Nestle India Reports Record Sales and Plans for Continued Growth
Strategy remains focused on volume-led penetration growth: Nestle India CMD
Business Standard
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Nestle India achieved double-digit volume growth and its highest-ever domestic sales in the January-March quarter. Manish Tiwary, the company's chairman and managing director, emphasized a strategy focused on volume-led penetration growth, innovation, and expanding rural market reach.
- 01Nestle India recorded double-digit volume growth.
- 02The company achieved its highest-ever domestic sales in Q1.
- 03Focus remains on volume-led penetration growth.
- 04Innovation is a key strategy for future growth.
- 05Expansion into rural markets is a priority.
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Nestle India reported double-digit volume growth and its highest-ever domestic sales during the January-March quarter. Manish Tiwary (chairman and managing director of Nestle India) stated that the company will continue to prioritize volume-led penetration growth as part of its strategy. Tiwary highlighted the importance of innovation in product offerings and emphasized efforts to increase the company's presence in rural markets. This approach aims to tap into the growing demand for packaged foods across various consumer segments, ensuring sustained growth in the competitive landscape.
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Nestle India's growth could lead to increased job opportunities in the packaged foods sector and enhance product availability in rural areas.
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