Aug 7, 2018
“Nestle is open to evaluating ‘strategic or bolt-on acquisition opportunities provided these fit with the company’s long-term growth strategy”, company chairman Suresh Narayanan said.
“Any inorganic opportunity in the market is evaluated by Nestle. But it will depend on the long term strategic fit,” Narayanan said, while speaking to media about expansion plans in the small but rapidly growing breakfast space.
Horlicks from GSK Consumer and Kraft Heinz’s Complan are both on the block and Nestle is learnt to be one of the potential bidders for the brands.
Narayanan also said the company is true to its commitment and will reduce sugar, salt, fat across its brands by 6-10% over the next two-three years.
He said the company was rolling out new products such as Maggi dips and KitKat dark chocolate this quarter.
Nestle India reported a profit increase of 50 per cent to Rs. 395 crore for the June ’18.