Nestle Q1: Input cost rise, Sri Lanka crisis could hit profit, say analysts

Analysts expect the maggi maker to report muted profit in the March quarter 2022 due to sluggish rural demand sentiment and input cost inflation.

Nestle Q1 preview: Analysts expect FMCG giant Nestle India to report muted profits for March quarter due to subdued domestic demand and commodity cost inflation. The company had posted a 1 per cent year-on-year (YoY) decline in its profit at Rs 587 crore in the December quarter. The company is slated to report its earnings on Thursday, April 21, and follows January-December financial year.

As the ongoing war between Russia and Ukraine exacerbated prices of wheat, edible oil, and crude, Nestle India hiked prices of Maggi noodles, tea, coffee, and milk products in a bid to offset margin pressure. Given