How Nestle Defied COVID Blues | Suresh Narayanan of Nestle To ET NOW
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All Nestle factories are operational, working at 75-80% capacity. All suppliers and 90-95% distributors operational as well. In a crisis you don't run a company, you serve a family so immunity, nutrition, quality & trust are very important. In this pandemic, consumers are moving towards more affordable packs & witnessing down trading. Also witnessing a strong trend towards limited indulgences but the core categories continue to enjoy fairly strong demand. The mass migration to rural areas could bump up rural consumption. Rural consumption continues to be stronger than urban demand. Nestle witnessed better growth in Tier 2/3/4 cities, semi-urban areas than urban areas. We do expect some inflation as pandemic panic settles down, a certain level of healthy inflation essential for the economy and Nestle is capable of managing a certain level of inflation, says Suresh Narayanan, Nestle India. Subscribe To ET Now For Latest Updates On Stocks, Business, Trading | ► https://goo.gl/SEjvK3 Subscribe Now To Our Network Channels :- Times Now : http://goo.gl/U9ibPb The NewsHour Debate : http://goo.gl/LfNgFF To Stay Updated Download the Times Now App :- Android Google Play : https://goo.gl/zJhWjC Apple App Store : https://goo.gl/d7QBQZ Social Media Links :- Twitter - http://goo.gl/hA0vDt Facebook - http://goo.gl/5Lr4mC G+ - http://goo.gl/hYxrmj Website - www.etnownews.com
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