FMCG demand sluggish in urban India on account of food inflation, commodity costs: Nestle chairman

Nestle India's chairman, Suresh Narayanan, highlights muted urban demand amid rising food inflation, impacting FMCG growth. The company's net profit for July-September 2024 declines marginally due to higher commodity prices. Although rural demand is stabilizing, price hikes for key ingredients remain a concern.