Coronavirus impact: Nestle Q1 an outlier as consumers focus on food

Robust portfolio, cost efficiency to keep earnings momentum strong

Nestlé India recorded a better-than-expected performance during the March 2020 quarter (Q1), thanks to its large food portfolio that falls under essentials. This was despite most firms being hit by the disruption due to Covid-19.

The owner of brands such as Maggi, Nescafé and KitKat follows a January-December calendar. 

Nestlé’s domestic sales growth of 10.7 per cent year-on-year to Rs 3,124 crore was the best among peers. It was also in line with the 9-11 per cent top line growth it had posted in the previous four quarters. 

Marico had also reported a similar trend last week, with its Saffola