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Investing.com -- Nestle India (NSE:NEST) is considering a slight increase in product prices to offset rising costs of coffee, cocoa, and edible oil, while striving to maintain steady sales, Reuters reported on Monday.
Corporate India’s profits were strained in the October-December quarter as inflation in major cities led to reduced consumer spending, coupled with elevated commodity prices.
Nestle India Managing Director Suresh Narayanan told Reuters on the sidelines of an industry conference in Mumbai that price adjustments will be made only where absolutely necessary.
India’s recent decision to lower personal income tax rates in fiscal 2026 is expected to boost disposable income and drive consumption, the report said.
Meanwhile, wealthier consumers continue to spend freely, particularly on rapid delivery services such as Swiggy’s Instamart, Zomato’s Blinkit, and Zepto.
While these platforms have gained market share in urban areas, Narayanan noted that their long-term sustainability remains uncertain, as they are still operating at a loss, the report said.
In January, Nestle India, a subsidiary of the Swiss multinational, posted a lower-than-expected quarterly profit, impacted by weakened consumer demand in key cities and rising product costs.