Among the first companies planning to use the enhanced solution to its business is Nestlé
Nestle has managed to steer clear of a slowing market, with volume growth doing most of the heavy lifting on the sales growth front
The company said half of the employees at its Sanand plant would be women.
For the half year, Nestle matched analyst expectations for 3.6% growth, an improvement over 2.8% in the year-ago period.
The market for meat substitutes could soar to $140 billion over the next decade, according to Barclays, as many health- and climate-conscious consumers seek to reduce their meat consumption.
Nestlé India announced a growth of over 10 percent for its January-March quarter results on May 14.
The proposed transaction with private equity firm EQT, a unit of the Abu Dhabi Investment Authority and PSP Investments is expected to close in the second half of 2019 pending regulatory approval, Nestle said on May 16.
Nestle's skin health unit, which sells Cetaphil, was formed in 2014.
Modifying an ordinary resolution in a notice dated March 12, 2019 to its shareholders, Nestle India said that now it will seek approval from its shareholders every five years over the royalty payment.
Net Sales are expected to increase by 14.8 percent Y-o-Y (up 9.1 percent Q-o-Q) to Rs. 3,142.1 crore, according to Kotak.
Food makers also say their latest offerings are tasty enough to tempt more meat eaters' palates.
The food and beverages colour industry - a niche segment of the dyes and pigment industry---not only benefits from growth in the end market (FMCG sector) but also has significant barriers to entry, due to its highly regulated business. As a result, the industry has an oligopolistic structure, where only a few companies are up the scale in terms of technical knowhow and quality control.
The remark comes even as shareholders were waiting to see whether Nestle India will seek minority shareholders' approval to pay over 4.5 percent in royalties
The company, whose 6 percent revenues come from exports, is now looking to tap more overseas markets by targeting countries with higher Indian diaspora such as SAARC and South East Asia.
Sakshi Batra does a 3 point analysis of the Q4 fineprint.
Organic sales grew 3.0 percent in the full year, accelerating to 3.7 percent in the final quarter, and net profit jumped 42 percent to 10.1 billion Swiss francs ($10.02 billion) benefiting from one-off items.
Nestle will start selling Starbucks labelled coffee beans, roast and ground coffee and single-serve capsules for its Nespresso and Nescafe Dolce Gusto coffee makers.
The French dairy maker might have failed through joint ventures, and on its own. But its attempt as a venture investor may actually pay off.
Net Sales are expected to increase by 11 percent Y-o-Y (down 1.6 percent Q-o-Q) to Rs. 2,875.8 crore, according to Kotak.
Nestle, which has a growth target of "mid single digit in 2020", said it strongly believes in organic growth, and considers this as a 'lifeblood'.
Recounting the Maggi crisis in India when the Nestle's popular product was banned for five months, Schneider said that there was "a wave of sentiment building against the product, at the time it was hurting us very strongly".