Nestle India's long path to recovery
Benign demand and expensive valuations could keep the stock price in check
At its analyst meet last week, Nestlé India management re-emphasised its focus on strong volume-led growth on the back of higher innovations. The company plans to introduce many new products in the premium segment to grow profitably.
However, the Street and analysts are not quite convinced. Be its June quarter (Q2) results on July 29 or the analyst meet on August 22, the Nestle’s stock has underperformed the BSE Sensex. Nestle’s aggression on revenue growth has generated excitement but new launches are niche in nature and would be a drag on earnings in the medium ...
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First Published: Wed, August 31 2016. 21:35 IST