Nestle India and Dr. Reddy’s have announced a definitive agreement to establish a joint venture (JV) aimed at bringing innovative nutraceutical brands to consumers in India and other agreed territories. The partnership will combine Nestle’s nutritional health solutions with Dr. Reddy’s commercial capabilities. The JV will license select brands from both companies and is expected to become operational in Q2 of FY25. This collaboration aims to improve access and affordability for consumers.
Markets took a breather after the recent surge and ended marginally higher on Wednesday. Shares of Bajaj Finance, Nestle, Tech Mahindra, IndusInd Bank, Axis Bank, HUL, Kotak Bank among others will be in focus due to various related developments or quarterly earnings. Read more.
Nestle has expressed concerns about the unprecedented headwinds faced by commodity prices, which are expected to impact milk prices. The company’s statement comes amidst rising global commodity prices, including that of milk. This raises concerns for consumers who may have to pay more for their dairy products. Read more to find out the impact of these price hikes.
FMCG companies are using artificial intelligence (AI) to optimize their value chains and understand consumer behavior. Hindustan Unilever is employing AI to predict product turnover and reduce go-to-market lead times. Nestle is leveraging AI to analyze data from sources like social media and develop novel product innovations. Marico has launched an AI-powered skin analyzer for its Kaya Youth oxy-infusion range. Read more to explore how FMCG companies are embracing AI and reshaping their business strategies.
