Muted profits, but Nestle India will recover - Nomura

INDIA-NESTLE-NOMURA:Muted profits, but Nestle India will recover - Nomura
  • Language
  • App
  • Subscriptions
  • Specials
  • Sign-In
  • Register
GeStepAhead GrowMyMoney SME Special
moneycontrol.com

Apr 26, 2012, 12.22 PM | Source: Reuters

Muted profits, but Nestle India will recover - Nomura

INDIA-NESTLE-NOMURA:Muted profits, but Nestle India will recover - Nomura

Like this story, share it with millions of investors on M3

Muted profits, but Nestle India will recover - Nomura

INDIA-NESTLE-NOMURA:Muted profits, but Nestle India will recover - Nomura

Post Your Comments

Share Cancel

Reuters Market Eye - *Shares in Nestle India fall 2 percent, a day after the company says net profit in the Jan-March quarter rose 7.8 percent from a year ago, disappointing investors.

* Nomura says Nestle's profits missed estimates, but adds input costs have started to ease and will help lift margins over then next couple of quarters.

* Nomura adds Nestle remains one of its key long-term picks in the sector, but maintains its "Neutral" rating, with target price at 4,345 rupees vs Nestle's 4,936 rupees closing price on Wednesday.

(Reporting by Manoj Dharra; Editing by Rafael Nam)

Ads by Google

Buy, Hold, Sell ? Hear it first on M3
Muted profits, but Nestle India will recover - Nomura

See all

Get started using your favorite social network

or

Login using moneycontrol ID

Username
Password

Need help logging in? Reset password.

Don´t have an account? Sign Up

Get started using your favorite social network

or

Simply sign up using this short form

* mandatory

UserName*

Username should be atleast 4 character

Password*

Password should be 8 or more characters,
atleast 1 number, 1 symbol & 1 upper case letter

Alert

Your Password should contain
  • 8 or more characters
  • At least 1 number
  • At least 1 symbol
  • At least 1 upper case letter
Confirm Password*
Email
Already have an account? Login