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Milk, beverages a drag on Nestle

While beverages posted 1.3% volume growth, milk products declined for the fifth year in a row

Sheetal Agarwal  |  Mumbai 

Although Nestle India seems to have recovered most of the lost ground in its Maggi noodles portfolio, pressure in other businesses refuses to subside. This is visible in its results for the March quarter, when domestic sales growth came off from 17 per cent in the December quarter to only 10 per cent.  Analysts say this growth is disappointing, given the low base in March 2016 quarter, when domestic revenues had dipped nine per cent year-on-year. Growth in domestic revenues in the preceding three quarters was in the 17-38 per cent range on the back of a healthy bounce-back in ...

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First Published: Sun, May 14 2017. 22:48 IST
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