--- title: "雀巢印度第四季度業績預覽：收入可能增長 13-18%，但利潤率可能下降" type: "News" locale: "zh-HK" url: "https://longbridge.com/zh-HK/news/283119135.md" description: "雀巢印度預計在 2026 財年第四季度報告收入增長 13-18%，主要受單數字國內銷量擴張的推動。然而，由於原材料成本上升和地緣政治不確定性，利潤率可能面臨壓力。董事會將在 4 月 21 日召開會議，批准財務報表並考慮 2026 財年的最終股息。各大券商對收入增長的預測各不相同，Systematix 預測為 6259 億印度盧比，Axis Securities 為 6445 億印度盧比，Nirmal Bang 為 5950 億印度盧比。預計運營利潤率同比將收縮，但由於原材料通脹趨勢，環比可能會改善" datetime: "2026-04-17T01:06:10.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/283119135.md) - [en](https://longbridge.com/en/news/283119135.md) - [zh-HK](https://longbridge.com/zh-HK/news/283119135.md) --- # 雀巢印度第四季度業績預覽：收入可能增長 13-18%，但利潤率可能下降 **Nestle India Q4 results preview:** Nestle India is expected to deliver mid-to-high teens revenue growth in Q4FY26, supported by single-digit domestic volume expansion, said brokerages. However, rising crude-linked input costs and geopolitical uncertainties in West Asia are expected to keep margins under pressure, with the full impact likely to be reflected in Q1FY27. **Nestle India Q4FY26 result date, dividend announcement** As per the schedule announced by Nestle India, a board meeting will be held on April 21 (Tuesday) to approve the financial statements for the quarter and the financial year ended March 31, 2026. The board will also consider recommending a final dividend for FY26. **Nestle India Q4 preview: Systematix Research** According to Systematix Research, Nestle India could report a volume growth of 9 per cent Y-o-Y and 5 per cent price/mix growth in the March 2026 quarter. Maggi, coffee, and chocolates are likely to see double-digit growth, while infant nutrition may see a lag. The operating margins may see some pressure on a Y-o-Y basis, but improve Q-o-Q with benign raw material inflation in agri-commodities. The advertisement and distribution costs of the company may remain elevated. As per Systematix, Nestle India's revenue in the quarter under preview is seen rising by 13.7 per cent Y-o-Y and 10.5 per cent Q-o-Q to ₹6,259 crore. Ebitda is pegged at ₹1,485 crore, up 6.9 per cent Y-o-Y and 23.5 per cent Q-o-Q. Ebitda margin is seen contracting by 151 bps Y-o-Y to 23.7 per cent. Sequentially, the margin is seen expanding by 251 bps. The company's profit after (PAT) in the March quarter is estimated at ₹932.8 crore, up 6.8 per cent Y-o-Y and 27.5 per cent Q-o-Q, the brokerage said. **ALSO READ: Angel One shares gain 8% on healthy Q4 show; |** **ICICI Bank Q4 results preview** **Nestle India Q4 preview: Axis Securities** As per Axis Securities estimates, within the FMCG space, Nestle India is expected to outperform peers, supported by strong brand equity, efficient distribution networks, disciplined cost management, and relatively lower exposure to geopolitical disruptions. Nestle India's revenue is expected to grow at 18.3 per cent Y-o-Y to ₹6,445 crore, led by strong volume growth, as per the brokerage. Ebitda margin may decline by 43 bps Y-o-Y to 25.1 per cent due to high inflation in coffee and unfavourable product mix. Profit is estimated to grow by 18.4 per cent on an annual basis to ₹1,048 crore, said Axis Securities. Key monitorables, it said, include demand outlook across rural vs urban markets, competitive intensity, and raw material trends. **Nestle India Q4 preview: Nirmal Bang** Nirmal Bang expects Nestle India to deliver revenue growth of 8.1 per cent Y-o-Y (up 5 per cent Q-o-Q) ₹5,950 crore, supported by volume growth of 2.6 per cent Y-o-Y (6-year CAGR: 5.3 per cent). The brokerage expects gross margin to decline by 30bps Y-o-Y (up 20bps Q-o-Q). Ebitda margin is expected to contract by 250bps Y-o-Y and expand by 150bps Q-o-Q to 22.7 per cent. Absolute Ebitda is estimated to fall by 2.8 per cent Y-o-Y (up 12.3 per cent Q-o-Q) to ₹1,350 crore, while profit after tax is likely to slip by 5 per cent Y-o-Y (down 4.9 per cent Q-o-Q) to ₹841 crore. **ALSO READ: HDFC Bank Q4 results preview: Profit may rise up to 9% YoY; NII seen steady** **Nestle India Q4 preview: Mirae Asset Sharekhan** Mirae Asset Sharekhan, Nestle India's net sales could increase by 14.3 per cent Y-o-Y to ₹6,288 crore in the fourth quarter, while adjusted PAT is seen surging by 12.5 per cent to ₹996 crore. The operating margin is projected to contract by 78 bps to 24.5 per cent. ### 相關股票 - [NSRGF.US](https://longbridge.com/zh-HK/quote/NSRGF.US.md) - [NSRGY.US](https://longbridge.com/zh-HK/quote/NSRGY.US.md) - [IBN.US](https://longbridge.com/zh-HK/quote/IBN.US.md) - [HDB.US](https://longbridge.com/zh-HK/quote/HDB.US.md) ## 相關資訊與研究 - [「咖啡界 Apple」Blue Bottle 標榜只售 48 小時內新鮮烘焙｜財經‧延伸閲讀](https://longbridge.com/zh-HK/news/283909654.md) - [雀巢確認藍瓶咖啡將售予瑞幸股東大鉦資本](https://longbridge.com/zh-HK/news/283773456.md) - [藍瓶咖啡之後，雀巢還要賣了它](https://longbridge.com/zh-HK/news/283968753.md) - [全球市場情緒受地緣政治影響，科技股成為投資新焦點](https://longbridge.com/zh-HK/news/284822764.md) - [中東衝突擾亂關鍵原材料供應 PCB 單月加價 40% 科企雪上加霜](https://longbridge.com/zh-HK/news/284167346.md)