Here are some other things to expect from Nestle India's quarterly earnings:
Analysts polled by NDTV expect Nestle India to report a 30 per cent year-on-year increase in profit after tax or PAT at Rs 238 crore over total sales of Rs 2,148 crore in the quarter that ended on December 31, 2016. The company had logged a net profit of Rs 183 crore over total sales of Rs 1,791 crore for the corresponding period a year ago. The expected sales of Rs 2,148 crore will be 20 per cent higher compared with the year-ago period.
EBITDA or earnings before interest, tax, depreciation and amortization is seen at Rs 398 crore. This is almost 13 per cent higher compared with 353 crore posted by the FMCG firm in the previous year.
Motilal Oswal had in December last year released a report on the impact of notes ban on corporate earnings. Terming the demonetisation move a "near-term blip" for the consumer and retail sector, the domestic brokerage had said companies such as Nestle India are expected to have a limited impact on their earnings. "Nestle, Britannia, ITC and Emami are unlikely to be significantly impacted beyond the next 2-3 quarters," it said.
At 1:08 pm, shares in Nestle India were trading 0.72 per cent lower at Rs 6,165.30 apiece on the National Stock Exchange or NSE, whose benchmark Nifty index was down 0.8 per cent.