Nestle’s highest revenue growth in the decade surprises Street. Should you buy, sell or hold?
NEW DELHI: Driven by a healthy balance of volume and pricing mix, food major Nestle India impressed analysts by posting a 21% year-on-year (YoY) revenue growth in the March quarter, its highest in the last 10 years. With prices of key commodities remaining elevated, Nestle’s gross margins, however, dipped by 150 bps YoY to 53.8%. … Read more