Strong domestic sales to bolster Nestle Malaysia

CIMB Research said it anticipates a gradual recovery in domestic sales, supported by the easing impact of boycotts and new product launches.

PETALING JAYA: Given the steady demand for Nestle (M) Bhd’s core products like Maggi instant noodles, Nescafe coffee, and Milo chocolate-flavoured drink, the group’s performance in Malaysia is expected to gradually improve over the year supported by recovering consumer sentiment.

TA Research said that cocoa and sugar prices had moderated from their peaks, dropping by approximately 4.4% and 11.8% year-to-date, respectively.