Nestle India bets on rural, Tier-II/III demand for next growth leg
At its 67th AGM, CMD Manish Tiwary cited record ₹23,071.5 crore domestic sales and 5.2 lakh new outlets since April 2023 as proof of a widening distribution push. A ₹2,000 crore capex over two years and a new Odisha greenfield plant underpin the rural and semi-urban growth strategy.
At its 67th AGM, Nestle India CMD Manish Tiwary flagged rural and semi-urban demand plus Tier-II/III towns as key growth drivers, citing record ₹23,071.5 crore sales, 5.2 lakh new outlets, ₹2,000 crore capex, and an Odisha greenfield plant.