While sugar prices have surged 30%, rising cost of edible oil, wheat, cocoa adds to margin pressure; packaged food advertisers left to choose between...
Nestlé
FMCG players reassess product claims and review media mixes amid regulatory scrutiny; industry expects an impact on ad spends in the near term
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Manish Tiwary — Chairman & Managing Director (appointment)
Manish Tiwary succeeded Suresh Narayanan as Chairman & Managing Director.
Manish Tiwary — Chairman & Managing Director (appointment)
Manish Tiwary succeeded Suresh Narayanan as Chairman & Managing Director.
Manish Tiwary — Chairman & MD (appointment)
Manish Tiwary, then Amazon India's country head, will succeed long-serving Chairman & MD Suresh Narayanan.
Manish Tiwary — Chairman and Managing Director (appointment)
Manish Tiwary meets PM Modi alongside Philipp Navratil, reaffirming Nestlé's commitment to India.
Manish Tiwary — Chairman and Managing Director (appointment)
Manish Tiwary met Prime Minister Narendra Modi alongside Philipp Navratil, Global CEO of Nestlé.
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Rising Costs Impacting Margins. Nestlé, like other FMCG companies, is facing significant margin pressure due to a 30% surge in sugar prices and increased costs of other raw materials such as edible oil, wheat, and cocoa.
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Regulatory Scrutiny on Advertising. The FSSAI's crackdown on product claims is forcing Nestlé and other packaged-food brands to rethink their advertising strategies and media mixes, which may impact ad spending in the near term.
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Commitment to India's Growth. Nestlé India's leadership, including Chairman Manish Tiwary, has publicly expressed the company's commitment to being a part of India's developmental journey, indicating a focus on long-term growth in the region.