Mar'25 View on Nestle India Ltd

Nestle India Limited is a subsidiary of Nestle which is a Swiss MNC. The company operates in the Food segment. After making a login double top near 2,750 the stock fallen to 2,100 level taking continuous support and looks to regain its previous high on back of following inputs. • Beverages, prepared dishes & confectionary segment reported resilient growth. • We retain faith in NEST’s unmatched brand portfolio & execution prowess. • NEST’s new product portfolio salience stood at about 7%. • NEST’s net sales growth of 3.9% yoy in Q3FY25. • Growth led by about 2% volume growth, in line with our moderated estimates. • We expect earnings to grow by 13.4% in CY25E & grow by 13.0% in CY26E. • Stock is currently trading at valuation of 57.1x P/E CY26E EPS.