Nestle India targets tier-2/3 towns, adds 5.2 lakh outlets with ₹2,000 cr capex
CMD Manish Tiwary told the AGM that Nestle India is doubling down on tier-2 and tier-3 towns where consumption is rising faster, backed by omni-channel and quick commerce. The FMCG major added 5.2 lakh retail outlets and committed ₹2,000 crore capex over two years, including a greenfield facility in Odisha.
Nestle India CMD Manish Tiwary told AGM the FMCG major is betting on deeper tier-2/tier-3 penetration, omni-channel and quick commerce, adding 5.2 lakh outlets and committing ₹2,000 crore capex including an Odisha greenfield facility.