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Last Updated : Nov 19, 2020 01:27 PM IST | Source: CNBC-TV18

Nestle India on track to deliver 11th straight quarter of double-digit growth, says CMD Suresh Narayanan

Narayanan said that tier 2, 3 and 4 towns and rural market are doing extremely well while there continues to be operating issue in urban India

CNBC-TV18
Nestle products (Image: Reuters)
Nestle products (Image: Reuters)

Nestle India looks set to deliver the 11th straight quarter of double-digit growth, said Chairman and Managing Director Suresh Narayanan.

“We have had a good quarter at 10.2 percent growth. This will be the 11th straight quarter of double-digit growth,” said Narayanan in an interview with CNBC-TV18.

Narayanan said that tier II, III and IV towns and rural market are doing extremely well while there continues to be operating issue in urban India.

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“The out-of-home consumption is gradually opening up and therefore, foresee some balancing in in-home and out-of-home consumption... Urban India still affected due to operating issues,” said Narayanan.

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Source: CNBC-TV18
First Published on Nov 19, 2020 01:26 pm
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