According to GSK statement, its nutrition products portfolio including Horlicks had total sales of $550 million in 2017. Besides the Horlicks brand, GSK is exploring sale of its 72.5% stake in Indian subsidiary GSK Consumer Healthcare. Besides India, Horlicks has small business in countries like Sri Lanka, Bangladesh, Nigeria and Malyasia,” said a Mumbai-based analyst seeking anonymity. “We do not comment on market speculation,” said a Nestle India spokesperson. Kraft Heinz, which acquired malt-based health food drink brand Complan from GSK in 1994, did not respond to Mint queries.

Source: Mint March 28, 2018 22:52 UTC