New Delhi, June 10 -- Ten years ago, the milk products and nutrition business of Nestle India was its growth engine, accounting for half of its revenue. Today, that share has shrunk to a third and the segment has become the company's slowest-growing business as it focuses on high-growth products.

The milk products and nutrition business-including dairy whitener, condensed milk, UHT milk, yogurt, maternal and infant formula, baby foods and healthcare nutrition-contributed 33.4% of Nestle India's turnover in FY26, down from 38.1% in the previous year. This share was as high as 49.6% in CY16, according to the company's annual reports.

Revenue from the milk products and nutrition group rose 0.7% to Rs.7,716 crore in FY26, the slowest pace a...