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