Analyst Meet Update - Nestlé India (Hold): Focus on product innovation, expanding rural reach - ICICI Direct Posted On: 2021-02-28 23:12:14 (Time Zone: Arizona, USA) We attended the Nestlé India Analyst Meet to get an insight on the CY20 operational performance. The management also elaborated on its strategy on new launches, rural distribution expansion & aggressive capex plan for the future. Nestlé registered volume growth of 6% in CY20 aided by strong growth in Maggi Noodles (~20% in Q4CY20) & KitKat (>20% in H2CY20). Some key challenges faced by the company during pandemic were sup...