Nestle India's Q42021 net profits down 20%, revenue up 9%
During the entire calendar year, net profits, however, increased three per cent to Rs 2,144.8 crore, as compared to Rs 2,082.4 crore reported in 2020. Revenue from operations during the quarter stood at Rs 3,739.3 crore, a growth of 8.9 per cent as against Rs 3,432.5 crore reported in the year-ago quarter.
Nestle document says 60% of its food portfolio is unhealthy: Report
As per the Financial Times report, Nestle, the maker of KitKat, Maggi and Nescafe, describes the 3.5-star threshold (out of 5-star) as a "recognised definition of health". The report said within its overall food and drink portfolio, about 70 per cent of Nestle's food products failed to meet that threshold, along with 96 per cent of beverages — excluding pure coffee — and 99 per cent of Nestle's confectionery and ice cream portfolio.