Nestle Q3 results preview: PAT, revenue growth seen marginal as muted demand weighs on earnings
Nestle India is likely to see muted revenue and profit numbers in the third quarter as the growth continues to be impacted by muted consumer demand and elevated commodity prices.
Revenue from operations are likely to improve 4% year-on-year (YoY), according to an average estimate of four brokerages, while profit after tax (PAT) is seen rising by a marginal 1% YoY.
The revenue growth will be driven by a minor bump in volumes and price hikes. The company has implemented a price hike in response to rising commodity prices.
Analysts reckon that EBITDA shall inch down 3% YoY owing to high base, sharp inflation in coffee and palm oil and lack of operating leverage.
Here's what to expect from Nestle Q3:
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