Nestle India Ltd.

BSE: 500790 | NSE: NESTLEIND
Large Cap | Consumer Food
1285.65
27.10 (2.15%)
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Nestle India plans to diversify into new segments

Date: 21-02-2017

FMCG firm Nestle India is planning to diversify into new segments like premium coffee business, pet care, skin health and cereals while it looks at 2017 as a ‘year of aggression’. The company is also planning consolidating its offerings and adding new categories so as continue with double digit growth. The company, as part of diversification, has launched 35 products in last six months and may remove some of those which are not performing well.

Nestle India is a subsidiary of Nestle S.A. of Switzerland. With eight factories and a large number of co-packers, Nestle India is a vibrant company that provides consumers in India with products of global standards and is committed to long-term sustainable growth.