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Nestle India is actively seeking acquisitions that align with its existing portfolio and meet valuation expectations, according to the company's managing director, Suresh Narayanan. The food manufacturer, known for brands such as Maggi noodles and KitKat chocolate, has expressed interest in acquiring Capital Foods. Narayanan also addressed competition from local rivals in categories such as noodles.
Nestle India is actively seeking acquisitions that align with its existing portfolio and meet valuation expectations, according to the company's managing director, Suresh Narayanan. The food manufacturer, known for brands such as Maggi noodles and KitKat chocolate, has expressed interest in acquiring Capital Foods. Narayanan also addressed competition from local rivals in categories such as noodles.
In their September quarter earnings commentaries, top FMCG players like HUL, ITC and Nestle flagged worry over uneven rains, the impact of crop output and rising prices of some commodities (wheat, maida, sugar, potato, coffee, etc).