Nestle India flags possible price hikes
Mumbai, May 4 -- Nestle India flagged potential price increases if input costs remain high, even as it continues to prioritize volume-led growth.
"We did see some commodity inflation like milk and wheat. The fuel part is a curveball," chairman and managing director Manish Tiwary told Mint. "Of course, if it persists, while we do want more volume-led growth, we might have to make some price adjustments," he added.
Nestle India, the maker of KitKat and Maggi, has leaned on volumes to drive growth, but Tiwary acknowledged that pricing could return to the mix depending on how commodity costs evolve. "So, from almost a complete volume-led growth, we could have some pricing (-led growth), depending on how the commodity and prices move," he said....
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