Swiss food and beverages giant Nestlé recorded strong mid-single-digit growth in India during the July-September 2020 quarter.
Buoyed by the demand for ready-to-cook items during the pandemic, it witnessed higher demand for Maggi, Nescafé, and KitKat, the company informed its investors during an earnings call on Wednesday. Its performance remained better than the previous quarter, when it had posted a meagre 2.6 percent rise in sales in the country.
Demand for its instant noodles and coffee continued to surge. During the lockdown, Nestlé had seen demand for Maggi, dairy whiteners, packaged milk, and coffee grow thanks to in-home consumption, which led to stock-outs at retail outlets.
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.