Nestle to explore growth opportunities in confectionery and coffee segments

Food and nutrition major Nestle India plans to focus on core categories, including milk & nutrition, chocolates & confectionery and coffee & beverages to explore growth and expansion opportunities in these segments, a top company official said.

The company believes that during this time and in the post-COVID-19 world, consumers would seek trust, quality, the intervention of science and technology, better nutrition and better immunity for the family, Nestle India Chairman and MD Suresh Narayanan said at the company's annual general meeting last month, reported PTI.

"These are all areas where the company has core competence and strength and will continue to work on the product offerings catering to such needs," he said.

According to PTI, Narayanan said the company is "looking at with a greater degree of confidence, both in the prepared dishes and cooking aids category and chocolates and confectionery category. The company expects to do well in coffee products and finding growth opportunities". 

In addition, the company has made a foray into new products like breakfast cereals business under the brand name NESPLUS, Nestlé Health Science business, which are witnessing a satisfactory performance, he said. 

On the company's production capacity and continuous supply of products, Narayanan said all eight factories of the company are operational with an average of about 80 per cent of the manufacturing capacity.

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