PETALING JAYA: Nestle (M) Bhd
’s extensive range of staple products and cost efficiency measures are expected to sustain the group’s earnings, despite constrained consumer purchasing power.
TA Research in a report said it expects Nestle’s fourth quarter ending Dec 31, 2024 (4Q24) to remain challenging due to cautious consumer spending and headwinds from rising raw material costs, specifically cocoa and coffee.
