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VERIFIEDET Finance·neutral
Nestle flags near-term consumption slowdown amid West Asia conflict, El Nino concerns
AI Summary
- ·Nestle India expects a near-term slowdown in consumption growth due to geopolitical tensions and weather uncertainties.
- ·The company reported strong profit and revenue growth for the June quarter.
- ·Nestle India sees expansion in rural markets and premiumization as key drivers for future growth.