- Nestle India to invest Rs 6,500 crore in expanding production capacity and distribution reach by 2025.
- Investments include setting up new factories in Odisha and Gujarat, increasing Maggi and coffee segment capacities.
- Company experiences 13.2% rise in net sales, reaching Rs 19,210 crore, with net profit surging by 25.5% in 2023.
Nestle India, the leading food company in the country, embarks on an ambitious expansion drive with plans to invest Rs 6,500 crore by 2025. Chairman and Managing Director Suresh Narayanan disclosed the company’s unprecedented capex cycle, aimed at bolstering production capacity and distribution infrastructure. With investments totaling Rs 3,200 crore between 2020 and 2023, Nestle India remains on track to deploy an additional Rs 2,800 to Rs 3,300 crore in the coming years, focusing on expanding its presence in key segments such as Maggi and coffee.
The company’s strategic investments encompass the establishment of new manufacturing facilities, including a packaged foods plant in Odisha with an investment of nearly Rs 900 crore. This move follows the successful setup of a greenfield plant in Gujarat’s Sanand, dedicated to ramping up production of its popular Maggi instant noodles. Nestle India’s commitment to enhancing production capabilities aligns with its continuous growth trajectory, evident in its 13.2% increase in net sales, reaching Rs 19,210 crore in 2023, accompanied by a remarkable 25.5% surge in net profit.
Despite facing challenges such as moderating volume growth, Nestle India remains optimistic about its future prospects, driven by strategic investments and sustained consumer demand. With a legacy spanning over a century in India, Nestle continues to reinforce its position as a frontrunner in the food industry, leveraging innovation and investment to meet evolving consumer preferences and market dynamics.
