Left Menu
Development News Edition

Nestle seeks to foray into 'organic' food products in India considering 10.9 pct growth

Devdiscourse News Desk | New Delhi | Updated: 17-05-2019 20:43 IST | Created: 17-05-2019 19:37 IST
Nestle seeks to foray into 'organic' food products in India considering 10.9 pct growth
le, as part of its diversification strategy, is adding new products in its portfolio post Maggi crisis. Image Credit: Wikipedia

India was the fastest growing key market for Nestle in 2018, with a 10.9 per cent growth in local currency terms, the Swiss major said Friday. Nestle India, which had faced big crisis in its popular brand Maggi four years ago, reported a revenue of Rs 11,292.27 crore in 2018 and was among top 15 markets globally.

"We are the fastest growing key market for Nestle in the world in 2018. We grew at 10.9 per cent in the local currency terms," said Nestle India Chairman Managing Director Suresh Narayanan. The company follows January-December financial year.

As per Nestle's global result, the US is the leading market in terms of sales followed by China, France, Brazil and the United Kingdom. Other major markets for the Swiss major include Mexico, Germany, Philippines, Japan and Russia.

Nestle India, Friday said as part of its product portfolio expansion, the company ventured into 'organic' food products and introduced 'Ceregrow Organic Selection' in its kids cereal brand. "This is a beginning... we will look at ways and means of expanding our portfolio in the whole organic area," he said adding "we have been working for more than two years. The raw materials have to be sourced from farms where organic practices are put in place."

Nestle, as part of its diversification strategy, is adding new products in its portfolio post Maggi crisis. The company also plans to expand its organic range and add more products. According to Narayanan, organic is a worldwide trend but for India and it is something which is relatively nascent.



Domestic seafood trade in focus as COVID-19 changes market dynamics

As predicted earlier in a report titled Seafood industry post-COVID 19 An overhaul to trigger the growth of small fisheries, one of the changes going ahead would be increased focus on domestic seafood trade, driven by falling exports and su...

Migration post-COVID 19: Taking cues from the past to rebuild economies

Migrants are an irreplaceable part of even the essential workforce of developed countries and are on the frontline in the fight against the crisis, making an immeasurable contribution to saving the lives of natives with voting rights....

Socialization Post-COVID-19: Local associations and online groups to play crucial role

Though every age group is suffering due to the global lockdown caused by the ensuing COVID-19 pandemic, the challenges before adolescents are unique. Their social space has shrunk drastically, besides, they have become highly vulnerable to ...

Pharma post-COVID 19: Reducing political clout can alter business models

Powerful governments that have historically supported the pharma industry in enforcing global intellectual property rules are changing course and introducing legislation that can override normal patent rights during emergencies....


Latest News

Basketball-Bogut puts playing future on hold in uncertain times

Former NBA champion Andrew Bogut has decided not to commit to another season at the Sydney Kings while there is still uncertainty about the future because of the COVID-19 pandemic. The 35-year-old centre has played the last two seasons in A...

CEO buys struggling New Zealand media company for $1

One of New Zealands largest media organizations will be sold for a single dollar to its chief executive, the owners announced Monday. The organization Stuff prints many of the nations daily newspapers and runs a popular news website of the ...

Tennis-New Zealand to stage pro competition as virus restrictions ease

New Zealand will stage a team-based tennis tournament for local-based mens players from June 3, organisers said on Monday, an event marking the southern hemispheres first pro competition since the COVID-19 pandemic brought global sport to a...

Japan set to end Tokyo's state of emergency

Experts on a special government panel have approved a plan to remove a coronavirus state of emergency from Tokyo and four other remaining prefectures, paving the way for Prime Minister Shinzo Abe to declare entirely ending the measure to al...

Give Feedback