Nestle Q1 In Line With Estimates: Should Investors Buy, Sell Or Hold?

Brokerage firms remain mixed on Nestle India after the FMCG major reported a 9.25 percent rise in profit to Rs 463.28 crore for the first quarter ended on March 31, 2019, but high commodity prices impacted margins.

The company, which follows a January-December financial year, had posted a profit of Rs 424.03 crore in the same period a year ago.

Nestle also announced plans to launch organic food products in the category “milk products and nutrition” in the coming months.

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