Over the last decade, Nestle India's revenue saw a CAGR of 10.3% while profit from operations grew by 13.5%, and the market capitalization rose by 3.9 times, said the chairman, adding that the company is no longer seen as an urban only player.
Reposting the advert, Suresh Narayanan issued a strong rebuttal: 'This advert for Nestle India jobs is a complete fake, totally untrue, and grossly misleading. I appeal to all young and aspiring talent NOT to respond to this or any advert of this kind that might pop up!'
Moreover, with the setting of more NABL-accredited laboratories by different leaders of FSSAI, the credibility of the testing process has also increased, said Narayanan, who led Nestle India after the Maggi crisis, which unfolded almost a decade back.
Manish Tiwary is currently a director at Amazon Digital Services Private Limited and More Consumer Brands Private Limited, and he will step down from his directorship on October 30, 2024, says Nestle India
Nestle India is working on balancing pricing, and margin expectation and at the same time also trying to retain the growth for the future, said the CMD.
Nestle India’s chairman and managing director, Suresh Narayanan, talks about Maggi, managing crises, leadership and LinkedIn in an exclusive interview with Storyboard18.
According to Nestle India, food prices shot up by 22 percent in 2021, reaching their highest level in a decade. Prices of vegetable oils, cereals and dairy products increased sharply.
Narayanan, who was the highest-paid FMCG CEO in 2020, saw a 9 percent jump in his pay package for the year 2021.
Driving forward the theme ‘Navigating 2022: Chasing the Recovery’, the meeting brought together Global & Indian CEOs to discuss with CNBC-TV18’s Managing Editor, Shereen Bhan, what the year holds amidst the uncertainties brought on by the pandemic
The leading FMCG player, well known for household brand names like Maggi and Milkybar, is anticipating an escalation in the prices of raw material inputs, including milk, coffee, cocoa and oil prices.
Prices of key commodities such as milk and coffee will surge further in 2022 as demand recovers while supply continues to suffer, says Suresh Narayanan, Chairman, and Managing Director, Nestle India.
Happiness matters more than success and contentment more than acquisition, Nestle India’s CMD Suresh Narayanan said.
The programme is to help the youth of the country cope with these unprecedented times, it added.
The company believes that during this time and in the post COVID-19 world, consumers would seek trust, quality, intervention of science and technology, better nutrition and better immunity for the family, Nestle India Chairman and MD Suresh Narayanan said at the company's annual general meeting last month.
According to him, trend in agro commodities prices is clearly going upwards and would further exacerbate if the monsoon is not good as predicted earlier.
Nestle India's instant noodles brand Maggi, whose sales were severely hit by the Food Safety and Standards Authority of India (FSSAI) ban in 2015, has now cornered close to 60 per cent market share, a top company official said.
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.
The company, however, is cautious that rising commodity prices could pose a challenge to the pricing strategy of various players in the industry.
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.
In an exclusive chat with CNBC-TV18, industry captains shared their views on the importance of brand building and increasing value for customers.
The company, which currently sells two proprietary products in the category, said it is waiting for regulatory clarity on foods for special medical purposes before it launches more such items in India.
This period to be 'dawn after a dark night' for Nestle India, which is strongly emerging out of the noodle fiasco, says Suresh Narayanan, CMD of the company.
The FMCG major has said that Q1 results were impacted by Maggi Noodles Issue in 2015.
Besides, the company claimed that it has strengthened its leadership position in the category with more than 50 percent market share after five months of the relaunch.