Street View: Analysts divided on Nestle India's growth prospects

Nestle India

23/07/2026 07:29

** Nestle India NEST.NS shares fall 2.5% to 1,456.3 rupees
** Quarterly profit rises 48% YoY; revenue from ops up 25%
BROKERAGES SPLIT ON SUSTAINABILITY OF GROWTH
** Emkay Global ("reduce," PT: 1,350 rupees) expects margin to be under pressure in 2Q on higher input costs, and growth to moderate in 2H on high base
** Citi Research ("buy," PT: 1,750 rupees) says structural growth drivers remain intact and should support a healthy growth trajectory
** Jefferies ("hold," PT: 1,425 rupees) says the performance was broad-based across categories & channels. We believe the base effect also helped, and the growth rates should taper off from 2HFY27
** Phillip Capital ("buy," PT: 1,660 rupees) says even with some moderation in topline growth ahead, margin expansion on better mix, benign coffee prices and cost savings should continue to drive strong double-digit earnings growth over at least next couple of quarters

(Reporting by Abhinav Parmar in Bengaluru)
((Abhinav.Parmar@thomsonreuters.com;))