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Q4CY23 Preview: Nestle India: Revenue seen at ₹46,987 Million, PAT at ₹7,412 Million

6 Feb 2024 , 11:27 AM

Result date: February 7, 2024

Recommendation: Add

Target price: ₹2,500

Analysts at IIFL Securities expect Nestle India to post one of the top performances among the FMCG companies under their coverage, both on revenue as well as profitability. The company’s revenue could grow 11% over the year-ago quarter, on the back of price hikes, expansion in rural markets and new product launches. 

Favorable operating leverage and benign input cost inflation could aid the company’s operating margins during the quarter.

 Profit After Tax or PAT could grow 18.0% over the year-ago quarter.

Important management insights to watch out for:

  • Demand trends in rural and urban markets, product segments
  • Margin drivers, outlook on pricing action
₹ Million

December 2023 estimates

YoY change

Revenue

46,987

11.0%

EBITDA

10,815

11.1%

Profit After Tax

7,412

18.0%

Source: IIFL Research

Related Tags

  • Nestle India
  • Nestle India Q4
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