The performance was powered by double-digit volume growth, driven by over 50 per cent increase in advertising spends, whilst delivering a healthy EBITDA margin of 26.3 per cent, the company said in a statement.
Nestlé India reported strongest quarterly growth in nearly a decade.
“Encouragingly, all product groups contributed to this performance. Penetration and premiumization, combined with disciplined resource allocation and strong execution, have been key in driving growth,” Manish Tiwary, Chairman and Managing Director of Nestlé India, said.
“All our business channels recorded strong double-digit growth,” he said.
“Over the last five years our power brands MAGGI noodles consistently maintained its leadership position in the market, while KITKAT and NESCAFÉ have accelerated their market share growth,” Tiwary noted.
“As we look forward, we will focus on four key priorities – 1) consumer centricity, 2) penetration-led volume growth, 3) reinvestment behind brands and capacity and 4) accelerating tech-led sales and operations,” he said.
Coffee prices continue to trend lower, supported by a favourable crop in Vietnam and the forthcoming crop in Brazil. Cocoa prices remain subdued, reflecting improved supply and moderated demand. Sugar prices remain stable, Nestlé said in its commodity outlook.
Edible oil prices are firm and have moved higher in line with global crude oil prices, supported by increased diversion to biodiesel. Wheat has been affected by unseasonal rains in April, resulting in a delayed harvest and lower quantity and quality. Milk prices have firmed and are expected to remain elevated through the summer lean season, the company added.
