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Kellogg India posts worst sales growth in a decade, profit down too

Nov 26, 2020 - The Economic Times

American cereal maker The Kellogg Co is struggling with low sales growth and profit in India, a market that prefers traditional or savoury breakfast to its ready-to-eat corn flakes and muesli alternatives.In FY19-20, Kellogg posted decade-low sales growth of 4% to Rs 1001 crore while net profit fell 16% to Rs 22 crore, as per Registrar of Companies filing sourced from AltInfo, a data insights firm. In a pronounced deviation from its earlier strategy of globally relying on western style breakfast...