Nestle Reports Growth In Sales, Backs Price Increase

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KitKat chocolate

 

Nestle has recently reported better-than-expected sales of its products at 5.6 to 23.5 billion percent to especially “KitKat chocolate bar”, “Maggi Bullions, Nespresso capsules and Purina Pet foods Swiss France (23.9 billion euros).

 

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According to Nestle, the group pet food is regarded as the biggest contributor to organic growth, alongside double digit growth in confectionary products including KitKat bars.

 

The CEO of Nestle, Schneider made a remark that, the Group had “delivered strong organic growth in the first quarter as our teams worked diligently to protect volume and ensure resilient mix.”

 

“Portfolio optimization efforts and responsibile pricing helped to offset the ongoing pressures from two years of cost Inflation,” he added.

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