The KitKat and Nescafé maker reported strong double-digit growth in its out-of-home business for FY25, helping India emerge as the second-largest market for this vertical by revenue in the Asia, Oceania, and Africa zone.
Nestle is well placed in various categories it is present; with focus on both urban and rural markets, growth is likely to pick up going forward
Nestle India's shares fell over 3% on Thursday as investors gave a thumbs down to the dairy and food company's first quarter results.
Nestle says India remains an important and attractive market and as it expands its India footprint, the focus will be on coffee, dairy & confectionary and noodles, reports CNBC-TV18's Sunanda Jayaseelan.
Consumers in India already paying more for many essential commodities now need to pay more for their favourite cup of coffee.
The world's biggest food group Nestle raised its full-year outlook after strong demand for its Maggi and Nescafe brands in emerging markets helped it post a forecast-beating 7.5% rise in underlying first-half sales.