Nomura raises Nestle India price target

Nomura, a financial services company, has increased its price target for Nestle India to Rs 1,675 from Rs 1,500.

This decision comes after Nestle India reported very strong earnings for the first quarter of the fiscal year 2027.

The company's revenue grew by 25.2% compared to the previous year, driven by a 20% increase in volume and mix.

Nestle India is focusing on four key strategies: customer centricity, volume growth, brand reinvestment, and tech-enabled sales.

The company has also expanded its rural footprint to almost 216,000 villages and seen a significant increase in export revenues.

Despite potential inflationary pressures, Nomura forecasts an 18.5% annual EPS growth for Nestle India over the next few years.

The share price of Nestle India has risen by 18.5% over the last year.