Financial Daily from THE HINDU group of publications
Wednesday, Apr 06, 2005
Financial Daily from THE HINDU group of publications Wednesday, Apr 06, 2005 |
|
|
|
|
|
Corporate
-
Outlook Nestle expects margins to remain under pressure Our Bureau
New Delhi , April 5 NESTLE India expects margins to remain under pressure this year, in view of hardening oil prices and firm raw material costs. ``In keeping with the situation in the FMCG sector, sustaining margins could be challenging. Oil prices are hardening. And while prices of some commodities are lower compared to 2004, they are still higher than 2002 and 2003 levels,'' said Mr Shobinder Duggal, Director-Finance, during an Analyst Meet called to review Nestle India's performance during 2004. In a bid to improve performance, the company will adopt a two-pronged strategy, of innovation and renovation, to seize opportunities in the Indian market. While projecting acceleration in the FMCG market, Nestle India said it is focused on long-term, sustainable and profitable growth. Echoing these sentiments, the Chairman and Managing Director, Mr Martial Rolland, said the company is focused on long-term, sustainable and profitable growth. ``We will focus on new concepts and driving preference for our products.... GLOBE implementation will further strengthen our business,'' he added.
Article E-Mail :: Comment :: Syndication :: Printer Friendly Page
|
Stories in this Section |
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | Business Line | The Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |
Copyright © 2005, The
Hindu Business Line. Republication or redissemination of the contents of
this screen are expressly prohibited without the written consent of
The Hindu Business Line
|