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HomeNewsBusinessNestle India Q1 PAT seen up 19.9% YoY to Rs 583.4 cr: ICICI Direct

Nestle India Q1 PAT seen up 19.9% YoY to Rs 583.4 cr: ICICI Direct

Net Sales are expected to increase by 21.5 percent Y-o-Y (up 4.7 percent Q-o-Q) to Rs 3,707.4 crore, according to ICICI Direct.

July 12, 2021 / 18:48 IST
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    ICICI Direct has come out with its first quarter (April-June’ 21) earnings estimates for the FMCG sector. The brokerage house expects Nestle India to report net profit at Rs 583.4 crore up 19.9% year-on-year (down 0.6% quarter-on-quarter).

    Net Sales are expected to increase by 21.5 percent Y-o-Y (up 4.7 percent Q-o-Q) to Rs 3,707.4 crore, according to ICICI Direct.

    Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 18.2 percent Y-o-Y to Rs 883.5 crore.

    Disclaimer: The views and investment tips expressed by investment experts on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

    Broker Research
    first published: Jul 12, 2021 06:48 pm

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