16 Feb 2022 , 02:13 PM

Result date: 17th February, 2022
Recommendation: Add
Target price: Rs21,650
(Source: IIFL Research)
Nestle India is likely to post a good set of numbers in Q4FY22. Company’s sales may gain by 11.6% YoY. Company’s EBITDA could increase 11.8% as compared to the year ago quarter. PAT is likely to come in higher by 57% YoY to Rs5,526 million.
Volume growth during the quarter is expected to remain weak, impacted by price hikes by the company to counter the strong cost headwinds.
| Rs. Million | December 2021 estimates | YoY Change |
| Sales | 38,130 | 11.6% |
| EBITDA | 8,502 | 11.8% |
| Net Profit | 5,726 | 22.7% |
Source: Company, IIFL Research
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