NestlÃ©'s profit is seen rising 24 percent year-on-year to Rs 227.5 crore and revenue may increase 15.5 percent to Rs 2,263 crore in the quarter ended December 2016, according to average of estimates of analysts polled by CNBC-TV18.
Packaged food maker Nestle India's fourth quarter earnings are expected to good year-on-year due to low base but sequential performance may be impacted by demonetisation.
Analysts say demonetisation impact may be seen most on chocolates, confectionary & discretionary part of portfolio (contributes around 25-30 percent to total revenue). However, impact may be offset by higher presence in urban areas.
Profit is seen rising 24 percent year-on-year to Rs 227.5 crore and revenue may increase 15.5 percent to Rs 2,263 crore in the quarter ended December 2016, according to average of estimates of analysts polled by CNBC-TV18.
The company follows January-December as its financial year.
Operating profit during the quarter is likely to jump 16.2 percent to Rs 451 crore and margin may expand by 10 basis points to 19.9 percent compared with year-ago period.
Revenues from Maggi, which was relaunched in November 2015, are expected to be around Rs 450-500 crore. Ex-Maggi portfolio is expected to grow 2-4 percent led by launch of new products, analysts say. During the quarter the company said Maggi was back to about 60 percent market share.
Nestle India launched around 25 new products in the last 1 year and there was higher advertising & promotion spending behind renovation and new launches.
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