WHEN SURESH NARAYANAN presented Nestlé India’s performance for the quarter ended December at a recent post-earnings call, he began his speech by highlighting the company’s success in spite of a challenging business environment. With inflation running high and demand faltering, at least in the hinterlands, fast-moving consumer goods companies like Nestlé were being tested to the hilt. That however has failed to dent his resolve of emerging stronger—a habit he has cultivated over his three-decade-old journey in the corporate world.
In fact, if one were to describe Nestlé India’s performance under his stewardship as Chairman and MD over the past seven years, there probably isn’t a better phrase than the title of his speech—“Consistency in the face of a storm”. Once nearly decimated by the ban on Maggi noodles, Nestlé India under the leadership of Narayanan— the winner in the FMCG category of the BT-PwC India’s Best CEOs ranking—has since emerged stronger than ever despite the odds. Having then served the Swiss giant for 17 years in various roles across regions, Narayanan was flown back to India in mid-2015 to lead the firefighting exercise that the FMCG major needed at the time.
This story is from the {{IssueName}} edition of {{MagazineName}}.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the {{IssueName}} edition of {{MagazineName}}.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
The EV Craze
The country’s growing luxury car market is seeing a shift with environmentally-conscious consumers betting on electric vehicles as a sustainable travel option. Though just 6%, the share of EVs in the luxury segment is rising rapidly
The Storage Boom
Data centres are being built at a frenetic pace in india as companies scramble to meet the ballooning demand from mobile phone users and firms adopting al. Can the country’s energy infrastructure keep up?
India Beckons
Owing to rising incomes in India and overall wealth expansion, luxury brands are wooing the country like never before
The Pearls of The Sea
Caviar, that rare food, is considered the epitome of fine dining. Here is everything that you need to know about it
66.Brand persona should define the core"
I’d say this was a strategic pivot. We had an iconic brand, but had, over time, evolved into diversified lines of businesses that could no longer be represented within the confines of our ‘name’.
Unwind in Style
Here is acomprehensive list of top tech picks that help you unwind by blending perfection in performance with luxury
A Lifelong Affair with Inspiration
In my art journey, the diversity of my acquisitions mirrored the expanding horizons of my understanding of art
Make it Bubbly
Champagne is much more than just a symbol of celebration and success. Know about its nuances beyond the bubbles
Palatial Splendour
Buoyed by renewed demand, sales of the glitzy mansions of the ultra-rich are surging like never before. Real estate majors are looking to capitalise on this by launching luxury offerings in record numbers
Of Beaches and Cream
GianChand Single Malt Whisky