Nestlé India has made significant investments in brand equity and achieved a turnover of INR 5,000 crore, marking its first quarter in history. Consistent performance across all major brands was observed, with domestic sales growing double digit due to mix, volume, and price. Key brands, including KITKAT, NESCAFÉ CLASSIC, NESCAFÉ SUNRISE, MUNCH, and MILKMAID, continued to perform well.
The company has increased its focus on innovation and renovation, launching new products and diversifying its food portfolio. They are promoting millets as a sustainable food option, using their manufacturing and processing capabilities and Indian palate expertise. They recently launched Nestlé a+ Masala Millet with bajra and other millets-containing products. The out-of-home business has seen double-digit growth, driven by portfolio transformation, geographical expansion, and infrastructure investment. E-commerce contributed 6.1% of quarterly sales, driven by Quick Commerce.
The company is expanding its D2C platform, www.mynestle.in, to other cities. Mr. Suresh Narayanan, Chairman and Managing Director, Nestlé India said, “Over the last 111 years we have built enduring partnerships, and I would like to express my gratitude to the unwavering commitment of our partners, suppliers, retailers, distributors and employees for their trust, love and faith bestowed upon us.”