The powdered and liquid beverages segment was the largest growth contributor, with high double-digit growth. To support this momentum, Nestlé is significantly boosting its manufacturing capacity, with the upcoming commissioning of a third confectionery unit at the Sanand factory, aimed at supporting the INR 5,800 crore capital expenditure plan between 2020-2025.
On the premium front, Nestlé is set to open its first NESPRESSO boutique in Delhi, marking a new phase in consumer coffee experiences. Additional boutique openings are planned for other major cities. Regarding commodity outlook, while prices for coffee, cocoa, and cereals remain firm, edible oil prices have stabilized, and milk and packaging costs are steady.
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