NESTLEIND

considering price hikes to counter commodity inflation

the Indian arm of the eponymous Swiss consumer goods giant, reported a smaller-than-expected quarterly profit, hit by a slowdown in consumer spending in major cities and higher product prices Nestle India may raise product prices slightly to counter inflation in coffee, cocoa, and edible oil, aiming to balance profitability without hurting sales volume. The company faces slower consumer spending in cities and competition from hyperfast delivery platforms, though these platforms are currently unprofitable. Upcoming tax cuts may boost consumption, aiding sales.