Nestle India says long-term growth intact despite demand concerns
New Delhi, Aug. 4 -- Nestle India sought to calm investor concerns after warning that consumption could soften in the coming months, saying near-term inflationary and macroeconomic pressures would not derail its long-term growth plans.
"While these are headwinds, inflation would be of concern, given where we are on this journey in terms of penetration, in terms of the rural consumer, in terms of premiumisation, I remain quite confident of our ability to handle these short-term blips," said Manish Tiwary, chairman and managing director of Nestle India, during an analyst call.
"I still believe the medium to long-term growth story for us does not get impacted. The team has the resilience to work around and address some of these challenges ...
Click here to read full article from source
इस लेख के रीप्रिंट को खरीदने या इस प्रकाशन का पूरा फ़ीड प्राप्त करने के लिए, कृपया
हमे संपर्क करें.