Nestle India Q3: Analysts Divided on Share Price Upside Amid High Valuations

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CNBC TV18•01-02-2026, 07:11

Nestle India Q3: Analysts Divided on Share Price Upside Amid High Valuations

•Nestle India's Q3 results show strong 19% top-line growth, volume-led, but analysts have mixed views on future share price.
•Jefferies and CLSA maintain 'hold' ratings with target prices near current levels, citing high valuations.
•Nomura gives a 'buy' rating, projecting an 8.8% upside with a target price of ₹1,450 per share.
•Despite strong sales, Gross Margins contracted due to input costs, though increased brand investments are positive.
•Nestle India's stock trades at 60 times its FY28 earnings per share, indicating high valuation concerns.

Why It Matters: Analysts are divided on Nestle India's share price future due to strong Q3 results but high valuations.

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