Nestle India Q3: Analysts Divided on Share Price Upside Amid High Valuations

• Nestle India's Q3 results show strong 19% top-line growth, volume-led, but analysts have mixed views on future share price.
• Jefferies and CLSA maintain 'hold' ratings with target prices near current levels, citing high valuations.
• Nomura gives a 'buy' rating, projecting an 8.8% upside with a target price of ₹1,450 per share.
• Despite strong sales, Gross Margins contracted due to input costs, though increased brand investments are positive.
• Nestle India's stock trades at 60 times its FY28 earnings per share, indicating high valuation concerns.

Why It Matters: Analysts are divided on Nestle India's share price future due to strong Q3 results but high valuations.