Nestle India’s Q3 seen 10% higher at Rs 296 crore; volume growth around 7%

Retail major Nestle India’s profit is seen over 10 percent higher at Rs 296 crore against Rs 269.4 crore, a poll of analysts by CNBC-TV18 has revealed.

The company’s total income could rise by over 8 percent at Rs 2,554 crore versus Rs 2,363.5 crore.

At the operational front, the EBITDA was seen around 3 percent higher at Rs 488 crore against Rs 475.1 crore. Meanwhile, the margin could be slightly lower at 19.1 percent against 20.1 percent.

Among the key factors to watch, analysts said that revenue growth could be lead by 7 percent volume growth. Meanwhile, 250-300 bps YoY decline was seen in gross margins as a change in sales mix and 7‐8% input cost inflation.

At the close of market hours, Nestle India was quoting at Rs 7,793.05, down Rs 34.85, or 0.45 percent.