Q3 results today: Meesho, Nestle among 158 companies to report earnings on Friday

The December quarter earnings season continues on Friday with as many as 158 companies set to announce their Q3 results. Key results to watch out for include NTPC, Meesho, Bajaj Auto, Nestle, Power Grid, Bank of Baroda, Ambuja Cements and Tata Investment.

What to expect from Nestle Q3 results

FMCG major Nestle India is expected to report a steady Q3 performance with brokerages forecasting around 10%–11% year-on-year revenue growth driven by strong domestic volumes of about 6–7%. However, profitability is likely to remain under pressure amid higher input costs.

While the profit after tax (PAT) is expected to grow at 2.5%-6.5% YoY in the range of Rs 713 crore to Rs 740 crore, estimates revealed it may go down in single digits on a sequential basis.

The estimates of YES Securities, Elara Capital, Deven Choksey Research and JM Financial have been taken into account.

The management’s focus is likely to stay on volume-led expansion, innovation and brand investments keeping the longer-term growth narrative intact.The Street will keep track of management’s commentary on commodity price outlook.YES Securities expects PAT at Rs 713 crore, up 2.4% YoY, reflecting steady operating performance despite margin pressure. Elara Capital, meanwhile, sees PAT at Rs 740 crore, up 6.5% YoY but down 1.6% QoQ, indicating seasonal moderation post the festive quarter.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)