Nestle India Q1 results preview: Maggi maker may post double-digit growth in profit, revenue

Nestle India – a consumer products company that manufactures instant noodles Maggi – will report its financial results for the quarter ended March 2023 on Tuesday, April 25. The company is estimated to report a strong set of quarterly numbers with double-digit percentage growth in both top-line as well as bottom-line, aided by price hikes and lower costs.

According to Zee Business research, Nestle India is estimated to report a net profit of Rs 677 crore for the three-month period, which translates to a 14 per cent increase compare with the corresponding period a year ago. Its revenue is pegged at Rs 4,413 crore, marking growth of 11 per cent on a year-on-year basis. 

The company’s earnings before interest, taxes, depreciation and amortisation (EBIDTA) – a measure of company's overall financial performance – is estimated to grow 10 per cent to Rs 1,020 crore, according to the research.

Its margin — a key measure of a business's profitability — is seen flat at 23 per cent for the March quarter. 

Nestle India's volume growth for the three-month period is estimated at 3-4 per cent on a year-on-year basis. 

Investors will closely track the management’s commentary on rural demand.

Nestle India shares have risen about 14 per cent in the past one year, a period in which the Nifty headline index has gained 4.7 per cent. The Nestle India stock trades at 68 times its estimated earnings for the year ending March 2024. 

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