Amul, seeks to take on the ‘Cokes of the World’
Amul, India’s largest dairy brand, is rapidly scaling up its portfolio of non-dairy products to become a total foods and beverages company to compete with Nestle, Britannia, Coca-Cola and ITC, its new managing director, Jayen Mehta, said. Speaking to ET in his first interview after succeeding RS Sodhi in January at the Rs 61,000-crore brand […]
Lactalis buys out Fonterra-Nestlé dairy venture in Brazil
French dairy major Lactalis has acquired the joint-venture assets in Brazil owned by Fonterra and Nestlé. Lactalis, which already has a presence in the South American country, has struck a deal for Dairy Partners Americas (DPA) for BRL700m (US$131.5m). Fonterra holds a 51% stake in the venture, set up in 2003, and Nestlé owns 49%. The transaction is expected […]
Nestle to start milk procurement centre in Jammu: JKDFA
Nestle India will open its fresh milk procurement centre in Jammu by the end of this month. This was disclosed by office bearers of J&K Dairy Farming Association (JKDFA) while addressing a press conference, here today. They said that Amul, one of the largest milk processing company in India, was giving very low rates of milk […]
Fonterra and Nestlé partner to create net zero carbon emissions dairy farm
The partnership hopes to achieve a “New Zealand first” – a commercially viable net zero carbon emissions dairy farm. The five-year project will be run with co-partner Dairy Trust Taranaki and will examine all aspects of the 290-hectare farm’s operations to reduce carbon. The initiative aims to cut emissions by 30% by mid-2027, with a […]
Nestlé Is Set To Release Animal-Free Dairy Products This Year
Food and beverage giant Nestlé has announced that it is “exploring” the potential of animal-free dairy through a partnership with California-based Perfect Day. The news makes Nestlé the latest in a growing list of established and start-up companies to look to the alternative dairy protein manufacturer as a supplier for new product lines. Starbucks and Mars are included in […]
Nestle gung-ho about India, to invest 5000 Crores by 2025
Buoyed by the heralding of an “Indian age” in its business, Nestle has charted a ₹5,000-crore accelerated investment plan till 2025 to grow its India business. Speaking at a select media roundtable on Friday, Mark Schneider, CEO, Nestle SA, said: “We’re not only talking about an Indian decade here … but about the Indian age […]
Nestle Q4 results: Net profit dips 20% YoY to Rs 387 cr; rev up 9%
FMCG giant Nestle India on Thursday reported a net profit of Rs 386.66 crore for the October-December quarter, down 19.99 per cent year-on-year (YoY) from Rs 483.31 crore recorded during the same period last year. The company’s revenue from operations came in at Rs 3,739.32 crore, up 8.93 per cent YoY compared to Rs 3,432.58 […]
Covid speeds up Nestle’s brands’ geo-target approach
The consumer goods company is leveraging its cluster strategy to launch products tailored to local tastes and preferences Consumer goods firm Nestle India’s Chairman & Managing Director, Suresh Narayanan, believes that the days when a company had one product, took it across the country, and advertised it nationally is well and truly over. “It is […]
Ananda and Mother Dairy are value for money brands in dairy whiteners
There has been a surge in the consumption of dairy whiteners these days. Those who use them in coffee and tea find it dissolves easily and gives their tea a very great whitening ability. We have a good number of dairy whitener brands available in the market which gets sold on different claims. Be it […]
Inflation in milk,coffee and commodities makes 2022 a difficult year : Nestle
Nestle India chief Suresh Narayanan on Monday said that 2022 will likely be a “difficult year” as commodity prices are expected to rise and result in the spectre of food inflation for the manufacturers. The leading FMCG player, well known for household brand names like Maggi and Milkybar, is anticipating an escalation in the prices […]
