In a significant market development, Nestlé India and Dr. Reddy's Laboratories established a joint venture focused on bringing innovative nutraceutical brands to consumers in India and other agreed territories. The strategic partnership aims to combine Nestlé Health Science's global range of nutritional health solutions with Dr. Reddy's strong commercial capabilities...
India’s Consumer Sector is a Key Contributor to Its Economy
The fast-moving consumer goods (FMCG) industry is a major contributor to the Indian economy, with household and personal care being the leading segment. Key growth drivers are rising incomes, changing lifestyles, increased awareness, and easier access. Sustainability trends also influence purchase behavior. While urban areas contribute the majority share, rural...
Nestle to Invest Another $600 million in India
Switzerland-headquartered foods and beverage producer Nestle SA plans to invest $600 million in India, which is the company's 10th largest market globally, its CEO Mark Schneider said. Schneider said the investment will be made for capital expenditure, expanding and enhancing Nestle India's portfolio of brands, acquisitions in emerging segments, and...
Consumer Product Companies in India Report Strong Growth
During an investor conference call at Proctor & Gamble, Global Chief Executive Officer David Taylor said that the company posted robust growth numbers for the year ended June 30, 2018, of which two markets — India and Turkey — reported double-digit growth. Taylor added that sales were growing for all categories...
Nestle India's Revenue Crosses $1 Billion
Nestle India announced that it had crossed $1 billion in revenue in 2017, and that the company’s net profit grew 22.3 percent. For the quarter ended December 31, 2017, total sales grew 10.9 percent and the company posted a 60% greater net profit compared to the corresponding quarter of the previous...
Global Chocolate Makers Ramp up Investments in India
A study by London based market research firm Mintel says that India's $1.6 billion chocolate market is growing at 12 percent annually. The market researcher also said India consumed 228,000 tons of chocolate in 2016, higher than both Australia (95,000 tons) and Indonesia (94,000 tons) put together in the same period....