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McDonald’s India raises concerns over food quality at CPRL-run outlets
Fri, Dec 29, 2017
McDonald’s India Pvt. Ltd (MIPL), the local unit of the American fast food chain, has expressed concern over the quality and safety of food served across 169 McDonald’s restaurants run by its north and east India licensee Connaught Plaza Restaurants Pvt. Ltd (CPRL), as reported by Livemint.
Maggi compliant with latest FSSAI norms, no ash added: Nestle
Mon, Dec 04, 2017
District administration of Shahjahanpur, UP, had slapped a fine on Nestle India and its distributors last week after Maggi had allegedly failed to pass the lab test and found ash content above the permissible limits for human consumption.
Nestle shares trade flat on BSE Sensex as allegations of ash in noodles hit
Thu, Nov 30, 2017
The packaged food giant in India is now starring at another allegation of ash content in its famous two minute noodles. Share price of the company has come under pressure on Thursday.
Maggi samples fail lab test; UP administration slaps Rs 45 lakh fine on Nestle
Wed, Nov 29, 2017
Maggi was banned by FSSAI in June 2015 for allegedly containing lead beyond permissible limits, forcing Nestle India to withdraw the product from the market. Even in 2015, the Maggi trouble for Nestle had begun in Uttar Pradesh.
Nestle accelerates restructuring as sales growth stays tepid
Thu, Oct 19, 2017
Makers of packaged foods are under pressure to review their business models and brand portfolios to satisfy consumers` appetite for fresh, healthy, local foods, while at the same time improving returns to silence increasingly vocal activist investors.
Nestle plans $20.8 billion share buyback amid Third Point pressure
Wed, Jun 28, 2017
Nestle plans to buy back as much as 20 billion Swiss francs ($20.8 billion) worth of shares over three years, it said on Tuesday, days after U.S. activist shareholder Third Point LLC began a campaign to boost performance at the company.
Nestle, PepsiCo & other 8 companies control everything you buy
Mon, Jun 12, 2017
There are 10 companies like Nestle, PepsiCo, Coca-Cola, Unilever, Danone, General Mills, among others that control majority of what you buy from food and beverage brand.
Here's why Patanjali may be in the same spot as Nestle was in 2015
Tue, Apr 25, 2017
The armed forces canteen suspended the sales of Patanjali amla juices recently from its outlets after a laboratory in Kolkata found it unsafe for consumption.
What Q4FY17 has in store for FMCG companies?
Tue, Apr 11, 2017
We expect ITC’s sales to increase by 1.3% YoY (with a 4% decline in cigarette volumes) and PAT by 8.4% (mainly due to high 36% tax rate in the base quarter).
Leading food, beverages brands fail India's double nutrition challenge
Tue, Mar 14, 2017
No more than 12 % of beverages and 16 % of foods sold by nine leading Indian food and beverage companies were of "high nutritional quality", according to the Access to Nutrition Index India Spotlight, 2016, the first survey of its kind.
FMCG sector to grow over 15% in three years: CII Bain report
Wed, Mar 08, 2017
Fast Moving Consumer Goods (FMCG) sector is estimated to grow over 15% in the next two or three years, a report titled 'Winning with the Indian Consumer' said.
Higher price or lesser quantities: What will FMCG companies do to beat inflation this summer?
Tue, Mar 07, 2017
Nearly 15 years ago a pack of Lay's would get you 50 grams potato chips in it. With rising prices and other factors, PepsiCo kept the price of the pack constant at Rs 10 but the quantity of potato chips in it fell. Today, a Rs 10 pack of Lay's has 35 grams of potato chips in it.
Haldiram’s leaves behind Hindustan Unilever, Nestle in 'traditional' food market
Mon, Feb 20, 2017
Indian sweets and snacks manufacturer, Haldiram’s has surpassed multi-national companies like Hindustan Unilever’s packaged food division and Nestlé’s Maggi division to dominate the traditional foods market in India.
New Nestle CEO ditches sales target after latest miss
Thu, Feb 16, 2017
Nestle`s new chief executive scrapped the food company`s long-standing sales target as it reported disappointing annual results on Thursday, adopting a more cautious tone in an uncertain environment.
First Trade : Nestle trading flat at 6193, Q-3 results to be announced today
Wed, Feb 15, 2017
Nestle trading flat at 6193, Q-3 results to be announced today. Watch the complete news story of First Trade to get detailed updates on the stock market, shares and their recent trends, updates on the market!
Nestle Q3 net profit jumps by 117%; net sales rise to Rs 2,300 crore
Fri, Oct 28, 2016
The net sales for the quarter increased 35% to Rs 2,346 crore.
Nestle partners with Mahindra; changes packaging of Maggi, others
Mon, Sep 26, 2016
All the three brands will have a blue band which will carry more information on the association with the URL of Nanhi Kali.
Need to destroy 550 tonnes of outdated Maggi stocks: Nestle to SC
Thu, Sep 22, 2016
Nestle India on Thursday sought the Supreme Court`s nod for destroying 550 tonnes of Maggi stocks that have outlived their shelf life.
Maggi with 57% share regains top slot in instant noodles market
Tue, Aug 23, 2016
Nestle has launched four variants of Maggi Cuppa Noodles and Maggi Hotheads each.
Nestle says Maggi sales in India on the rise
Thu, Aug 18, 2016
Nestle, while announcing its global results on August 18, said that the Indian market is gaining momentum a year after the Maggi noodle withdrawal from the market.