FMCG · NEST
FMCG - Dairy Products
from 1,497 today
The long-term outlook for Nestlé India remains constructive, supported by a favourable demand environment and the positive consumption impulse expected from GST 2.0 reforms. Hence, we maintain our BUY rating on the stock.
Nestlé India reaffirmed that incremental growth will continue through penetration-led volume growth and accelerating premiumization, leading to a retained BUY rating with an unchanged target price of INR 1,748.
Nestlé India hosted its Analyst Meet 2026, outlining a growth journey focused on penetration-led volumes and premiumization. Given its expensive valuation, we reiterate our Neutral rating with a revised TP of INR1,525.
Nestle India's analyst meet reinforced confidence in the company sustaining strong double-digit sales growth over the medium term, driven by low penetration, rural distribution expansion, traction in E-commerce/quick commerce, and a rising share of premium products. However, rich valuations and potential commodity headwinds from El Nino suggest back-ended returns, leading to a retained Accumulate rating.
Ratings and target prices as published by each firm. Each summary condenses that firm's stated view in its own note and is attributed to it; no report text is reproduced.
