Nestle flags near-term consumption slowdown amid West Asia conflict, El Nino concerns

Nestle India anticipates slower consumption growth in the food and beverage sector soon. Geopolitical tensions and weather uncertainties are impacting consumer demand and raw material costs. The company remains confident in its long-term growth prospects despite these challenges. Nestle India reported strong profit and revenue growth for the June quarter. Expansion in rural markets and premiumization are key drivers for future growth.

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