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Prabhudas Lilladher Report
Nestle India Ltd. highlighted its growth strategy based on -
- Innovation and renovation
- expanding distribution reach
- cost efficiency program and
- technology led differentiation.
Rural is now an area of focus with targeted increase in village coverage by 33% with 30-40% of relevant products and launching rural centric products given that rural and semi urban markets are growing at 2-2.5 times of urban.
We believe the company will continue to pursue innovation led growth given 70% success rate in past four years, 4.3% contribution from such products and impressive lineup of 40-50 new innovations/renovations.
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