Target: Rs 3,237
Upside: 24.5%
Upside: 24.5%
FMCG companies have been grappling with a rural slowdown for several quarters, significantly affecting their overall volume growth. However, rural growth is poised for a rebound in the upcoming quarters due to favorable monsoons, increased government spending, and an uptick in urban remittances, all of which are expected to bolster rural recovery. This, coupled with Nestlé’s endeavor to expand in rural areas, will further benefit the company in delivering market-leading growth.
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