Nestlé India has said that consumption in the fast-moving consumer goods (FMCG) sector has slowed, but remains confident that its medium- to long-term growth outlook is strong. The company noted that India continues to offer one of the world’s most promising long-term consumer markets, despite ongoing economic and geopolitical challenges.
Company Chairman Suresh Narayanan Tiwary said the business continues to face uncertainties related to energy costs, packaging materials, edible oil prices, shipping disruptions, and currency volatility. However, he expressed confidence in the company’s ability to navigate these challenges while continuing to meet evolving consumer demand.
Nestlé India is expanding its rural presence while also strengthening its position in the fast-growing e-commerce segment, which is currently outperforming the broader market. The company also reported strong momentum in its premium product portfolio, with premium offerings now accounting for 14 percent of the business, up from 11 percent. Growth in this segment is running nearly 500 basis points ahead of the company’s overall growth rate.
The company added that demand in rural markets has remained more resilient than in urban areas, supported by a wide range of products priced between ₹5 and ₹10, making them accessible to a broader consumer base. On Tuesday, Nestlé India’s shares closed at ₹1,492 apiece on the BSE.