We don't see rolling back of prices as an imminent issue: Nestle India

The company is also increasing its advertising and promotional spends, particularly digital spends

Nestlé India has no plan to slash product prices in the near future as key commodity prices remain high. 

“We don't see rolling back of prices as an imminent issue,” Suresh Narayanan, chairman and managing director of Nestlé India, told investors on Wednesday, responding to a question about price hikes that the company had taken in previous quarters. “Although inflation has come down, commodity prices including that of wheat and milk are still high.” 

Narayanan noted pricing adjustments had impacted almost half of Nestlé India portfolio.

The maker of Maggi noodles and Kitkat chocolates had on October 19 reported a