Nestle says it has worked with manufacturers to add a function to its coffeemakers that let users to make a selection by just hovering a finger over the menu and has been delivering those to clients since June.
The offer values the California-based biopharmaceutical company at $2.6 billion, including the $473 million that Nestle had already invested in Aimmune, Nestle said in a statement.
Revenue from operations during the quarter increased 1.7 percent to Rs 3,050.48 crore compared to the same period last year.
Investors should take comfort from the fact that Nestle has continued to focus on innovation and has launched 71 new products since 2016
Net Sales are expected to increase by 4 percent Y-o-Y (down 6.2 percent Q-o-Q) to Rs. 3,100 crore, according to HDFC Securities.
Nestlé is betting big on ready-to-eat products under its blockbuster Maggi brand. Can 4-minute poha and upma replicate the magic of 2-minute Maggi noodles?
The scaled down operations at various locations are essentially on account of applicable social distancing norms and the lesser deployment of people.
The company has already started with a contribution of Rs 1 crore to Narayana Hrudayalaya Foundation for purchase of ventilators for Delhi/NCR.
Known for packaged products like Maggi soups, KitKat chocolate bars and Nescafe instant coffee, Nestle has over 290,000 employees around the world.
The index is published by Access to Nutrition Index (ATNI) and hosted by Access to Nutrition Foundation, an international not-for-profit organisation.
FMCG major Hindustan Unilever (HUL), reported a double digit profit growth in the October-December quarter at 11.9 percent.Cigarette-hotel-to-FMCG major ITC recorded huge 29.07 percent
The company had earlier said it will take longer than expected to hit its 2020 organic growth target despite posting its highest annual growth in four years and improved profitability.
The top gainers from the Nifty were Nestle India, Hindustan Unilever, Asian Paints, Britannia Industries and Bajaj Auto while the top losers included Bharti Infratel, ITC, YES Bank, Tata Consultancy Services and Hero MotoCorp.
Nestle Chief Executive Mark Schneider, who also gets Allergan product Viokace, another pancreatic enzyme preparation, in the deal, is bulking up on nutrition products that combine properties of medicine and food as the Swiss company expands in areas where growth may outpace its mainstream food business.
Nestle said it is buying Zenpep to expand in medical nutrition with a product for people who cannot digest food properly because their pancreas does not provide enough enzymes to break down fat, protein and carbohydrates
The company, whose brands include Nespresso coffee, Vittel water and Smarties chocolates, also plans to invest in new types of sustainable packaging to meet its target of making all its packaging recyclable or reusable by 2025.
Most FMCG companies are taking initiatives to reduce collect and recycle multi-layered plastic
There were several prominent brands in the food and beverage sector making comparative claims regarding the product composition, taste preferences, health benefits or market leadership.
Packaged food makers are branching out into new areas like plant-based meat alternatives or products made from all natural ingredients to boost growth in an otherwise sluggish market.
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