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Maggi, Nestle Milk, Nescafe, Kitkat to get costlier?

The cost of raw and packaging materials is witnessing 10-year highs and continues to surge this quarter, which has hampered its yield from operations

By NH Web Desk

The cost of raw and packaging materials is witnessing 10-year highs and continues to surge this quarter, which has hampered its yield from operations.

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Commodities like edible oils, coffee, wheat and fuel remain firm to bullish. The inflation rate is likely to be a key factor in the short to medium term.

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Popular brands such as Maggie, KitKat and Nescafe are owned by Nestle. The strong growth momentum continued in Noodles during the first quarter of 2022.

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