0629 GMT - Market focus is likely to be on Nestle India's new leadership and strategy, says Nomura's Mihir P. Shah in a research report, as the brokerage maintains its buy rating on the stock. The fast-moving consumer goods company has appointed Manish Tiwary as new managing director for five years, effective Aug. 1, with investors likely to watch for the company's next strategy briefing, the analyst says. Nestle India's 4Q FY 2025 earnings showed in-line performance but little improvement in sales volumes and urban growth, the analyst notes. Nomura cuts its FY 2026-2027 EPS estimates for Nestle India by 6%-8% to partly reflect prolonged softness in volume growth. It lowers the stock's target price to INR2,680.00 from INR2,825.00. Shares are 1.5% lower at INR2,398.00. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
April 25, 2025 02:29 ET (06:29 GMT)
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