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Nestle India Ltd. hosted an Analysts meet on February 26, 2021 where it presented a holistic view on the performance delivered in CY20 and the company’s business strategy going ahead. Following are the key highlights from the meet –
In CY20, net revenue grew by 7.9%, led by domestic volume growth of 5.7%. Nearly two-thirds of the company’s key products delivered double-digit growth on the back of higher at-home consumption.
Demand for out-of-home categories, which were affected due to the pandemic-led lockdown, continues to progressively improve, but hasn’t completely recovered yet.
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