Nestle India readies to scale up

REVENUE GROWTH TO FURTHER ACCELERATE TO 13% IN SECOND HALF

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NESTLE INDIA REPORTED strong secondquarter results, with sales rising 11% yearon-year and Ebitda increasing 6%, surpassing market expectations despite a challenging and disrupted quarter. Gross margins slipped to 54.3% from 55.2% in the previous quarter, marking a 230-basis-point decline from last year due to persistently high raw material costs. Ebitda margins stood at 21.9%, down 97 bps yo-y but improving 32 bps sequentially, reflecting effective control over operating expenses. The quarter was impacted by GST rate reductions, which affected near