Nestle warns of near-term consumption slowdown
Synopsis Nestle India anticipates slower consumption growth in the food and beverage sector soon. Geopolitical tensions and weather uncertainties are impacting consumer demand and raw
Synopsis Nestle India anticipates slower consumption growth in the food and beverage sector soon. Geopolitical tensions and weather uncertainties are impacting consumer demand and raw material costs.
The company remains confident in its long-term growth prospects despite these challenges. Nestle India reported strong profit and revenue growth for the June quarter. Expansion
in rural markets and premiumization are key drivers for future growth.
The BriefWire