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Reputation: 642,713  •  Aug 1, 2023 3:11 PM
Bharat is discovering Nestle brands, there is secular growth: Suresh Narayanan
Bharat is discovering Nestle brands, there is secular growth: Suresh Narayanan
Chairman and MD of Nestle India, Suresh Narayanan, said that Bharat or rural India is discovering Nestle brands, and the company is seeing secular growth across all geographies. He cited that the annual penetration of Maggi Noodles, for example, is 80-85%, while coffee's is 30-40%, and there is still low penetration in many of the company's categories. Narayanan also announced that the company invested Rs 2,130 crore in H1-2023.
The Economic Times

https://economictimes.indiatimes.com/markets/expert-view/...
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