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"New Delhi: Packaged foods company Nestle India on Wednesday announced the launch of an ‘entrepreneurship for youth’ platform to spur out-of-home consumption, which the company said is aimed at budding entrepreneurs and creating jobs through its kiosk business model.  The maker of Maggi noodles and Nescafe coffee said the kiosk business model adheres to stringent food safety and quality monitoring processes. These kiosks operated by the franchisees include Nescafe Corner, Maggi Hotspot, KitKat Break Zone and a+ milk booth.  Nestle said the kiosks, running on a franchisee-operated business model, offer entrepreneurship to generate business and employment for franchise owners. Company chairman Suresh Narayanan said in a statement that the exercise lays high emphasis on creating a conducive working environment and a simple financial module.  For the last reported quarter ended June 2020, Nestle India reported net profit increase of 11% to Rs 486.6 crore, aided by lower taxes, although sales were adversely impacted by the Covid-19-induced lockdown. The Indian unit of the Swiss company had said it witnessed volatility, a sharp decline in out-of-home consumption and disruptions across the value chain, though it regained momentum strongly towards the end of the quarter.  The company had reported that demand in all out-of-home channels declined sharply due to the lockdown, though in-home consumption sales of Everyday dairy whitener, Nescafe and Maggi instant noodles grew steadily towards the end of the quarter.  "
<https://economictimes.indiatimes.com/industry/cons-products/fmcg/nestle-flags-off-entrepreneurship-kiosk-platform-to-spur-out-of-home-consumption/articleshow/78013673.cms>