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

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.

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