Nestle India share price: Jefferies revises price target to Rs 18100
Nestle India continues to focus on growth as there is opportunity to expand the portfolio with >40 new launches in the pipeline. Nestle India is under-indexed in rural areas which offers growth headroom through distribution & SKU expansion. Ongoing capex signals the opportunity.
Input price inflation is visible but Nestle India enjoys pricing power, in Jefferies view. Quality & product safety are non-negotiable and that partially explains the restricted supplies during the peak of pandemic: Reuters