Under fire over product portfolio, Nestle says working on 'new strategy'


Nestle, the world’s largest packaged foods company, on Monday rushed to control damage from a report on an internal presentation that stated that over 60% of its mainstream food and drinks portfolio was unhealthy. The Swiss company said it is “working on a new strategy”, amid mounting international pressure and scrutiny over its portfolio of foods and beverages.

A spokesperson for its local unit,

India, which makes Maggi noodles and Kitkat and Munch chocolates, said, “We are constantly striving to increase the nutrient profile of our products, as well as innovate with new and nutritious offerings.” Recent moves by Nestle India in this direction have included expanding its Munch chocolate franchise with fruits and nuts, a spinach-infused Maggi noodles variant and the health drink Milo with nine micronutrients.

The Financial Times reported that it had seen an internal presentation circulated among Nestle’s top executives earlier this year, which said that more than 60% of its mainstream food and drinks portfolio could not be considered healthy under a “recognised definition of health”. Nestle India, which follows a January-December financial year, reported double-digit growth for its mainstay brands for the first quarter ended March 2021.

INDIA UNIT SCALES UP COVID RELIEF

Nestle India chairman Suresh Narayanan said on Monday the company will provide families of employees who passed away due to Covid with their two-year base salary along with pension, gratuity and other statutory benefits. It will also support the education of children of such employees and cover the critical hospital expenses of impacted families.



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