Nestle India Recovering Fast After Maggi Setback: Bulcke
Noodles business back on track but segment contribution drops
PAUL BULCKE CEO, Nestle SA
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.