Nestlé Q3 Report 2023

Organic growth was 7.8%. Pricing was 8.4%, reflecting the impact of cost inflation over the last two years. RIG was -0.6%, impacted by portfolio optimization and remaining capacity constraints. In the third quarter, RIG improved to -0.3%, despite temporary capacity constraints for Perrier and a short-term supply constraint for vitamins, minerals
and supplements, which surfaced in August.

Growth was broad-based across most geographies and categories. In developed markets, organic growth was 6.9%, led by pricing with negative RIG. In emerging markets, organic growth was 9.0%, driven by pricing and slightly positive RIG.