Preview: Analysts see Nestle India posting subdued Q2 sales

Nestle India

16/10/2025 04:04

** Nestle India NEST.NS set to post earnings later in the day

** Analysts expect 11.5% y/y drop in consolidated net profit, per data compiled by LSEG

** Jefferies expects gross margin to contract 30 bps y/y, with continued inflation in raw material basket

** Says post GST cuts, September sales hurt by transitory impact due to channel destocking, delay in consumer pantry buying

** Analysts expect subdued Q2 for consumer firms

** Elara Securities says fast moving consumer goods demand remained muted sequentially in Q2

** Adds extended monsoon, GST shift to weigh on short-term demand

** Stock rated "hold" on avg; median PT is 1,210 rupees, per data compiled by LSEG

** NEST up 12.5% this year, as of last close

 (Reporting by Komal Salecha)

 ((Komal@thomsonreuters.com;))