Seeing early signs of volume growth in consumer goods, but sustainability uncertain: Nestle India CMD

Nestlé India Chairman and Managing Director Suresh Narayanan sees signs of revival in urban consumption, though it is too early to determine if the trend will sustain.

“I don’t, as a company, give any forecast on what we will do. I can only say that I think volume growth has started to happen, which is critical for the consumer goods space. Whatever value we report is based on volumes. That has started to happen. Is this a secular trend? I think we’ll have to wait for a while, but at least positive signs have started to come,” Narayanan said in an exclusive interaction with CNBC-TV18.

Despite these positive indicators, challenges remain, particularly commodity inflation, which continues to impact the business environment.

“Overall commodity inflation hasn’t relented. Pricing is the last lever. Will try to minimise pricing as it hurts volumes. Pressure of pricing and value will continue,” he noted.