Nestle India: Higher growth rates imperative to sustain high valuation
Nestlé India had a weak April-June quarter (Q1) of FY25 with meagre 3.3 per cent year-on-year (Y-o-Y) revenue growth, well below the long-term average of 14 per cent. The Gross Margin expanded 280 basis points (bps) Y-o-Y to 57.6 per cent but raw material …