Nestle India Q1 Review - Growth Momentum To Continue: Prabhudas Lilladher
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Prabhudas Lilladher Report
Nestle India Ltd. posted a strong set of numbers backed by double digit growth across key brands and improving out of home demand.
Fresh set of lockdowns across the nation on account of increased Covid-19 cases will increase pantry stocking aiding volumes for key brands.
We believe the company’s decision to capitalize on rural growth by increasing village coverage by 33% using 30-40% of relevant products and launching rural centric products will result in strong long term growth given rural and semi-urban markets are growing at 2-2.5 times of urban.
The company will continue its innovation led growth strategy given high success rate of new products and expect to launch 40-50 new products.
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