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Dolat Capital Report
Despite the magnitude and volatility of the Covid-19 Pandemic, Nestle India Ltd. delivered good sales growth of 8% in 2020. While in-home consumption categories (~85%) demonstrated strong growth; Out-of Home business was muted due to lockdown restrictions.
In its Annual Report 2020, Nestle India reinforced commitment to 5 P's- Purpose, Planet, Partnerships, People and Performance; which helped the company navigate through unprecedented times.
The company's continuous efforts to innovate new products and categories and high success rate compared to peers is the most encouraging prospect.
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