Nestle India March Quarter Review- Cerelac Issue, Rising Raw Material Near Term Headwinds: Prabhudas Lilladher

NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Prabhudas Lilladher Report.Nestle India Ltd. displayed another quarter of strong topline led by growth across segments despite tough economic environment. Nestle India continues to report broad based growth across segments, markets (Metros, tier-I-6 cities and rural markets) and channels (modern trade, out-of-home and e-commerce). Long term drivers remain intact, led by-sustained expansion in rural reach (~20-25% of sales),healthy innovation pipelinehuge scope of growth in coffee, ready-to-drink and chocolates and higher growth in channels like E-Com and MT andstrong traction in pet care segment..We believe Nestle India volume growth might suffer in the near term due to-negative publicity and ensuing probe (FSSAI) around cerelac and KitKat (higher sugar content) andexpected increase in chocolate prices (KitKat, Munch) on account of more than 175% jump in cocoa prices since December 2023. Nestle India has sustained investments in expanding product portfolio with expected launch of Nespresso by end of CY24 and joint venture with Dr. Reddy’s Labs has to bring science-backed nutritional solutions to more consumers..Click on the attachment to read the full report:.Nestle India March Quarter Results Review - Robust Topline Growth Ahead Of Peers: Nirmal Bang.DISCLAIMERThis report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Nestle India March Quarter Review- Cerelac Issue, Rising Raw Material Near Term Headwinds: Prabhudas Lilladher

Recent controversy around baby food and KitKat might impact volumes

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