Martial Rolland, chairman and managing director, Nestle India said: "The extensive work done in innovation and renovation, in particular in the areas of nutrition, health and wellness, and the setting up of appropriate structures is now reflecting in our performance. While we are in a better position to accelerate our growth, the environment continues to be challenging especially on the price of commodities and white collar costs. Various initiatives are undertaken to mitigate them."
Meanwhile, the company said that it was pursuing various operation excellence initiatives to mitigate the impact of the sharp increase in prices of commodities like milk solides, green coffee and wheat flour.