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Covid-19 impact on business not materially adverse so far: Nestle India

Nestle India, a subsidiary of NESTL SA of Switzerland, says it has "strong cash position" and is in a "comfortable liquidity position" to meet its financial commitments

Nestle
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Nestle India continues to witness demand for most of its products and its focus in the immediate period is to make sure that its products are available to consumers

Agencies Mumbai
FMCG major Nestle India on Thursday said the impact of coronavirus pandemic on its business operations has not been "materially adverse" so far and the company will continue to evaluate the consequences of the health crisis and subsequent lockdown as the situation evolves.

The company also does not see any "specific challenge in terms of its capital or financial resources" or any "significant deviation in profitability", Nestle India said in a regulatory filing.

Nestle India, a subsidiary of NESTL SA of Switzerland, further said it has "strong cash position" and is in a "comfortable liquidity position" to meet its financial

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