Nestlé vs ITC vs Britannia vs Marico: Nestlé India, Britannia Industries, ITC and Marico are set to announce their second-quarter results for FY27 in the coming weeks. The FMCG sector is expected to report stronger topline growth in Q2, although growth could moderate somewhat amid margin pressures.
ITC may report a year-on-year decline in earnings, while Nestlé India and Marico are expected to maintain healthy earnings momentum. Britannia, meanwhile, could benefit from a favourable base effect, supporting an improvement in its performance, according to a report by HDFC Securities.
Sustained headwinds led growth moderation, alongside margin strain, could stress FY27 earnings, as per the report.
Nestle’s robust execution is likely to help the FMCG to deliver healthy earnings. The company’s revenue for the quarter is likely to surge 21% on an annual basis and around 7% on a sequential basis.
“We see domestic revenue growth at 20%, with volume growth at ~10%. Real internal growth is likely to be ~14% with 4% mix driven growth. We see domestic price growth to be at~6% for Q2. For international we see another quarter of healthy growth of 35% YoY,” noted the brokerage in its report.