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Nestle India's rich valuation limits the upside. The stock is currently trading at 66x 1-year forward earnings, which is 1 standard deviation above the mean multiple.

UBS downgrades Nestle India to Neutral; Stocks trade lower

Companies including Nestle and Dabur are betting on smaller packs and low price points to woo value-conscious consumers in rural areas and small towns.

Small is big for FMCG players as they tap into ‘Rurban’ promise

Nestle India is incorporating millets as an ingredient to provide consumers with more diverse food options. In line with the government focus on millets, Nestle India is creating a differentiated food portfolio across brands that promotes millet as a more sustainable food option, through partnerships and product innovations. As a part of this initiative, Nestlé India has launched Nestlé a+ Masala Millet that contains bajra and can be eaten as a light meal at any time of the day. Available in two lip smacking variants, Tangy Tomato and Veggie Masala, Nestlé a+ Masala Millet comes in a multi-serve pack priced at Rs. 175 for 240 gm and a single-serve pack priced at Rs. 30 for 40 gm. The product is high in fibre, with 30% less calories and free from added preservatives. It has been developed under the guidance of IIMR (Indian Institute of Millets Research). Nestlé India has already launched Nestlé CEREGROW Grain Selection with ragi, Nestlé MILO Cocoa Malt with bajra and Nestlé KOKO KRUNCH Millet-Jowar breakfast cereals. Nestlé R&D Centre India, Manesar (a subsidiary of Nestlé S.A and a part of Nestlés global R&D network) signed an MOU with Nutrihub-IIMR with an aim to collaborate in areas such as millet processing, health and nutrition benefits, millet sustainable regenerative agriculture practices and start-up collaborations. 

Nestlé India launches Nestlé a+ Masala Millet 

Dabur is one of many traditional brands that is looking for a slice of the D2C market. Analysts say that even big brands will eventually need unique products and the ability to stay in this market segment over the long term.

D2C surge: Traditional brands pivot for next-gen wallet share

KR Choksey recommended accumulate rating on Nestle India with a target price of Rs 24,300 in its research report dated August 08 2023.

Accumulate Nestle India; target of Rs 24,300: KR Choksey

Prabhudas Lilladher recommended accumulate rating on Nestle India with a target price of Rs 23,585 in its research report dated July 27, 2023.

Accumulate Nestle India; target of Rs 23,585: Prabhudas Lilladher

Motilal Oswal recommended Neutral rating on Nestlé India with a target price of Rs 22,465 in its research report dated July 27, 2023.

Neutral Nestlé India; target of Rs 22,465 : Motilal Oswal

Sharekhan recommended Hold rating on Nestle India with a target price of Rs 24,650 in its research report dated July 27, 2023.

Hold Nestle India; target of Rs 24,650: Sharekhan

Nestle Standalone June 2023 Net Sales at Rs 4,658.53 crore, up 15.41% Y-o-Y

Nestle India's beverage portfolio reported a double-digit growth which was carried by greater household penetration in Nescafe Classic, Nescafe Sunrise, and Nescafe Gold. The milk and milk products portfolio also registered double-digit growth despite high inflation in milk

Nestle gains on double-digit growth in all categories in Q1, brokerage views mixed

Nestlé India Ltd. engages in the manufacture and sale of food products. The firm offers beverages; breakfast cereals; chocolates and confectionery; dairy; nutrition; foods; vending and food services; imports; exports; and Nestle ad campaigns brands. It operates through the India and Outside India geographical segments. The company was founded in 1912 and is headquartered in Gurgaon, India.

Watchers	184
52-Wk Low	17,880.00
52-Wk High	23,395.35

Market Cap	2.17T
Volume (M)	45,229.00
52-Wk High	23,395.35
52-Wk Low	17,880.00

NESTLEIND.NSE Nestle India Ltd.

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