Nestle a tad ahead of peers
Mint Mumbai|October 19, 2023
Fast-moving consumer goods (FMCG) companies—Hindustan Unilever Ltd (HUL), Nestle India Ltd and ITC Ltd—are set to kickstart the sector’s September quarter earnings on Thursday.

Investors would do well to keep their expectations in check. Here, lower exposure to rural markets and decent pricing growth should help Nestle perform relatively better.

“Our FMCG pricing monitor (e-commerce) reveals that Nestle continued to take price increases on several products (especially baby food and coffee) during the quarter," said a Kotak Institutional Equities report dated 4 October. The brokerage expects Nestle’s revenue to grow by 11.5% year-on-year in the September quarter.

This compares with 15% growth seen in the previous quarter.

For HUL, muted volume along with flat pricing means year-on-year revenue growth would reduce further in Q2.

هذه القصة مأخوذة من طبعة October 19, 2023 من Mint Mumbai.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

هذه القصة مأخوذة من طبعة October 19, 2023 من Mint Mumbai.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

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