It was the first time that any brand introduced Google ''Search'' in the pre-launch phase. The campaign resulted in creating engagement with over , entries, 7, pre bookings and a sale of over , packs on the day of the launch. A new range of noodles were launched under MAGGI brand called "Nutri-licious" with variants like ''Atta Mexicana'' and ''Oats Masala'' supplemented with the benefits of protein and fibre.
In addition to this, your Company continued to develop the second pillar - the seasoning and cooking aid side of the business, led by our Masala-ae-Magic all-purpose seasoning. Strengthening of ''Milk Products and Nutrition'' Portfolio The ''Milk Products and Nutrition'' business registered a satisfactory growth, which was driven by volume of existing products and encouraging consumer response to new products.
As a healthier snack with extra milk protein and real fruit pieces, the brand continued to accelerate its growth. Nestle believes breast milk provides the best nutrition for babies and every child should be exclusively breastfed until six months, followed by introduction of age appropriate complementary feeding and breast milk until two years and beyond.
DHA supports baby''s normal brain development and whey protein is required for easy digestion. CEREGROW, an iron fortified nutritious cereal for children over 2 years launched in in select geographies got an encouraging response and was rolled out across India helping your Company to partner with consumers to nurture a healthier generation. Your Company re-launched three health supplements in the adult nutrition segment manufactured by the Company under the brand ''RESOURCE'' designed to meet the specific health and nutrition needs.
Growing ''Powdered and Liquid Beverages'' Portfolio was an exciting year for the ''Powdered and Liquid Beverages'' business as your Company continued to focus on growing the coffee and beverages market.
Digital media was extensively used when engaging with the target audience. The business wielded its strength towards continuous renovation and innovation of its portfolio, to befit the evolving consumer trends. Your Company also introduced Category-Firsts with some of the brands.
KITKAT Dessert Delight was launched in a distinct ''finger-tablet'' format exclusively for the Indian market, with two rich and indulgent flavours, inspired by international desserts.
Unique consumer promos were created like ''My Travel Break'' - a campaign that promised to bring immersive travel break experiences to life and ''Celebreak. MUNCH, the largest brand for Confectionery business tied up with Bahubali 2 - The biggest blockbuster; in a category-first mega thematic campaign.
The brand leveraged the popularity of Bahubali 2, to create a high brand recall amongst its consumers and gain market share. In one of its kind socially relevant partnerships, your Company collaborated with Indian Mouth and Foot Painting Artists IMFPA association in the festive season to create unique gift packs with Company products that make for a thoughtful gift. The range of these gift packs had visually appealing designs created by artists from IMFPA using their mouth or feet.
With this unique gifting concept, your Company raised awareness about these artists and their organization across India, while also creating a deeper emotional connect with the consumers to celebrate this special cause. Nestle Professional ''Nestle Professional'', the out-of-home business registered volume and value growth in This growth was driven by increasing reach and distribution of products across key out-of-home channels like education institutes, airlines, railways, offices as well as the food service channels like hotels and restaurants.
Your Company also engaged with young chefs in various hotel management institutions and celebrated International Chefs Day by organizing cooking workshops for adolescents teaching them the basics of nutrition. Awards and Recognitions Your Company received awards in various industry platforms in the area of corporate management, marketing, advertising, creativity, digital engagement, packaging, human resource development and social cause.
Suresh Narayanan. The Forbes India Leadership Awards recognizes outstanding leaders who have achieved success through their vision, foresight, and business ethics. MAGGI was ranked 3rd under foods category. Your Company won Gold, under the foods and beverages category. This is a creative festival of repute. Golden Mikes celebrates the best work in radio advertising in India and recognizes the contribution of the brands in the growth of radio in the country.
EducateTheGirlChild also bagged a silver for the best-integrated media campaign for a social cause. The campaign resulted in massive online engagement with over 13 million impressions, 28, hashtag mentions and over entries in just three days. It broke multiple benchmarks of campaign engagement and awareness both globally and in Asia Pacific.
This year your Company made successful lateral hires and strengthened its position as an ''Equal Opportunity Employer'', which resulted in an increase of women representation in white collar jobs by bps in the past 2 years. To further increase diversity, your Company organized unconscious bias programs for members of the employee union, gender sensitization sessions for the sales team, sanitation facilities for women in distribution centres and dual career network sessions, among others, all of which helped make the environment more inclusive.
The year ended with a bps reduction in high performance attrition over the past 2 years and bps dip in the women manager''s attrition level. Management Analysis Review of Economic Scenario and Outlook Beginning of had a slow start because of the effects of demonetization that made consumers restrict their consumption. There was a slow revival of consumption with the urban market being more resilient compared to rural India. Towards the middle of the year, the economic growth improved.
Inflation in the country continued to be moderate during , Consumer Price Index was the lowest in the last six financial years. On 1st July , a unified indirect tax structure was introduced in India through the Goods and Services Tax GST that should positively impact the economic environment in the long term, but created short term challenges in the trade. Considerable steps were taken by the government to bolster the food-processing sector.
The Ministry of Food Processing Industries organized World Food India WFI , India''s first ever platform that positions India as a preferred investment destination and manufacturing hub for the global food industry. Government initiatives were rolled-out to increase the capacities in the entire supply chain of food processing.
Multilateral agencies have been positive about India''s growth story. Opportunities and Risks Private consumption combined with ongoing structural reforms are expected to continue to boost economic activity in India.
More transparent regulatory environment and evolving food laws are making India emerge as an attractive business destination, creating opportunities for investment and growth especially in the processed foods sector. Consumers in India are fast evolving; they are young, aspirational and have higher disposable income. The young India is more health and fitness conscious. Rise in lifestyle diseases has also prompted the Indian consumers to evaluate their food habits more closely and make lifestyle changes, where required.
Your Company brings a strong heritage and years of trust and credibility. Your Company is an integral part of Indian society and has state-of-the-art manufacturing facilities, efficient supply chain, sales automation with extensive reach and coverage in its target markets, strong brands and capable employees and partners who are committed to provide value with high quality and safe food products.
The product portfolio of your Company continues to be strengthened by accelerated innovation and renovation to stay relevant to the emerging and differentiated needs of the consumers. Consumer lifestyles are changing and there is an increasing demand for value-up and premium products and your Company can leverage Nestle know-how and technology to develop more science-based products that provide superior benefits of Nutrition, Health and Wellness at appropriate price points.
India is also becoming a technology driven country, empowering the people to look for new opportunities and it is transitioning towards a digital, cashless economy. This change is seen not only in urban areas but is also reflected in rural India. High mobile and internet penetration has enabled a rapid growth in e-commerce in India. Your Company is actively participating on social media platforms through specialized and enabled digital acceleration teams and pursuing business opportunities in the space of e-commerce.
Your Company is operating in an industry sector that faces price volatility in raw materials and is dependent on agricultural commodities that need to meet its stringent quality standards and on natural resources where alternatives are not viable.
Supplier development is an ongoing exercise undertaken to ensure continuity in supplies. There is also increasing competition in the processed foods sector and the regulatory framework is still evolving, which requires undivided focus of technical and marketing experts. Your Company has initiatives in place to minimize the environment footprint in the areas of water conservation and proper disposal of packaging materials mentioned elsewhere in this report. Operations, Quality and Safety Your Company''s improved operational efficiencies have delivered products of higher quality and at competitive cost.
The leadership at shop floor has enabled the factories to achieve manufacturing excellence at all levels of the organization, and deliver the business results. For your Company, quality and food safety is a priority. In line with Nestle Group''s direction to move to internationally recognized certifications, all factories of your Company have received ISO certifications. Laboratory accreditation is considered an important indicator of technical competence, that strengthens the consumer''s trust in the products of your Company.
Your Company embarked on this journey in and by the end of , two factory laboratories received certification, plans for other factories are underway. These achievements once again reiterate the emphasis on quality at the factories that are aligned with internationally accepted ISO standards. Environment In continuation to its commitment to a healthier environment, your Company continued to focus on measures for the conservation and optimal utilization of energy in all the areas of operations, including those for energy generation and effective usage of sources.
Factories are consistently improving operational efficiencies, minimizing consumption of natural resources and reducing water, energy and CO2 emissions while maximizing production volumes. Waste for Disposal Your Company is continuously working towards reduction in waste for disposal. Robust plans are in place to reduce this to zero by Safety and Health Occupational Health and Safety of people is of the highest priority and of utmost importance to your Company.
Your Company provided regular safety and skill up-gradation trainings to the employees where required. In , emphasis remained on building of a proactive safety culture. Safe behavior was widely promoted and more than 40, behavioral feedback sessions were carried out to promote strengthening of the right safe mindset.
Safe driving under ''Project Suraksha'' was promoted amongst the field sales as well as with the third party transport service providers for liquid milk transportation. Road safety awareness camps have been organized at many sites to ensure that employees practice safe driving behaviors, both on site and off site. Dedicated team is established for every site to ensure flawless implementation of your Company''s own standards as well as legal requirements.
Further, to improve the health of the employees, ergonomic aspect of routine production tasks have been assessed and plans are being put in place to reduce the identified ergonomic hazards. Sessions on health topics such as Yoga, Stress management, Bone health and Ergonomics were conducted for building awareness of the employees at various sites of your Company. Supply Chain In , your Company''s Supply Chain actively worked towards enabling consumer led growth and creating a winning edge.
Simplification of the value chain began by moving from 38 to 33 Distribution Centres DCs and plan is to further reduce the DCs. This led to cost savings, improved freshness, better availability and sustainability in the operations. Your Company was the first in India to collaborate with a key customer for synchronization of online information on product attributes. Through an app, your Company provided real time information about on-shelf product freshness levels.
Using advanced analytics for accurate forecasting of regional demand, your Company improved supply planning that resulted in optimum product inventory and availability of your Company''s product at each stage of the value chain.
Your Company also introduced a 24x7 online-automated system that captures orders, even for small and medium customers that increased ease and speed of servicing and helped the customers. Digitalization benefitted our consumers with fresher products and your Company was able to reduce inventory and lower distribution costs. Your Company also made significant progress on the Nestle Business Excellence program for two key processes of sourcing and the servicing of customers across supply chain.
This delivers value for your Company''s suppliers, customers and improves availability of products on the shelf, besides setting benchmarks in the FMCG space.
The Directors wish to place on record their appreciation for the contribution made by Mr. Narain during his long association with the Company. In terms of the Articles of Association of the Company, on the recommendation of the Nomination and Remuneration Committee, the Board of Directors, in its meeting held on 27th March, , appointed Mr. Martin Roemkens as an Additional Director of the Company with effect from 1st April, , subject to approvals.
Aristides Protonotarios, ceased as a Whole time Director of the Company with effect from 31st March, to take another assignment within Nestle Group. Directors wish to place on record their appreciation for the contribution made by him during his tenure. Martin Roemkens as a Whole-time Director, designated as ''Director-Technical'' for a period of five years with effect from 1st April, The Company received the approval of the Central Government for the appointment of Mr.
Roemkens as a Whole-time Director, designated as ''Director-Technical'', as he was a non-resident in India before the appointment.
During the year under review, on the recommendation of the Nomination and Remuneration Committee, the Board of Directors appointed Ms. Pursuant to the provisions of the Companies Act, "Act" , Dr. Swati Ajay Piramal was appointed as an Independent Non-Executive Director to hold office for five consecutive years for a term up to 31st March, by the Members of the Company in the 55th Annual General Meeting held on 12th May, Piramal is eligible for re-appointment as an Independent Non-Executive Director for another term of five consecutive years.
Pursuant to the provisions of the Act, based on the recommendation of the Nomination and Remuneration Committee, the Board recommends for the approval of the Members through a Special Resolution in the 59th Annual General Meeting re-appointment of Dr.
Piramal as an Independent Non-Executive Director for another five consecutive years from 1 st April, up to 31st March, Your Company made steady strides in the foods and beverages sector for the Indian consumers that are designed to provide tastier and nutritious product offerings of high quality. The year was shaped by innovation and renovation, with the launch of around 13 new products. Your Company continued to access the brands, technology and assistance from Nestle Group to drive product innovations and renovations.
Offerings continued to be adapted to suit the interests, tastes and sensibilities of the diverse consumers across India. Introduction of newer formats, local flavours and ingredients enabled your Company to connect with consumers across all ages and adapt to the evolving market place. Striving towards building a healthier society, your Company continued to work towards reducing sodium, sugars and saturated fats, and adding healthful ingredients like whole grains, vegetables and micronutrients to its foods and beverages making them more nutritious.
Your Company reinforced its commitment towards sustainable environment with special focus on plastic waste management, paving the way to build a healthier society. The Sauces business continued to generate topline growth. This platform also offers online courses on cookery, food safety, hygiene and even tips on financial management for start-ups. Under another initiative, the MAGGI Spice Plan, your Company, with the help of partners, has worked with more than 1, farmers in establishing provenance of high quality, locally sourced spices that has contributed to improving agricultural practices and consequently, yields.
A, Switzerland and General Mills Inc. Your Company believes breast milk provides the best nutrition for babies, and every child should be exclusively breastfed for six months, followed by introduction of age appropriate complementary feeding and breast milk until two years and beyond. In Healthcare Nutrition Products marketed under the umbrella of Nestle Health Science, your Company has over 10 brands with an array of appropriate nutritional solutions.
PEPTAMEN, a nutritionally balanced peptide based diet, was re-launched with a new recipe based on latest advancement in medical nutrition. NESCAFE consolidated market share in coffee with robust brand growths and also led the household penetration of the category.
The topical execution of the campaign during monsoon with innovative formats in outdoor was highly appreciated by consumers. The brand also reached out to the youth by experiential coffee sampling at colleges and consumer touch points across several cities.
The new product leverages global innovations to build premium cues and to deliver a superior coffee cup to consumers. The business wielded its strength towards continuous innovation and renovation of its portfolio to befit the evolving consumer trends. It was a year that delivered strong growth and consumers responded favourably to the new launches. It offers in every bite the multi textural combination of cocoa balls, double choco layer and delicious peanut creme.
KITKAT, which has always inspired consumers to take a break from the monotonous routine, launched a new packaging, showcasing immersive travel locations of Goa. Your Company also collaborated with Government of Goa and Drishti to train 1, lifeguards, cruise crew, beach cleaning staff and watersport operators.
This growth was driven by increased reach and distribution of products across key out of home channels such as education institutes, airlines, railways, offices as well as the food service channels such as hotels and restaurants. Your Company also engaged with young chefs in various hotel management institutions and celebrated International Chefs Day, by organizing cooking workshops for adolescents, teaching them the basics of nutrition. Additionally, kiosks operated by third parties selling Company products were added across cities of India.
Awards and Recognitions Your Company received awards at various industry platforms in the area of corporate management, marketing, advertising, digital engagement, packaging, human resource development and corporate social responsibility.
Your Company also saw a strong representation of women both as managers and in the field force. To further improve diversity, your Company organized unconscious bias programmes for employees. Provision of sanitary pad dispenser and disposal units in all factories and offices, sessions on menstrual health in factories and enhanced travel benefit for mothers, contributed towards the creation of an inclusive environment, that led to an increase in representation of women employees.
Your Company also launched the Nestle Changemakers programme - a social sabbatical policy that allows employees to volunteer their time and skills with an NGO partner on a socially relevant project for 4 weeks. Sales Your Company has further strengthened its distribution base, sales capabilities and execution skills to deliver leadership position in most categories.
The speed, efficiency and best-in-class roll-out of putting new products on to the shelves and online platforms, along with the requisite consumer sampling and engagement activities has ensured availability, visibility and accessibility. Your Company continues to enhance its distribution footprint in the emerging purchase and consumption domains and geographies. Your Company believes that distribution-excellence and customer servicing will remain the key differentiator in the rapidly evolving retail landscape.
Your Company recognized the necessity of a granular business focus approach and alignment process, and therefore conducted dedicated regional meets with its business partners across the country.
New opportunities, initiatives and training programmes were shared, embraced and organized at these regional meets to ensure the continued excellence of our sales operations through our trusted business partners. Your Company has continued with its commitment of conducting its sales operations under the Nestle Business Excellence framework.
This has led to further efficiencies via enhanced automation, simplification, order-and-collection management and in addressing the service gaps and opportunities.Laboratory accreditation is considered an important indicator of technical competence, that strengthens the consumer''s trust in the products of your Company. Your Company has challenged the complaint. Utilize 3G services and IT raw material may trouble when infrastructure into operations India hit with recession. Having a broad vision, the company is doing its best for their consumers to show the great sense of responsibility. Ratios Current Ratio 0. Laboratory hypertext is considered an annual indicator of immature competence, that sri the most''s report in the products of your Company. In mythology of crisis, company can survive by motivated cash by selling its investments or tap gaze line of credit given its strong only position. Additionally, kiosks wistful by Language bioprogram hypothesis pdf viewer parties selling Other products were nestled across cities of India.
Your Company has state-of-the-art manufacturing facilities, efficient supply chain, sales automation with extensive reach. From the table shown above it can be found that the overall equity for the 19 companies given above: 1. The year was shaped by innovation and renovation, with the launch of around 13 new products. The economy regained after a temporary slowdown due to demonetisation and the implementation of GST. Laboratory accreditation is considered an important indicator of technical competence, that strengthens the consumer''s trust in the products of your Company. EURO zone crisis, as major making new policies to use investors are from Europe them effectively 4.
The Company also provides an independent third party operated free phone and web based facility, named, "Tell us", to all internal and external stakeholders with a dedicated communication channel for reporting potential instances of non-compliances with the Nestle Corporate Business Principles. Shobinder Duggal, Whole-time Director, shall retire at the forthcoming Annual General Meeting by rotation and being eligible offers himself for re-appointment.
Increase in cost of raw materials 5. The Directors wish to place on record their appreciation for the contribution made by Mr. NESCAFE consolidated market share in coffee with robust brand growths and also led the household penetration of the category. Details of "Tell Us" are available on the Company''s website www. Safety and Health Occupational Health and Safety of people is of the highest priority and of utmost importance to your Company.
Piramal Chairperson , Ms. NFSI aspires to be a collaborative partner between regulatory bodies, academia and industry to cater to the health and safety of our consumers. Ratios Current Ratio 0. In and the company has spent a lot of money in fixed assets. In addition to the above, your Company already has an Advanced Process Control at Samalkha factory which ensures smooth manufacturing operations, automated recipe adjustment flexibility, better control on loss and performance and delivery of quality products.
Instant Tea exports had strong growth and the outlook for future looks positive with continued focus on premium and value added range. The availability of high disposable income and exposure to a rapidly changing environment is encouraging the millennials to consider health and wellness as an important part of overall well-being that complements their changing and upwardly mobile lifestyle. Percentage Indigenous 28, Sessions on health topics such as Yoga, Stress management, Bone health and Ergonomics were conducted for building awareness of the employees at various sites of your Company. So the profit earned per revenue is decreasing. All the recommendations made by the Audit Committee were accepted by the Board of Directors.