Food company Nestle India is going to announce its fourth quarter (October-December) earnings today. Analysts expect profit after tax of the company to jump 12.1 percent to Rs 313 crore compared to a year-ago period.
Total income may go up 11.2 percent to Rs 2,402 crore in Q4CY13 from Rs 2,161 crore in Q4CY12.
Operating profit is seen going up 10.8 percent to Rs 542 crore and margin may be flat at 22.6 percent compared to same quarter last year.
Analysts expect volumes to be subdued at 3 percent. They say strong exports growth wil drive revenue growth.
Meanwhile, there was a news in November 2013 - parent company Nestle was looking to increase stake in Indian arm by 12.24 percent for USD 1.2 billion.
While clarifying on the same, the company said no such negotiations were taking place. "We are not aware of any such proposal of Nestle S.A. for increase of stake in Nestle India," according to its filing.
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