New Delhi, June 3 -- Packaged foods maker Nestle India Ltd.'s capital expenditure has surged nearly fivefold as a percentage of its sales in the past decade, driven by greater demand for its products and its ability to manufacture more in India, according to its outgoing chairman and managing director Suresh Narayanan.

Nestle India's capex has risen from 1.8% of sales in 2015 to 10% of sales in the financial year ended March 2025, Narayanan said in the company's annual report released Tuesday. In fiscal 2025, the maker of Maggi noodles and KitKat chocolate reported a total income of Rs.20,260.42 crore.

"As a consequence of robust growth, your company is investing in new capabilities and capacities, by increasing product lines in existin...