Nestle India Q1 Preview: PAT may grow 13% YoY; margins to expand on deflation in prices

Nestle India sustained its growth in Q1 2024, with revenue rising by 9% and profit after tax increasing by 13% year-on-year. The company benefited from deflation in palm oil and milk prices, improving EBITDA margins. Analysts highlighted urban and rural demand trends and raw material costs as key factors to watch.