMCG companies embrace smaller packs
FMCG companies' widespread introduction of small-pack launches to stimulate demand is causing distributors significant distress as they grapple with limited shelf space for inventory...
Consumer groups rally to curb consumption of junk foods in India
A coalition of consumer groups led by the Nutrition Advocacy in Public Interest (NAPi), in collaboration with public health advocates, lawyers, and medical professionals,...
Nestle to introduce 40 gm Maggi packets for INR 10 in market expansion bid
In an effort to increase its market presence and fend off competitors, Nestle's well-loved product, Maggi, will soon be available in INR 10 packets,...
Brand Finance’s 2023 Report: Nestle holds strong as the world’s most valuable food brand
Nestle SA continues to maintain its position as the most valuable food brand globally, reaffirming its dominance in Brand Finance's latest report titled "Food...
Nestle India announces INR 4,200 Crore investment plan by 2025 to boost growth and rural presence
On Friday, Nestle India declared its dedication to investing approximately INR 4,200 crore by 2025. This substantial investment will encompass various ventures, including the...
Nestlé India expands operations with INR 894 Crore investment in new food processing facility in Odisha
Nestlé India has finalized plans to allocate INR 894 crores for the establishment of a new food processing unit in Odisha. This investment is...
FMCG giants remain optimistic about rural demand, brush off concerns of El Nino impact
According to top executives of consumer goods companies, the resurgence of rural demand is not solely reliant on the influence of El Nino on...
