India's strong performance came as the Swiss major's global sales volume dipped for the January-March period, with the KitKat maker's candy business being the only sweet spot.
Confectionary sales volumes - which Nestle calls real internal growth increased by about 6% even as most other units' sales declined for the period. Globally, Nestle hiked prices sharply by 7.6% to drive organic confectionary sales by 13.5%, its results showed.
India clearly bucked this trend, with the company seeing broad-based growth across its business segments, including confectionary (which includes KitKat and Munch), beverages (driven by Nescafe), prepared dishes and cooking aids (led by Maggi) and milk products and nutrition.
Diese Geschichte stammt aus der April 26, 2023-Ausgabe von Financial Express Mumbai.
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Diese Geschichte stammt aus der April 26, 2023-Ausgabe von Financial Express Mumbai.
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