New Delhi, July 3 -- Nestle India on Friday said fiscal year 2026(FY26) was a challenging year for India's consumption economy, as global headwinds and rising raw material prices reshaped consumer behaviour.

"FY26 was not a straightforward year for India's consumption economy. Food inflation shaped household choices in ways that went far beyond price," chairman and managing director Manish Tiwary told shareholders at the company's 67th annual general meeting.

"Families reconsidered pack sizes, purchase frequencies, and category priorities," he said, adding that challenges remain even after the company reported a decade-high revenue growth in the fourth quarter of FY26 (Q4FY26).

"There will be quarters that test us. There will be bets t...