Nestle India500790Fmcg, packaged foods
Brokerages cut estimates and gave mixed views on Nestle after Q2 results, citing rising inflation risk and base effect concerns
By ScoutQuest · · 1 min read
- Goldman Sachs target price
- 1475
- Previous Goldman Sachs target
- 1575
- Morgan Stanley target price
- 1538
- EPS cut FY27-29 (one brokerage)
- 4 to 5 percent
- Goldman Sachs EPS cut
- around 2 percent
Heard on business television between 09:47:57 - 09:50:57 IST.
- Analysts said the street was unhappy as a hunger base effect kicks in for Nestle and rising inflation poses a growing risk to rural demand.
- One brokerage cut EPS estimates by 4-5% between FY27-FY29 citing elevated valuations and margin risk.
- Goldman Sachs maintained neutral but cut price target to 1475 from 1575, citing growth moderation as GST rate cut base effect fades, and cut EPS estimates by about 2% for FY27-29.
- Morgan Stanley maintained equal weight with target price of 1538, saying Q2 was a beat with strong top-line growth, but flagged rising food inflation as a key challenge; believes the stock's reaction was overdone and could recover.
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Source: Live TV News Channel · 16 Oct 2026
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