Nestlé EVP Sanjay Bahadur Set to Retire at End of 2025
Sanjay Bahadur, the current Executive Vice President and leader of Group Strategy and Business Development, will retire in December 2025 after being with Nestlé for over 40 years.
During his time employed, he worked in different positions in India, Switzerland, Hong Kong, Turkey, and China.
In his current job, Bahadur's duties include managing portfolios, coordinating M&A deals, overseeing venture funds, establishing partnerships, and negotiating licensing agreements.
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Philipp Navratil, Nestlé's CEO, expressed gratitude to Sanjay on behalf of the company for his valuable contributions.
Sanjay's leadership style, characterized by integrity and humility, helped build trust and collaboration within the organization.
Navratil wished Sanjay well in his future endeavors. After Bahadur retires, the M&A department will be under the supervision of CFO Anna Manz.
The newly appointed Managing Director of Nestlé India Limited, Manish Tiwary, has promised to increase investments in brands and manufacturing capacity in order to enhance the company's growth path.
During the Q2 earnings report, the company behind Maggi and KitKat emphasized its commitment to flexibility and creativity.
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Nestlé India released its second quarter financial results for the fiscal year 2026 on Thursday, revealing a 17.3 percent decrease in consolidated net profit to Rs 743 crore from Rs 899 crore in the previous year.
Despite this decline, the company saw a 10.4 percent rise in total income to Rs 5,645.2 crore, with revenue from operations reaching Rs 5,643.6 crore for the quarter.
Tiwary stated that the recent revision of GST rates is projected to boost consumption, improve affordability, and aid in the growth of the FMCG sector.
The company predicts that milk prices will decrease after the festive season, which aligns with the beginning of the flush season. Expectations are for coffee prices to stay stable or decrease, as upcoming harvests in Vietnam and India are expected to be normal.
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On the other hand, the global supply and demand for cocoa is anticipated to even out after a decrease in demand over the last two years. Nevertheless, edible oil prices are forecasted to stay strong and could increase more because of limited global supply conditions.
Tiwary also emphasized that rapid delivery services are still contributing to the increased growth of Nestlé India, with the help of incorporating festivals, introducing new products, generating demand with specific targets, and enhancing the availability of their platforms.