Commenting on the new campaign, Suresh Narayanan, Chairman and Managing Director, Nestlé India Ltd., posted, “Each of us has to play our part to protect the environment. Maggi once again takes a pledge and urges you to give ‘2 Minutes of your conscience and time’ to protect our surroundings! The best ambassadors of change are always ordinary men and women, especially our own employees at Nestle India, who show empathy, commitment, action, and conscience to do small acts to protect our environment and gently nudge fellow Indians to make their small yet invaluable contributions.”

This new campaign showcases Nestlé India’s commitment to sustainability. With Maggi’s easily recyclable packaging and robust waste disposal efforts, the company sets a precedent for responsible corporate citizenship and inspires fellow Indians to make meaningful contributions towards environmental preservation.

The post Nestlé India launches new environmental campaign  appeared first on Business of Food.

In his statement, Suresh Narayanan, Chairman and Managing Director, Nestle India, said, “I am pleased to share that we have delivered double-digit growth, despite challenges posed by rising food inflation and volatile commodity prices. We have witnessed a strong growth momentum across our product portfolio led by a combination of pricing and mix.”

Nestle reported an increase in its Earnings Before Interest, Taxes, Depreciation and Amortisation (EBITDA) of 21.8% to Rs. 1,337.7 crore from Rs. 1,098,7 crore. It also indicated that the EBITDA margin improved by 270 basis points (bps) to 25.4% from 22.7%, YoY.

In its statement, the company has highlighted some concerns too that it will have to deal with. “Commodity prices are seeing unprecedented headwinds in Coffee and Cocoa with all time high prices and an ongoing price rally. Cereals and grains are going through a structural cost increase backed by MSP. Milk prices are expected to rise on account of expected harsh summer.”

The Q4 results have been declared in the backdrop of a major controversy that the company finds itself in regarding the levels of sugar content in baby food. The row started after a global report published by Swiss NGO Public Eye was released that claimed Nestle’s product had high sugar content. Indian food safety regulator FSSAI has launched a drive to collect samples of Nestle’s Cerelac baby cereals from across the country.

The post Nestle India’s Q423 profit surge to Rs 934 crore from Rs 737 crore a year ago appeared first on Business of Food.