Nestle India Q4FY23 results preview- Net profit to jump 20%, sales growth continues on volume, pricing
时间:2024-06-26 17:09:51 阅读(143)
Kickstarting the earnings season for the FMCG sector, Nestle India is expected to maintain strong growth momentum with net profit jumping as high as 20.7 per cent on-year for the fourth quarter of FY2023. The FMCG major had recorded net profit of Rs 628.06 crore in the previous quarter of FY23, and Rs 594.71 crore for the fourth quarter of FY22. Nestle India is estimated to record a sales growth in double digits, in the range of 11.7- 14.5 per cent, led by a mix of volume and pricing growth.
“Nestlé India is expected to maintain strong growth momentum with 12.8 per cent sales growth led by a mix of volume and pricing growth. Maggi noodles and chocolate categories are expected to grow at faster pace but milk and related product categories to see moderate sales given high milk prices are adversely impacting growth,” said ICICI Securities. Nestle India is due to announce its January-March quarter results on Tuesday, April 25. The company follows a January to December accounting year.
According to brokerage firms and analysts, gross margins at Nestle India are expected to contract due to inflation in key input prices. “Gross margins to contract by 89 bps YoY, due to inflation in key input prices. EBITDA margins expected to contract by 58 bps YoY at 22.8 per cent. EBITDA expected to grow by 11.6 per cent, while PAT to grow by 13.2 per c
猜你喜欢
- Yatra Online IPO to open on September 15
- Promoter entities buy 2
- Wimbledon 2023- Carlos Alcaraz triumphs over Novak Djokovic! Cheers and tears follow magnificent finals
- On the spot with Upasna Dash, founder and CEO, Jajabor Brand Consultancy
- Putin exempts ‘friendly’ countries from Russian price cap response
- Paytm, Nestle, Tata Motors, Titan, NTPC, IDFC among 129 NSE stocks to hit 52-week highs; 13 touch 52-week lows
- Petrol and diesel price July 27- Fuel cost unchanged; Check prices in Delhi, Mumbai, other cities here
- One nation, one poll- Law panel examining various formulae on holding three-tier elections
- Will Nifty trade above 19500 or fall in trade - See GIFT Nifty, FII data, F&O ban, crude, more before market opens