Nestle raises full-year guidance post 8.1% H1 organic sales growth
Nestle, with well-known brands like Nescafe coffee or Purina pet food, may be better placed than others to offset the rising commodity costs, that are hitting margins, through price increases and efficiency gainsNestle, with well-known brands like Nescafe coffee or Purina pet food, may be better placed than others to offset the rising commodity costs, that are hitting margins, through price increases and efficiency gains
- Jul 29, 2021,
- Updated Jul 29, 2021 12:04 PM IST
Food giant Nestle raised its full-year organic growth guidance to 5-6% after strong demand for coffee lifted organic sales by a better-than-expected 8.1% in the first half of the year.
Food groups are grappling with surging commodity costs that are hitting margins, but Nestle, with well-known brands like Nescafe coffee or Purina pet food, may be better placed than others to offset them through price increases and efficiency gains.
Peer Unilever said last week it expected cost inflation to be in the high-teens in the second half of the year.
Also Read: Tata Sons' arm Panatone Finvest to acquire controlling stake in Tejas Networks for Rs 1,890 crore
Also Read: ‘Zomato, Swiggy two of the best food delivery apps in the world’: Deepinder Goyal
Food giant Nestle raised its full-year organic growth guidance to 5-6% after strong demand for coffee lifted organic sales by a better-than-expected 8.1% in the first half of the year.
Food groups are grappling with surging commodity costs that are hitting margins, but Nestle, with well-known brands like Nescafe coffee or Purina pet food, may be better placed than others to offset them through price increases and efficiency gains.
Peer Unilever said last week it expected cost inflation to be in the high-teens in the second half of the year.
Also Read: Tata Sons' arm Panatone Finvest to acquire controlling stake in Tejas Networks for Rs 1,890 crore
Also Read: ‘Zomato, Swiggy two of the best food delivery apps in the world’: Deepinder Goyal