Sequentially however, the earnings will be weak, with the net profit likely to drop by nearly 8%, weighed down by a 7% fall in revenue and 8.4% decline in operating profit.
On Tuesday, Nearly 160 companies will be announcing their December quarter earnings including the likes of Britannia Industries and FSN E-Commerce Ventures which operates Nykaa brand.
Preeyam Tolia of Axis Securities, says Nestle s Q3 results meet expectations with slight misses. Nestle has strong overall performance, outperforming other FMCG companies. Expect mid-single digit volume growth. Coffee prices are volatile but other raw materials like palm oil and milk prices are stable, minimal impact on overall margins. Nestle s basket of raw materials remains stable.
Nestle India s net profit for the December quarter is seen rising 18% YoY to Rs 745 crore, according to the average of estimates given by eight brokerage firms. Revenue is seen rising 10.3% to Rs 4,697 crore and the operating profit by 15.3% to Rs 1,126 crore.