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Nestlé India Limited Annual Report - 2020Marching Together#AsAForceForGood
The Board of Directors ofNestlé India LimitedMr. Suresh NarayananDr. Swati A. PiramalMr. R. V. KanoriaChairman & Managing DirectorNon Executive DirectorNon Executive DirectorMs. Rama BijapurkarMs. Roopa KudvaNon Executive DirectorNon Executive DirectorMr. P. R. RameshMr. David S. McDanielMr. Matthias C. LohnerMr. B. MurliExecutive Director – Finance& Control and CFOExecutive Director - TechnicalGeneral Counsel andCompany SecretaryNon Executive Director'Physically Distant But Together On Purpose'Nestlé India Limited Annual Report - 2020
Index01. Message to Shareholders03. Purpose06. Planet09. Partnerships12. People15. Performance18. Corporate Information19. 10 - Year Financial Highlights20. Board's Report36. Auditor’s Report43. Annual Accounts131. Dividend Distribution PolicyAnnexures to the Board’s Report92. Annexure 1: Report on Corporate Governance107. Annexure 2: Annual Report on (CSR) Activities115. Annexure 3: Business Responsibility Report124. Annexure 4: Secretarial Audit Report127. Annexure 5: Report on Conservation of Energy etc.130. Annexure 6: Information Regarding Employeesand Related DisclosuresMarchingTogether
ensure that our farmers do not lose out. We also announcedthe launch of “MAGGI DESH KE LIYE 2 MINUTE – Ek ChhotiSi Koshish”, a set of year-long initiatives, across the countryto contribute towards societal needs. Under the aegis ofNestlé’s global youth initiative, ‘Nestlé Needs YOUth’, welaunched the Nestlé Entrepreneurship for YOUth platform tonurture budding entrepreneurs and create job opportunitiesthrough a kiosk business model, helping the youth of thecountry cope with these challenging times.We have witnessed ordinary PEOPLE do extraordinary actsA defining moment for us in 2020 has been witnessingordinary people do extraordinary acts. Mustafa Hossain, ourdedicated distributor’s salesman in Gangtok, walked 14kilometers each day for 3 days through the mountainousterrain to get necessary permissions from the localauthorities so that much needed products of Your Companywere available to the consumers during lockdown. Similarly,our sales executive M Balaji, went beyond his call of duty, bysupporting our distributor, Ramakrishnan in Hosur. SinceRamakrishnan’s team could not report to work because of thelockdown, M Balaji, took orders, loaded the stocks inRamakrishnan’s car, and together they delivered the productsto the supermarkets and grocery stores, working tirelessly.Swapan Kumar Roy, is another one of our distributors inKolkata, who serviced 300 retailers alone with the help of justone staff member, and personally delivered stocks.Dear Shareholders,2020 has redefined the way in which we all think and live. Themagnitude and volatility of the COVID-19 pandemic has shapedthe contours of a New Normal where the 5Ps - PURPOSE,PLANET, PARTNERSHIPS, PEOPLE and PERFORMANCE willform the cornerstone of successful organisations.We delivered a strong PERFORMANCE and are committedto Make in India and Made in IndiaYour Company is proud of its 108-year long association withthe nation and as a vindication of this confidence and trust,we plan to invest 26 Billion over the next three to four years.Further, resonating with consumer needs during evolvingtimes, we introduced a range of product and marketinginnovations in line with new normal.Our PURPOSE has helped us stay strong despite challengesin the external environmentYour Company is strongly committed to its global Purpose –‘We unlock the power of food to enhance quality of life forevery one, today and for generations to come’. We committedourselves to the nation’s fight against COVID-19 by givingevery possible support to the communities, authorities andfrontline workers, touching over 1.5 Million people across thenation. We supported feeding programs and distribution ofessential groceries for vulnerable communities by partneringwith leading NGOs and state authorities. We have also aidedthe purchase of medical equipments. Our employees hadvoluntarily donated a part of their salary, which has beentopped up with an equivalent contribution from Nestlé India,and given to the Indian Red Cross Society, for relief efforts. Wecontributed ready-to-drink beverages and confectionery to thefrontline warriors across the country, as a recognition of theirefforts for keeping the nation safe. In collaboration with NGOpartners, we also brought about sustained innovations in ourongoing community initiatives to adapt to the rapidly evolvingexternal environment.Looking ahead in the new normalThe three attributes that will shape successful organisations inthe days to come are resilience, authenticity and compassion.We also have to recalibrate the way we engage with ourpeople and further enable decision-making at the appropriatelevels. Increasing penetration and proclivity towards morecredible, transparent, trustworthy, and scientifically bettermodulated brands is going to be the call of the consumer. Thefuture will demand increased commitment from companiesand their brands, making sure that business stays committedto the community, consumers and the planet.We hope that each of us will rise to this challenge with all thewill power, hope, energy and prayer that we can muster! If thepandemic has taught us a lesson, it is, to embrace humanityand make a difference with our lives for whatever time wehave on the planet.We are committed to the PLANET through the sustainableuse of resourcesClimate change is one of the biggest challenges currently facingmankind. The next decade will see the introduction of productswith lower carbon footprint, and a move to sustainablepackaging. The power to accelerate this change will require amulti-stakeholder approach, bringing industry, government,multilateral agencies and local community to collaborate andmonitor progress, laying the foundation for a better world. YourCompany has been accelerating its actions to reach net zerogreenhouse emissions by 2050 while ensuring high levels ofproductivity.We have strengthened our PARTNERSHIPS during theseunprecedented timesYour Company recognized the difficulties the suppliers aregoing through, and we have ensured continuity in timelypayments which is inherent to our values. We ensured thatevery drop of milk which was offered to us was bought toNestlé India Limited Annual Report - 2020Suresh NarayananChairman & Managing Director1
PERFORMANCEPURPOSEPLEOPEP A R T N E R S HIP S2PLANETFocussingon 5Ps
PURPOSEReaching out in the hourof Need3
Stepping Up to Pandemic ChallengeReaching out to communities impacted & to those at the forefront in thebattle against Covid-19 across 28 states and 6 UTsCookedMealsProductContributionJoined hands withleading NGOs thathas helped serveover 1.7 Million mealsto migrant workers,daily wagers andvulnerable familiesSupported frontline workersincluding police force andcommunities by providingfoods and beveragesAugmentingMedicalSuppliesProvided ventilators, masks,PPE kits, face shields,oximeters butionProvided dry ration andgrocery kits to streetvendors, migrant families,sanitation workers,Mumbai dabbawallas,people with disabilitiesand vulnerable familiesOur employees supported theIndian Red Cross Society throughthe voluntary contributionprogram, which was topped upwith equivalent contribution fromNestlé India. The total contributionamounted to INR 25 Million4
100,000 DairyFarmersStood by our dairyfarmers and ensuredevery drop of milk wastaken into our factoriesfor processingSocietalInitiativesTransformed our on-going CSRprogrammes, creatingawareness on Covid-19 andvirtual meetings to ensure nobeneficiary of our societalinitiatives is left behind.Implementation ofProject Jagriti duringCovid-196.5 Million beneficiaries reached till 20201.5 Million beneficiaries reached in 2020Implementation ofNestlé Healthy KidsProgrammeduring Covid-19Over 397,000 beneficiaries reached till 2020145,000 beneficiaries reached in 2020Nestlé India Limited Annual Report - 20205
PLANETAccelerating OurSustainability Journey6
Pioneering Alternative Materials, Shaping a WasteFree Future and Driving a New BehaviourOur ambition is to achieve100% recyclableor reusable packagingby 2025Commitments on Water: Four Key AreasCommunitiesProviding access towater and sanitationFactoriesDoing more to reduce, reuseand recycle waterOver 300,000beneficiariesReduced water useby 52% per tonneof productionWatershedsAgriculturalSupply ChainWorking with partnersto preserve shared waterresourcesHelping farmers to improvewater managementpracticesEngaged withover 3,000 rice andsugarcane farmersTouching lives of100,000 dairyand 3,500coffee farmersNestlé India Limited Annual Report - 20207
Responsible SourcingEnsuring sustainabilityof dairy and coffeefarmingAccelerating Our Actions to ReachZero Net GHG Emissions and Other ResourcesDirect GHG Emissions(Tons eq. /Ton)Energy Usage (GJ /Ton)- 48%2005- 53%2020200520202005 - 20 : - 48%2005 - 20 : - 53%Water UsageGeneration of wastewater- 52%2005- 55%202020052005 - 20 : - 52%20202005 - 20 : - 55%8
PARTNERSHIPSEnsuring Support Across OurValue Chain9
Showcasing and Strengthening the Trust Built Over Decades We procured every drop of milkoffered to us from dairy farmersduring the lockdown period Social distancing andprecautionary measures werefollowed during milk collection We also ensured uninterruptedtimely payment to dairy farmersSupported MSMEs duringlockdown periodNestlé India Limited Annual Report - 202010
‘ DESH KE LIYE 2 MINUTE ’A year-long campaign that inspires allIndians to take small steps that can makea big difference to our countryConnecting Youth To Farmers1 Million Free MealsUnique challengefor Youth to solveagriculture problemsImage Credit: Wall Street Journal; Illustration Purpose OnlyEnabling 10,000Home ChefsSupporting 10,000Food Vendors11Providing 1 MillionFortified Seasoning
PEOPLEUpskilling, Health &Wellness12
AverageEmployee AgeGender Ratio36 YEARS11.8%Wellness DaysSupporting Remote Working20 Wellness Days forEach Employee toRest and RechargeOffering Reimbursement onExpenses for Communication andWorkplace Furniture for HomesNestlé SURAKSHA Medical coverage to distributor salesforce Insurance policy upto INR 50,000 6,000 individualsNestlé SAMMAN Rewarded operators in factories forworking during lockdown period Token of appreciation from the Company 3,400 permanent employees & 4,000contractual employees coveredNestlé India Limited Annual Report - 202013
NESTERNSHIP - Upskilling Youngsters1,000 VirtualInterns JoinedHalf FromNon-tier 1 Cities2/3rd FemaleInterns Nestlé India launched a virtual internship programme, “NESTERNSHIP” To ensure that the youth do not lose opportunities to develop themselvesprofessionally during the pandemic The programme addressed applicants from Graduates in the final year of anydiscipline and Post-Graduates with a focus on upskilling and enabling them tothrive in workplaces, that they join, at a later dateUpskilling Across Our Value Chain:Training suppliers on COVID-19 preparedness14
PERFORMANCEIn Step With The ConsumerNeeds in The New Normal15
10 Years of Sustainable Volume & Mix Led Q3 20Q4 2201320142015#20162017201820192020Domestic Vol (’000 Tons)116103Q1 20 Q2 20*Volume & Mix Growth %#2015 impacted by MAGGI Issue.*Volume and Mix Growth computed as per Internal reporting standards.10 Years of Sustainable Domestic Value 1520162017201820192020Domestic Sales (Bio)10.710.9*Reported Growth%3129Q1-20 Q2-20 Q3-20 Q4-20Comparable Growth%#2015 impacted by MAGGI Issue.*Reported growth rates in 2017 & 2018 were adversely impacted due to lower reported sales by the change in structureof indirect taxes and reduction in realizations to pass on the GST benefits.Nestlé India Limited Annual Report - 202016
Leading to .Creating Significant Value For InvestorsMARKET CAPITALIZATIONTotal Shareholders ReturnAnnualized Return3,324%20.3%INR50 BillionxIndearkmhncG Bes. FMCUp 35.6 times vINR1,773Billionestim5.132001USD 1.1 Bn2020*USD 24.3 Bn(1 USD INR 47.2)(1 USD INR 73.1)*As on 31st Dec. 2020 INR 1 Billion is INR 100 Crore. Source : Bombay Stock Exchange.Growing Contribution of E-commerce to Domestic Sales201620172018201920203.71.91.30.60.917
Corporate InformationBOARD OF DIRECTORSSuresh Narayanan(DIN:07246738)David S McDaniel(DIN:08662504)Matthias C Lohner(DIN:08934420)P R Ramesh(DIN:01915274)Rama Bijapurkar(DIN:00001835)Rajya Vardhan Kanoria(DIN:00003792)Roopa Kudva(DIN:00001766)Swati A Piramal(DIN:00067125)-Chairman & Managing Director-Executive Director - Finance and Control & CFO-Executive Director - Technical-Independent Non - Executive Director-Independent Non - Executive Director-Independent Non - Executive Director-Independent Non - Executive Director-Independent Non - Executive DirectorMANAGEMENT COMMITTEESuresh NarayananDavid S McDanielMatthias C LohnerAnurag PatnaikAshish PandeB MurliChandan MukherjiHari NarianiMehernosh MaliaNikhil ChandRashi GoelRavi RamchandranSanjay KhajuriaSunayan MitraSushrut NallulwarVineet SinghCORPORATE IDENTITY NUMBERL15202DL1959PLC003786BOARD COMMITTEES:AUDIT COMMITTEEP R RameshRajya Vardhan KanoriaRoopa KudvaChairman & Managing DirectorFinance & Control and CFOTechnicalHuman ResourcesSupply ChainLegal & Company SecretaryConsumer InsightsISIT/Nestlé Business ExcellenceDairyFoods, ConfectioneryCommunications, CerealsSalesCorporate AffairsBeveragesNestlé ED OFFICE100 / 101, World Trade Centre, Barakhamba Lane,New Delhi - 110 001STAKEHOLDERS RELATIONSHIP COMMITTEERama BijapurkarChairpersonRajya Vardhan KanoriaMemberDavid S McDanielMemberHEAD OFFICE“Nestlé House”Jacaranda Marg, ‘M’ Block,DLF City, Phase II,Gurugram - 122 002 (Haryana)CORPORATE SOCIAL RESPONSIBILITY COMMITTEESwati A PiramalChairpersonSuresh NarayananMemberRama BijapurkarMemberDavid S McDanielMemberBRANCH SALES OFFICES- Chimes, Plot no. 142P, Sector 44, Gurugram - 122003- KRM Plaza, 1st Floor, North Tower No. 2, Harrington Road, Chetpet,Chennai – 600 031- Tower “A”, 9th Floor, DLF IT Park, 08, Major Arterial Road,Block – AF, New Town, Rajarhat, Kolkata - 700 156- 1st Floor, ICC Chambers, Near Saki Vihar Telephone Exchange,Saki Vihar Road, Powai, Mumbai - 400 072NOMINATION AND REMUNERATION COMMITTEERajya Vardhan KanoriaChairmanRoopa KudvaMemberP R RameshMemberRISK MANAGEMENT COMMITTEESuresh NarayananDavid S McDanielMatthias C Lohner-FACTORIES- Village Maulinguem (North), Bicholim Taluka - 403 504 (Goa)- Plot No. 294, 297, Usgao Industrial Area, Ponda - 403 406 (Goa)- Unit I & II - Patti Kalyana, Kiwana Road, Samalkha - 132 101 D ist. Panipat (Haryana)- Industrial Area, Tahliwal, District – Una – 174 301 (Himachal Pradesh)- Industrial Area, Nanjangud - 571 301 Mysore District (Karnataka)- Ludhiana-Ferozepur Road, Near Kingwah Canal, Moga - 142 001(Punjab)- P.O. Cherambadi - 643 205 Dist. Nilgiris (Tamil Nadu)- Plot No. – 1A, Sector No. -1, Integrated Industrial Estate, SIDCUL,Pantnagar- 263145, Dist. Udhamsingh Nagar (Uttarakhand)ChairmanMemberMemberAUDITORSB S R & Co. LLP,Chartered Accountants,Building No. 10, 8th Floor, Tower – B,DLF Cyber City, Phase – II,Gurugram – 122 002, HaryanaREGISTRAR & TRANSFER AGENTSM/s Alankit Assignments Limited4E/2, Jhandewalan Extension,New Delhi, 110 055Tel No : 011-42541234, 23541234Fax No : 011-41540064BANKERSAxis Bank LimitedBank of America N.A.Citibank N.A.Deutsche Bank AGHDFC Bank LimitedHSBC LimitedICICI Bank LimitedPunjab National BankState Bank of IndiaStandard Chartered BankYes Bank LimitedLISTING OF EQUITY SHARES (Listing Fees paid)BSE Limited, Mumbai, Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai - 400 001(Scrip Code: 500790)62ND ANNUAL GENERAL MEETINGFriday, 7th May 2021 at 10.00 A.M. ISTAGM through Video Conferencing / Other Audio Visual Means ( VC/OAVM) Facility[Deemed Venue for meeting: Registered Office: 100/101, World Trade Centre,Barakhamba Lane, New Delhi - 110 001]WEBSITEwww.nestle.inFINANCIAL YEAR1st January to 31st DecemberINVESTOR EMAIL IDinvestor@in.nestle.comNestlé India Limited Annual Report - 202018
NESTLÉ INDIA LIMITED10 - Year Financial Highlights in Millions (except otherwise stated)20202019 013,840ResultsSalesProfit from Operationsas % of SalesProfit after Taxas % of 1.51.91.21.84.13.611.720.8Balance Sheet andCash flow statementShareholders FundReturn on Average Equity(%)Operating Cash Flowas % of SalesCapital Expenditureas % of SalesData per ShareEarnings per share ( ividend per share ( 57,2287,1597,0086,639Market capitalisation, endDecemberNumber of employeesFigures from 2016 onwards are as per Ind AS. Effective 1st July 2017, Sales are not comparable due to change in structure of Indirect taxes.*Impacted by MAGGI Noodles issue.#In 2019, special interim dividend of 180 per share paid out of accumulated profits of previous years. Figures have been reinstated in accordance with implementation of Ind AS 116 Leases.Key Financial RatiosAs per the provisions of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the key financial ratios are given below:Particulars20202019*Operating Profit Margin(%) (Profit From Operations/Sale of Products)21.721.1Net Profit margin (%) (Profit After Tax/Sale of products)15.716.0105.870.5Return on Net Worth (%) (Profit After Tax/Average Equity)Current Ratio (Current Assets/Current liabilities)1.71.7Inventory turnover Ratio (Sale of products/Average Inventories)9.810.991.998.8Debtors Turnover Ratio (Sale of products/Average trade receivables)*Figures have been reinstated in accordance with implementation of Ind AS 116 LeasesNotes:1. Interest Coverage Ratio and Debt Equity Ratio are not relevant for the company as it has negligible debt. 2. Significant change i.e. 25% or more over previous year in Return on Net Worth is attributable to payment of specialdividend of 180 per share out of accumulated profits in 2019. This had an impact on retained earnings of 2019 & 2020.Adjusted Return on Net Worth Ratios of 2019 and 2020 without considering the impact of special dividend is 51.3%.19
Board’s Reportin Out-of-Home channel was impacted throughout the yeardue to COVID-19 pandemic. Export Sales growth at 1.4%impacted by lower coffee exports.Dear Members,Your Directors are pleased to present their report and financialstatements for the year ended 31st December 2020.SALESFinancial Results and State ofCompany’s Affairs150,000125,000( in 8.7736.350,0001,458.52,468.8Total Income134,958.8126,157.8Less : Total 50.520,824.319,684.4ParticularsSale of productsAdd : Other operating revenuesAdd : Other IncomeProfit before taxLess: Tax expenseProfit after taxAdd : Other Comprehensive Income(922.1)(1,547.7)Total Comprehensive Income19,902.218,136.7Opening balance in Retained Earnings10,173.727,565.3Amount available for appropriation30,072.745,736.3Interim dividends2020: 135.00 per share2019: 101.00 per share13,016.1Special interim dividend paid outof accumulated profits of previousyears (surplus in the profit & loss account)2020: Nil2019: 180.00 per shareFinal dividends2019: 61.00 per share06,059.411,175.22020EARNINGSEarnings per share ( )215.98Dividend per share ( )InterimProposed - ,0002,00025,940.4* includes special interim dividend of 180/- paid out of accumulated profits ofprevious years (surplus in the profit & loss account).02016# Figures have been reinstated in accordance with implementation ofProfitafter TaxInd AS 116 Leases.Total Sales and Domestic Sales for the year increased by8.1% and 8.5% respectively. Domestic Sales growth islargely driven by volume & mix and is broad based. DemandNestlé India Limited Annual Report - 2020201910,173.7Key ratios:Additional Information:Profit from operations2018Your Company has created a contingency provision of 1,088.9 Million (previous year 1,163.4 Million) for variouscontingencies resulting mainly from matters, which are underlitigation / related to disputes and other uncertainties requiringmanagement judgement. Your Company has also reversed,utilized / settled contingency provision of 580.2 Million(previous year 914.6 Million) due to satisfactory settlementof certain litigations and settlement of obligations underfree replacement warranty for which provision is no longerrequired.5,881.42,410.42017Other Income has decreased due to lower yields and loweraverage liquidities. 17,354.8Less: Dividend distribution tax2016Sales from 2017 onwards impacted due to implementation of Goodsand Services tax.9,738.02018: 25.00 per shareClosing balance in Retained Earnings25,00020172018Earningsper Share2019*#2020Dividendper Share* Figures have been reinstated in accordance with implementation ofInd AS 116 Leases.20
NESTLÉ INDIA LIMITED620161284Debt : Equity02016201720182019*#20201 : 991 : 991 : 993 : 972 : 98OperatingCash FlowsCapitalExpenditureDividend andTax thereonOp. Cash Flowsas a % of Sales530,0004320,000210,00010020162017Net FixedAssetsRatios in % of sales from 2017 onwards are impacted due to implementationof Goods and Services tax.2019*20182020Net FixedAssets Turns (Times)Fixed Assets includes Property, Plant and Equipments and Capitalwork-in-progress.Ratios in terms of sales from 2017 onwards are impacted due toimplementation of Goods and Service tax.* Figures have been reinstated in accordance with implementation ofInd AS 116 Leases.* Figures have been reinstated in accordance with implementation ofInd AS 116 Leases.SHAREHOLDERS' FUNDSEMPLOYEE 10,000305,00015020162017ShareCapital2018Reserves& Surplus2019*#Number of Employees40,000Return on Average Equity (% )80001660001240008200040201602017No. of Employees20182019*#Sales per Em ,0008,0004,0000Operating Cash Flows as a % of Sales40,000Net Fixed Asset Turns (Times)FIXED ASSETSSOURCES AND UTILISATION OF CASH02020Net Sales per Employee2020Ratios in terms of sales from 2017 onwards are impacted due to implementation ofGoods and Services tax.Return onAverage Equity (%)Dividends300The Board of Directors have recommended a final dividendof 65.00 per equity share amounting to 6,267 Millionfor the year 2020. The total dividend for 2020 aggregatesto 200 per equity share which includes interim dividendof 135.00 per equity share paid on 20th November 2020.The dividend recommendation is in accordance with the Dividend Distribution Policy of the Company which isannexed and forms part of the Annual Report and the same isavailable on the Company’s website and can be accessed athttps://www.nestle.in200Material changes affecting the Company* Figures have been reinstated in accordance with implementation ofInd AS 116 Leases.MARKET ere have been no material changes and commitmentsaffecting the financial position of the Company between theend of the financial year and date of this report. There hasbeen no change in the nature of business of the Company.100020162017201820192020Amount Transfer to ReservesMarket Capitalisation (in Bio)Your Directors do not propose to transfer any amount to thereserves.Market Capitalisation is based on year end closing share price quoted on theBombay Stock Exchange.21
ExportsYour Company stood by nearly 100,000 dairy farmers inthese difficult times and bought every drop of milk which wasoffered by them. Your Company continued to work closelywith its 3,500 coffee farmers, 1,250 spice growers andextended its support to numerous farmers in Karnataka bysourcing substantial quantity of tomatoes from them throughits suppliers to reduce distress.In 2020, the exports of your Company registered 4.8%volume growth, driven by categories such as PreparedDishes and Cooking Aids, Milk Products and Nutrition. YourCompany’s continued focus on MAGGI range extension andchannel proliferation brought growth across internationalmarkets.Despite a challenging environment, your Company deliveredrobust growth across all its categories, largely driven byvolume and mix-led growth. NESCAFÉ, KITKAT, EVERYDAY,MAGGI noodles, MASALA-Ae-MAGIC outperformed andcontinued to be significant growth drivers. Your Companydelivered strong performance in the e-commerce channel, dueto rise in in-home consumption. During the rapidly evolvingtimes, your Company continued with its innovation andrenovation journey to meet consumer needs and seven out ofthe eight Nestlé brands held number one position, accordingto Nielsen data. With a strong thrust on innovation, yourCompany launched more than 80 new products in the last5 years and has been consistently present across 7935 urbantowns in last 5 years. Your Company recorded highest ever exports of MAGGInoodles and sauces to the United States, Canada, UnitedKingdom, European Union, Australia and New Zealand,despite disruptions in supply chain, caused as a result ofCOVID-19. Categories such as Coffee and Beverages werenegatively impacted by supply chain disruptions, lower coffeeexports to Turkey and drop in Out-of-Home consumption.Your Company continues to explore new markets forcategories such as Prepared Dishes and Cooking Aids,Chocolates and Confectionery in the Middle East.Contribution to the ExchequerYour Company over the years has been enabling significantcontribution to various taxes. During the year 2020, theCompany through its business, enabled tax collections atCentral and State level close to 35.3 Billion, in aggregate.Your Company accelerated its digital engagements acrosskey parts of its portfolio and also extended AskNestlé 2.0 toHindi, an intuitive mobile website, that provides real-time andpersonalized advice on nutrition.ENABLED CONTRIBUTION TO EXCHEQUERYour Company is proposing to invest 26 Billion over thenext three to four years to augment its existing manufacturingcapacities, as well as towards its new under construction ‘stateof the art’ factory in Sanand, Gujarat, which demonstratesyour Company’s commitment to India.3040000350002520250002000015150001010000% of Sales30000Protecting and preserving the planet in order to carve asustainable future is weaved into the purpose of yourCompany. Your Company has accelerated its actions toachieve net zero green house gas (GHG) emissions, sustainablelogistics, responsible sourcing and less carbon footprint. YourCompany’s GHG emissions and energy consumption hasbeen reduced substantially over a period of 15 years. Wehave taken considerable steps towards reducing packagingconsumption by 2,000 metric tons from 2018 to 2020. YourCompany continues to implement behaviour change initiativestowards plastic waste Contribution as % of SalesRatios from 2017 onwards are impacted due to implementation of Goodsand Services tax.Business DevelopmentIn 2020, the rapidly evolving COVID-19 pandemic, notonly posed a health challenge but significantly impactedbusinesses and the economy across the world. Your Companycommitted itself to the nation’s fight against COVID-19and confronted the uncertainties by focusing on three keypriorities – ‘safeguarding the health and well-being of itspeople, ensuring business continuity to meet consumer needsand supporting communities through its relief efforts.’ Your Company worked closely with employees, localcommunities and business partners to navigate through theunprecedented times, reduced manufacturing complexitieswhich arose as a result of the lockdown and made availableits products to consumers with speed and agility. Nestlé India Limited Annual Report - 2020Your Company has made a long-term commitment toresponsible sourcing and has collaborated with its suppliers tooptimise their consumption of natural resources and minimisesolid waste, including food waste. Your Company encouragessustainable agriculture practices for different crops, creatinglong-term sourcing connections that generate economicstability for farmers and enhances livelihood outcomes. Navigating through uncertain times, your Company continuedits commitment to shape a better world not only for itsbusiness, but also for individuals and families, communitiesand for the planet.22
NESTLÉ INDIA LIMITEDInnovating and Renovating Prepared Dishesand Cooking AidsYour Company believes in the powerof food to enhance lives, improvelivelihoods and protect the planet forfuture generations. Your Companylaunched, ‘MAGGI - DESH KE LIYE 2MINUTE – Ek Chhoti Si Koshish’, aninitiative aimed at inspiring people totake small steps to bring about change. Centered around3S - Swasthya, Swachhta and Sahayata, MAGGI collaboratedwith communities in a purposeful way, prov
Ms. Rama Bijapurkar Non Executive Director Mr. R. V. Kanoria Non Executive Director Mr. David S. McDaniel Executive Director - Finance & Control and CFO Dr. Swati A. Piramal Non Executive Director Mr. Matthias C. Lohner Executive Director - Technical Mr. P. R. Ramesh Non Executive Director Mr. B. Murli General Counsel and Company Secretary Mr .
