Jan 29, 2021
McCain -Global frozen foods has elevated its India managing director Vikas Mittal to become the head of its businesses in South East Asia, Korea and Taiwan, joining the growing ranks of Indian executives in global roles.
Mittal, who has so far been leading India and South Asia operations said sales have recovered post-pandemic and in December the company closed the gap over the previous year.
Mittal said that the growth in the retail business has accelerated with increased in-home consumption; we also expect the out-of-home business to be at last the year’s level in the next couple of quarters and added that while packaged foods companies reported a double-digit surge in in-home consumption during peak lockdown months, sales have normalized over the past two quarters with reopening of restaurants, hotels, and offices.
Mittal said going forward, the company is accelerating investments in digital technology, safety systems, reducing carbon footprint, employee and community engagement.
It’s natural that retail growth will slow down as consumers start eating out but we are confident that new occasions and users we have acquired in the past six to nine months will stick, allowing retail growth to sustain,” Mittal said.
McCain India, a wholly-owned subsidiary of the Canada-based company closed the December quarter with pre-covid utilization of its manufacturing plant.