Key Points
Nestle India is keen on acquisitions, which continue to be an area of interest, provided there is a fit with the companys existing portfolio and valuations match the company's expectations, the packaged foods makers managing director Suresh Narayanan said on an investor call Wednesday...
The maker of Maggi instant noodles and KitKat chocolate had been a top contender for acquiring Capital Foods, which makes Ching's Secret and Smith & Jones brands of condiments and ingredients..
Similar to other FMCG companies, the India arm of Nestle SA, the world's largest foods company, is also facing renewed competition from hyper local rivals in categories such as noodles and coffee..
Responding to a query during the investor call, Narayanan said: We do have local competition in categories like noodles and we are moving fast enough to mitigate any impact..
Nestle reported a 37% increase in September quarter net profit at Rs 908.08 crore, led by its core brands Maggi noodles and KitKatchocolates...
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