Reported about 7 hours ago
Nestle India is considering small price hikes on its products to address rising costs of coffee, cocoa, and edible oil while striving to maintain sales, as stated by Managing Director Suresh Narayanan. The company, facing pressure from reduced consumer spending and higher commodity prices, aims to keep any increases minimal, acknowledging that such measures could affect volume growth. Despite inflationary challenges in urban areas, the potential reduction in personal income tax in fiscal 2026 may increase disposable income, potentially boosting consumption.
Source: YAHOO