The GIFT Nifty, a futures contract based on the Nifty 50, was up 0.3% at 23,555, indicating a higher open for the benchmark index. US and European index futures ticked higher.
Narayen oversaw a period of huge growth at the company. Adobe's annual revenue has multiplied almost six times to about $24 billion since he took over at the end of 2007.
Motilal Oswal notes that while the company's core bakery segment is performing well, domestic biscuits and the QSR business are likely to remain relatively softer, clocking high single-digit growth over the next two-three years.
