Nestle India Q1 PAT seen up 6.6% YoY to Rs. 421.2 cr: ICICI Direct

ICICI Direct has come out with its first quarter (April-June’ 19) earnings estimates for the FMCG sector. The brokerage house expects Nestle India to report net profit at Rs. 421.2 crore up 6.6% year-on-year (down 9.1% quarter-on-quarter).

Net Sales are expected to increase by 10.4 percent Y-o-Y (down 0.8 percent Q-o-Q) to Rs. 2,977.7 crore, according to ICICI Direct.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 6.4 percent Y-o-Y (down 6.4 percent Q-o-Q) to Rs. 690.8 crore.

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