FMCG · NEST
FMCG - Dairy Products
from 1,492 today
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.
