Category — Food Processing

Nestle India’s Revenue Crosses $1 Billion

Nestle India announced that it had crossed $1 billion  in revenue in 2017, and that the company’s net profit grew 22.3 percent. For the quarter ended December 31, 2017, total sales grew 10.9 percent and the company posted a 60% greater net profit compared to the corresponding quarter of the previous fiscal.

Suresh Narayanan, chairman and managing director, Nestle India, said, “It is extremely pleasing that we ended year 2017 on a strong note  in revenue, in a year where we had to adapt to significant changes in the external environment,” refering toe new goods and services tax.

For Valentine’s Day, the company  introduced a new two finger Kit Kat Strawberry Duo — a combination of chocolate and strawberry — priced at 15 cents.

Valentine Day Kit Kat

February 17, 2018   No Comments

Coca-Cola Factories in India Go Green

Hindustan Coca-Cola Beverages said that all three of its factories that it operates in India’s southern states of Andhra Pradesh and Telangana will be using solar power as the primary source of energy for manufacturing operations. The company has signed agreements with Vibrant Energy, a Hyderabad-based green energy solutions company, to procure 2.7 million units of solar power for these manufacturing facilities.

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Christina Rugiero, CEO, Hindustan Coca-Cola Beverages said, “Ensuring the well being of the planet is a shared goal. As one of India’s top manufacturing company, preserving and protecting the environment is a responsibility that we take seriously. We are inspired by India’s ingenuity and the government’s vision of achieving 40% cumulative electric power capacity from non-fossil fuel based energy resources by 2030.”

February 6, 2018   No Comments

Amazon India Scales Up Grocery Delivery Operations

Amazon India has started hyperlocal grocery deliveries, including fresh vegetables and fruits from its own stores, in the cities of Bangalore, Delhi-NCR region, Mumbai, and Hyderabad. Two years ago Amazon used to deliver groceries including fresh produce from third party stores such as Hypercity and BigBazaar in under two hours, where it handled the delivery part.

Called ‘Nowstore’, these new stores supply everything from fresh fruits and vegetables to packaged foods, household supplies, baby products, and even appliances and electronics; but they are not open to customer walk-ins, and are known as ‘dark stores’ in industry jargon.

Amazon Logo

January 29, 2018   No Comments

Cargill Develops its Aqua Feed Business in India

Minnesota-based Cargill opened its first feed plant dedicated to fish species in India, enabling fish farmers across the country access to high-quality feed this year. The company has invested more than $10 million  in the plant.

The plant produces fish feed products for carp, tilapia, and other warm water species. Cargill currently sells about 30,000 tons of fish feed a year; the new plant, with a capacity of 90,000 tons annually, enables it to increase its fish feed threefold.

India is an important and fast growing aquaculture market, and we are excited to better serve farmers across Andhra Pradesh, Bengal, Tamil Nadu, and Odisha,” said Chad Gauger, managing director of Cargill aqua nutrition in South Asia. “The new facility positions us to better meet their demand, as the country will soon become the most populous in the world.”

Cargill Logo

January 29, 2018   No Comments

Starbucks Expands Footprint in India

With over 100 stores spread across the metros of Mumbai, Pune, Hyderabad, Chennai, Delhi, and Bangalore over the past five years, Starbucks India, a 50:50 joint venture between India’s Tata Global Beverages and Seattle-based Starbucks Corporation, is planning to add 24 new stores this year. CEO Sumitro Ghosh said, “After we enter Kolkata, [early 2018] we are looking at tier II cities to open new stores and are in the process of evaluating them.”

When asked how much of the coffee served in the stores is sourced from India, Ghosh said, “Roughly, Espresso accounts for over 60 percent of our beverages. Every Americano, Latte, Cappuccino and all of our Frappuccinos are based on the Espresso beverage, which is made from Indian coffee beans sourced from Tata Coffee plantations in Coorg. The Alphonso Frappuccino, introduced in India in 2014, is now offered in Starbucks markets outside India.

Starbucks Coffee signboard

The India Estate blend that is sold in whole bean form over the counter in the company stores in India is also being sold online in the U.S. and other countries. Tata Nullore Estate’s coffee became the first Indian coffee to be roasted and sold at the company’s home city of Seattle in 2016, which was later rolled out across other Starbucks stores in the U.S. A second Indian estate-specific coffee has been selected to be sold in the U.S., and will soon be announced,” said Ghosh.

Coffee is becoming more of a fashion statement among the young and upwardly mobile, and the Chain Coffee Cafe segment has been growing in India with both Indian and International brands joining it: Starbucks, Dunkin Donuts, Cafe Coffee Day, Barista, Costa Coffee, and The Coffee Bean and Tea Leaf. The chain cafe market is estimated to be 36% of the total organized market by 2020, and is projected to grow at a CAGR of 20%.

January 25, 2018   No Comments