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Nestle India is expected to have double-digit revenue growth between January to March 2022, however, it is anticipated that price hikes will be the main contributor, whilst the underlying volume growth remains slow at 3%. Despite the positive figures, gross and EBITDA margins are expected to fall due to a rise of inflation on essential input prices compared to the previous year. Analysts have predicted the company's revenue growth at 14.5% with an EBITDA margin of 22.8%. Nestle India will report its Q1 results on April 25.

India Business News: Mumbai: Hindustan Unilever (HUL) posted a 10% growth in net profit at Rs 2,552 crore in the fourth quarter ended March 31, 2023.

HUL has clocked an EBITDA (earnings before interest, tax, depreciation and amortization) of Rs 3,521 crore, up 8% YoY in the June quarter. ​Meanwhile, EBITDA margins improved by 40 basis points to 23.6% in the reporting period.

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.

The FMCG majors gross margin and operating margin are likely to expand both YoY and sequentially, on the back of softer raw material prices, price hikes, and operating leverage benefits. Nestlé India is scheduled to release its earnings on Thursday.

Institutional investors such as foreign portfolio investors and mutual funds have increased their stakes in at least 20 Indian stocks in the past three quarters, but only 10 of these investments have yielded double-digit returns in FY23. The stocks that have rewarded the institutional investors include L&T Finance Holdings, Maharashtra Scooters, Arvind Smartspaces, Devyani International, Syngene International, BHEL, Hikal, Mayur Uniquoters, Tata Coffee, and Natco Pharma. Only stocks with a market capitalisation of at least INR 500 crore are included in the study.

Nestle India reported a 37% increase in net profit for the quarter ending September 30, 2023, reaching Rs 908.1 crore. Revenue from operations also rose by 9.4% YoY to Rs 5,036.82 crore. The company achieved a milestone of crossing Rs 5,000 crore in turnover for the quarter and recorded a double-digit domestic sales growth of 10.3%. Nestle India announced a second interim dividend of Rs 140 per share and approved a stock split.

Morgan Stanley said a supportive earnings upgrade cycle, strong festive demand along with rising margins and market share are likely to be key drivers of the stock.

Total sales for the said quarter stood at Rs 4,619.5 crore and were up 15% YoY. Domestic sales grew by 14.6% between April and June.​​

The overall net profit of 12 PSU banks in the first quarter of FY24 surged to ₹34,418 crore as compared to a net profit of ₹15,307 crore recorded in the April-June quarter of FY23.