Nestle India share price today: Brokerages including CLSA, Morgan Stanley, and HSBC acknowledged Nestle India's strong volume-led growth but differed in their outlook on margins and valuations.
Nestle India's Q2 results prompted upbeat commentary from brokerages such as CLSA and Morgan Stanley, which highlighted strong volume-led sales growth and a better-than-expected performance on profitability.
Nestle India's net profit for the quarter, down from than in the same quarter a year ago, reflected the impact of the absence of exceptional gains.
Nestle India Q3 FY25 results: The FMCG major was expected to report a fall in Oct-Dec net profit due to weak operational performance and margin squeeze from high coffee and cocoa prices.
Sharekhan is bullish on Nestle India Ltd has recommended buy rating on the stock with a target price of Rs 22,395 in its research report dated October 20, 2021.
Companies such as Dabur India and The Himalaya Drug Co are witnessing high demand for immunity boosters like chyawanprash and honey.
Net sales rose 8.75 per cent to Rs 3,130.74 crore during the quarter under review as against Rs 2,878.83 crore in the corresponding quarter last year, Nestle India said in a regulatory filing.
Nestle SA's Maggi noodles comply with food safety standards, authorities in Goa said, in the first such ruling since the popular instant snack was pulled from stores after another state lab reported high lead conten