Nes­tle In­dia Re­cov­er­ing Fast Af­ter Maggi Set­back: Bul­cke

Noo­dles busi­ness back on track but seg­ment con­tri­bu­tion drops

The Economic Times - - Front Page - Ratna.Bhushan @times­


New Delhi: Nes­tle SA global CEO Paul Bul­cke said on Thurs­day its In­dia unit is bounc­ing back more quickly than ex­pected af­ter the Maggi ban set­back last year that led to the com­pany’s flag­ship prod­uct be­ing off the shelves for five months.

“In­dia is re­cov­er­ing faster than an­tic­i­pated, although it still weighed on the Asia zone’s over­all per­for­mance. In In­dia, the Maggi noo­dles busi­ness gained back mar­ket share but the busi­ness re­sults were af­fected by the un­favourable com­par­a­tives,” Bul­cke told in­vestors af­ter the com­pany’s first-quar­ter earn­ings, re­fer­ring to year-ago num­bers.

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