Nestle India shares plunged nearly 6% despite the FMCG giant reporting strong Q2 earnings and beating Street estimates across key parameters.
Net profit surged 36.4% year-on-year to ₹1,027 crore, while revenue rose 20.3% to ₹6,788 crore. EBITDA jumped 31% to ₹1,615 crore, with margins expanding to 23.8% from 21.8% a year ago.
So why did Nestle India shares tumble despite better-than-expected results? Are valuation concerns, growth expectations or other factors weighing on investor sentiment? We break down the Q2 numbers, the sharp stock market reaction and what investors should watch next.
#NestleIndia #NestleSharePrice #NestleQ2Results #StockMarket #FMCG #QuarterlyResults #Earnings #ShareMarket #BusinessNews #NDTVProfit
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