We attended the Nestle India analyst meet where the company highlighted its growth strategy which revolves around 1) Innovation being part of Nestl's DNA (contribution up from 1.5% to 5% in 5 years) 2) Expanding reach with increased focus on Rural through creation of Rural distribution centers and wholesale hubs (20% higher village cover by 2024). 3) Reliance on cost efficiency program to help sail the inflation wave and 4) Increased focus on ESG to emerge stronger. Rurban push by Nestle is visible as it grew by 16% during 9mCY21, much ahead of company growth. Nestles manufacturing...