Nestle India Q4FY23 results preview- Net profit to jump 20%, sales growth continues on volume, pricing
时间:2024-06-25 14:59:53 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
- Bharat Jodo Nyay Yatra- Manipur govt approves venue for flagging off yatra, but with a rider…
- MRF, Bajaj Auto, Britannia, HeroMotoCorp, HUL among 156 stocks to hit 52-week highs today; 14 touch 52-week lows
- Beyond numbers- How Artificial Intelligence is reshaping financial services
- EXPLAINER- How’s AI leading the way for enterprise architecture of tomorrow
- Electronics Mart, HDFC Bank, ACC, Bajaj Auto, Adani Enterprises, Avenue Supermarts, PVR stocks in focus
- Nifty above 17400 to rally up to 17800, Bank Nifty to trade in 34700- 36600; HCL tech, Sun Pharma in focus
- EKA Mobility to supply 1,000 e-buses to GreenCell Mobility
- Elon Musk to acquire Twitter for $44 billion, take it private; but where will he get the cash from-
- Nifty in short-term downtrend, but these two stocks may help investors pocket gains