TIL Desk/Business/New Delhi-After dominating the shelves of Indian retail and medical stores for over 104 years with its packaged foods and infant formulations, Swiss FMCG major Nestle has decided to change its game plan.
The firm, which operates in 189 countries and owns over 2,000 brands, is working on a road map to shed the ‘food and nutrition company’ tag and emerge as a diversified entity by doubling the number of brands outside the food and nutrition segment in India.
Nestle India’s latest plan is in line with its global strategy of strengthening the non-food portfolio. Nestle India’s new-found focus is heavily dependent on the success of two highly profitable business segments — health sciences and infant nutrition. The firm is also planning to strengthen its skin care and hair care portfolios catered through two firms — Galderma and L’Oreal.
“Nestle is not just a food company and a new complexion of Nestle will be clearly visible in 5-10 years,” says Suresh Narayan, CMD of the Indian arm, who took up the baton in the middle of the Maggi crisis in 2015.
