Nestle posted 14.5% YoY growth in domestic revenue across all its product categories in H1CY18 with a healthy volume growth of 9% YoY. Gross margins expanded by 460bps due to benign raw material prices. Higher other income (45% YoY rise) and lower depreciation charges (4% YoY/-1% QoQ) drove strong PAT growth. Recent entry into breakfast cereals and canned beverages will help leverage existing extensive distribution reach for a faster scale-up. Management stressed on innovation backed healthy products and cluster...