ArdorComm Media News Network
June 5, 2025
Nestlé India, the company behind popular brands like Maggi, Nescafé, and KitKat, reported a 3.8% decline in its permanent employee count during the financial year 2024-25 (FY25), even as it ramped up capital expenditure and focused on expanding its operational capabilities.
The number of permanent, on-roll employees dropped to 8,419 in FY25 from 8,736 in the previous fiscal. Despite the reduction in headcount, the company saw an overall increase in employee compensation. The median salary hike for employees stood at 4.9%, with non-managerial staff receiving a 5.2% raise, while managerial personnel saw a 3.5% increase in their pay, according to the company.
Nestlé India, which crossed ₹20,000 crore in annual sales in FY25, significantly boosted its capital expenditure over the years. Outgoing Chairman and Managing Director Suresh Narayanan highlighted that capex has surged from 1.8% of sales in 2015 to 10% in FY25, indicating the company’s commitment to long-term growth and infrastructure development.
The company has also laid out a succession plan with Manish Tiwary appointed as the new Managing Director and Director for a five-year term beginning August 1, 2025. Prior to that, he will serve as Managing Director (Designate) from February 1, 2025, and will take on the role of Key Managerial Personnel starting April 24, 2025.
Tiwary received a total remuneration of ₹29.94 million for his two-month stint in FY25. Additionally, he was paid a lump sum joining bonus of ₹151.96 million to compensate for long-term incentives forfeited from his previous employer.
Meanwhile, outgoing CMD Suresh Narayanan earned ₹23.47 crore in total remuneration for the fiscal year, underscoring Nestlé India’s commitment to rewarding leadership even amid operational adjustments.
This shift in workforce strategy comes as the company continues to invest heavily in capacity building while streamlining its human resource structure.
Source: PTI