Nestlé India Ltd, the local unit of the world’s largest food company, is evaluating five new segments that it may enter over the next few quarters. Nestlé, which entered India in 1912, turned into a “demolished house”, as Narayanan put it, after its single largest revenue earner, Maggi, faced a ban in June 2015. In calendar year 2014, Nestlé India had revenue of Rs9,854.84 crore. According to Narayanan, the boards of Nestlé India and Nestlé SA, have agreed that there was a need to “accelerate the game in India”, which will require fresh investments in the existing portfolio, new products, renovation and innovation, with a quest to double revenue in India within four to five years. “Nestlé India could look at bringing in products in pet care, water and ice-cream,” Abneesh Roy, an analyst with Edelweiss Securities, had said in a note in August 2015.

Source: Mint November 08, 2016 20:29 UTC