Nestle India is stepping up its focus on quick commerce to drive growth in its e-commerce business, with improved product availability and channel-specific offerings supporting momentum across digital platforms.
\n\nIn its Q2 Results, Nestle India reported strong growth in its e-commerce business, led by continued momentum in quick commerce, supported by improved product availability and channel-specific product offerings.
\n\nThe company is also seeing strong growth in organised retail, as better in-store execution, consumer promotions and network expansion help strengthen its presence across key categories.
\n\nOrganised retail also delivered strong growth across key categories, aided by improved in-store execution, consumer promotions and network expansion.
\n\nFurther, the company's out-of-home business benefited from innovation and premiumisation across beverages and food products, while exports maintained strong double-digit growth, supported by product launches and expansion into international markets.
\n\nNestle India Chairman and Managing Director Manish Tiwary said, "Rising inflation, particularly food inflation, is a reality."
\n\nThe company would focus on innovation, productivity improvements and operational efficiencies to mitigate commodity cost pressures. In its commodity outlook, Nestle India said coffee and wheat prices were expected to remain range-bound, while sugar and edible oil prices had stabilised at elevated levels.
\n\nCocoa prices remained volatile due to weather-related…
Original source: https://www.timesnownews.com/business-economy
