I-Sec maintains Hold on Nestle India, raises target price to Rs 2,350 Jobbery Stock Market update New

ICICI Securities has reiterated its ‘Hold’ rating for Nestle India, adjusting the target price to Rs 2,350. The brokerage projects a revenue CAGR of 11% and PAT CAGR of 17% over FY25-26E. While demand recovery poses an upside risk, rising raw material costs present a downside risk to the company’s performance.