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.
The chocolate and coffee maker says it has seen costs increase so has passed on these hikes to customersIn 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”;.
