Nestlé targets luxury water sales

Nestlé has raised its sales growth forecast for 2026 after delivering a stronger-than-expected performance in the second quarter of the year, with sales increasing slightly by more than anticipated at 3.7% in its organic products, with expectations of growth between 3% and 4%. The company also announced a joint venture with Platinum Equity to develop its beverage and luxury businesses within a portfolio that includes more than 30 brands sold in 120 countries, with an equal 50% stake for each party. Nestlé continues to restructure its investments, expecting the operating profit margin to be the best in the second half of the year as a result of lower coffee and cocoa costs, despite the cost increases in some items due to the conflict in the Middle East.

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