Nestle India posts Q4 results; should you buy, hold, or sell? 

Sirali Gupta Apr 26,2024

Sirali Gupta

FMCG major Nestle India reported a 27% increase in net profit at Rs 934 crore for the fourth quarter ended March 31, 2024, on account of strong growth momentum across its product portfolio.

Sirali Gupta

Revenue from operations rose to Rs 5,267 crore for the period under review against Rs 4,830 crore in the same quarter of the financial year 2022-23.

Sirali Gupta

Here's how brokerages view Nestle India:

Jefferies continues with a 'hold' call

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Macquire iterates 'neutral' rating

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CLSA maintains a 'reduce' rating

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Morgan Stanley continues with an 'underperform' stance

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Goldman Sachs maintains a 'neutral' stance

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