Introduction of confectionery was to utilise the full potential of distribution chain and the deep rural reach, said Amritanshu Khaitan, MD, Eveready India.
From the sidelines of the World Economic Forum India Summit in New Delhi, CNBC-TV18 spoke to numerous industry veterans.
The CII National FMCG Summit is underway. A report titled “Winning with the Indian Consumers†unveiled at the summit says that the sector is expected to grow over 15 percent in next two to three years.
Speaking to CNBC-TV18 Suresh Narayanan, Chairman, Nestle India said the demonetisation drive undertaken by the government is a bold step to ensure longer term economic interests are protected.
For the FMCG sector rural demand is yet to pick up and a lackluster volume growth is expected in this space this quarter, says Anand Mour, FMCG Analyst at ICICI Securities.
Interest rate cut coupled with good monsoon should translate into healthy demand and investments, says Nestle India CMD, Suresh Narayanan. Certainly fast moving consumer goods should benefit too, he says.
Nestle India Chairman and Managing Director Suresh Narayanan expects good overall growth in the coming quarter owing to good monsoons and the upcoming festive season.
The main focus is on building back trust, market share and traction in all categories, says Nestle India's CMD, Suresh Narayanan.
Suresh Narayana, new Managing Director of Nestle India, says there is an urgent need to get Maggi sales back to the same levels.
Nestle, the foods company that has had a 103-year presence in India, is undergoing its worst crisis ever and its new country head is focused on fighting it and emerging stronger.
Reacting to Nestle's press conference announcement that Maggi noodles is clean, experts talk about more stringent actions by government and what further steps can the brand take.
Nestle's global CEO Paul Bulcke says India has all the ingredients for growth. "The company is all set to invest 50 million swiss francs in a new R&D facility in the country," he adds.
The world's leading nutrition, health and wellness company, Nestle continues to bet big on India. Nandu Nandkishore, the executive vice president of Nestle told CNBC-TV18 that Nestle is eying new segments and will soon unveil new products.
India is an important market for the world’s largest beauty and cosmetics company, L’Oreal. This company is doing very well in India. It has been growing at about 32% over the last two years and touched Rs 1000 crore of turnover last year.