Nestlé India Q3 preview: Sales growth, higher profitability to lift PAT by 20% YoY

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.

Revenue from operations is likely to grow 16% on year to Rs 4,690 crore. In terms of key monitorables, analysts will keep an eye on margin trajectory from the management given that milk prices remain high

The company, which recently joined the Nifty club, is seen reporting a nearly 1% sequential rise in consolidated net revenue for the quarter to Rs 8,757 crore, according to the average of estimates given by 13 brokerages.However, the net profit growth will be much better than its peers given a better operational performance. The bottomline is seen rising 6.5% to Rs 1,186.40 crore

Britannia Q3 Results Preview: The company is seen reporting a moderate 1.2% year-on-year (YoY) growth in consolidated revenue for the December quarter due to flat growth in volumes, according to the average of estimates given by 10 brokerage firms.

Avenue Supermart is expected to report healthy growth in its consolidated revenues, with revenue for the quarter ended December estimated to grow 17-18%. Net profit is likely to rise around 23% YoY. Analysts expect DMart to report a gross margin of 14.1% and an EBITDA margin of 8.4%. Revenue growth for Dmart in Q3 is estimated at 17.2%.

Moving forward, Ceat is closely watching the monsoon’s impact on rural demand

Parachute hair oil and Saffola edible oil maker Marico said in a post-earnings management commentary that it expects gross and operating margins to move up by more than a percentage point in FY24 with easing raw material prices.

Asian Paints Q2 Preview: Net profit is likely to show a solid growth of nearly 60% year-on-year, according to an average estimate of four brokerages. However, revenue during the second quarter is seen moderating to just 4%. Volume growth for the quarter is likely to remain moderate at 7% YoY for India decorative paints, again due to the delayed festive season.

Companies such as Godrej Consumer Products, Dabur and Emami said price-led growth will be back for the industry. India's largest FMCG firm Hindustan Unilever (HUL) too expects some improvement. Dabur said it has increased prices by 2.5% across its food portfolio, while Emami said it is looking at around 3% price hikes this year.

FMCG major ITC is seen reporting a nearly 5% YoY growth in revenue for the quarter ended December to Rs 17,016 crore, according to the average of estimates given by eight brokerages. The company's EBITDA is likely to increase 2.5% YoY to Rs 6,378 crore, and the profit may grow 2% to Rs 5,137 crore