Nomura tips 10.4% Q1FY27 revenue growth for staples; Nestle to lead at 20%+, HUL near 10%
Third straight double-digit quarter for Indian consumer staples, but the story is still price hikes over volumes. Nestle India seen extending Q4FY26's 22.6% momentum; HUL steady near 10%. Volume recovery and margin trajectory remain the key watchpoints against an 8-quarter average of 7.8%.
Nomura expects Indian consumer staples to post 10.4% YoY revenue growth in Q1FY27, third straight double-digit quarter, driven mainly by price hikes. Nestle India to lead at 20%+, HUL around 10%; volume trends and margins under watch.