ZURICH, (Reuters) – Nestle Food Group on Thursday reiterated its growth and margin targets for 2022. Strong price increases in counter inflation led to an increase in organic sales that was more than what had been expected.

Organic sales (which excludes currency swings, acquisitions or divestments) were higher by 7.6% than the average 5.0% forecast from a company, according to KitKat’s statement. The strong price increases of 5.2% also contributed to this increase, said KitKat.

According to the Nescafe Instant Coffee Company, “Cost inflation continues sharply,” which will demand further pricing and mitigating measures over the year.

Vevey-on-Lake Geneva Group confirmed it anticipates organic sales rising by about 5% and a trading operating margin between 17% & 17.5%.

The group stated that pet care and coffee were the best performing products in the first quarter, and that organic growth did not account for the Russian market. It has since suspended most of the company’s products from the Russian market.

Peer Danone maintained its financial goals on Wednesday following a 7.1% increase in like-for-like sales, which beat expectations.

Nestle’s group sales reached 22 billion Swiss Francs, against a poll estimate of 21.7 billion.