Nestles 4QCY14 revenues grew by 11.8% YoY to Rs 25.3bn as the domestic business continued its upward trajectory with a 11.3% YoY growth (3QCY14 : 9.9%, 2QCY14 : 9.7%, 1QCY14 : 3.4%). Back of the envelope calculations suggest a 3-3.5% YoY volume growth in the domestic business.