KITKAT and Nespresso firmNestlehas pushed through double-digit price hikes for coffee and chocolate across some markets as it faces soaring commodity costs.
The firm revealed it raised prices by 2.1% overall in the first quarter to counter surging coffee bean and cocoa costs.
In some , price increases were in the double-digits, which impacted its underlying sales growth by volume, according to the firm.
The group reported better-than-expected sales growth of 2.8% for the first three months of 2025, although the higher prices accounted for much of the rise, with sales by volume edging 0.7% higher.
“Despite the significant level of the increases in many markets, the actions were implemented with limited customer disruption,”; insisted.
Group chief executive Laurent Freixe said the impact of “remain unclear at this stage”;.
He added: “Overall, the situation continues to be dynamic, with heightened risks and uncertainty.”;
Mr Freixe cautioned the firm is facing an “environment of heightened macroeconomic and consumer uncertainty”;.
But he saidNestleis sticking to its full-year guidance, “based on our assessment of the direct impact of current tariffs and our ability to adapt”;.
The group revealed it had seen a “pronounced”; initial impact to consumer demand where large price hikes were passed on, but added this is easing as “consumer behaviour and the competitive environment adjust and stabilise”;.
