New Delhi, Nov. 15 -- Nestle India Ltd reported impressive domestic revenue growth of 10.5% year-on-year for the September quarter. Analysts estimate this came on the back of 9% volume growth, which is easily the best when compared to other consumer firms. For perspective, volume growth of Hindustan Unilever Ltd, Godrej Consumer Products Ltd, Dabur India Ltd and ITC Ltd (cigarettes) stood at 5%, 7%, 4.8% and 3%, respectively.
Nestle India is relatively less impacted by the current consumption slowdown, given its relatively higher exposure to affluent urban consumers, analysts at Jefferies India Pvt. Ltd said in a note to clients.
"Nestle 's stronger growth also indicates market share gains and a strong core portfolio. The aggressive pace ...