Nestlé India warns of urban middleclass slowdown as real incomes trail inflation
Chairman Manish Tiwary flags softening discretionary spend among urban middleclass households even as premium and rural segments hold up. Q4FY26 profit rose 26% YoY to ₹1,114 crore, but FMCG peers are hiking prices amid West Asia-linked input cost pressure and 8.3% WPI inflation.
Nestlé India chairman Manish Tiwary warns urban middleclass demand is softening as real income growth lags inflation, prompting deferred discretionary spending. Premium and rural segments remain resilient. FMCG peers hiking prices amid input cost pressure from West Asia disruption.