Nestle India is projected to deliver robust earnings growth in its Q1 FY24 results, driven by price hikes and margin expansion. The company’s revenue is anticipated to increase by 6.6% to Rs. 5,150 crore compared to the same period last year, while net profit is estimated to rise by 16.5% to Rs. 858 crore. Analysts anticipate a higher contribution from out-of-home consumption and gross margin expansion. Nestle India’s proactive steps are expected to mitigate the impact of a rural slowdown, and EBITDA margins are expected to expand to 23.5%. The company’s focus on reducing sugar content in its infant food products is likely to be a key topic of discussion in the earnings call. Nestle India shares have remained in focus recently due to concerns raised about the sugar content in its baby food. The company has responded by stating that it has reduced sugar in its infant cereal range by up to 30% over the past five years. Despite these concerns, Nestle India shares have gained over 1% in the past three months.
Nestle India Anticipates Solid Earnings Growth in Q1 FY24
