FMCG sector to fare better in FY17 second half: Nestle India
After witnessing a decline in the first half of FY17, Nestle India said it expects the fast-moving consumer goods industry to fare better in the second half. Nestle projected this on the back of good monsoon and benefits trickling in from the implementation of the 7th Pay Commission's recommendations. However, rising prices could threaten various companies' pricing strategy, it warned.