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Nestle India targets Rs5,000 crore capacity build-out and names Manish Tiwary as MD

The move comes after a decade of post-Maggi crisis expansion that boosted turnover with wider retail coverage

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Overview

  • The company plans about Rs5,000 crore in capital expenditure over the coming years to expand capacities, launch new product lines and fund sustainability initiatives across its sites.
  • Its tenth manufacturing facility in Khordha, Odisha, will focus on processed foods including Maggi and bolster overall production.
  • Capital expenditure rose to 10% of sales in FY25 from 1.8% in 2015, with a record Rs2,004.4 crore spent last year.
  • Turnover climbed 2.5-fold to Rs20,100 crore since the 2015 Maggi ban, with operating profits growing at an annualised rate of 13.5%.
  • Suresh Narayanan will retire on July 31 and hand over to Manish Tiwary as managing director effective August 1, 2025.