Nestle to gain from a robust domestic market

Logo of Nestle is seen in Konolfingen

PETALING JAYA: Analysts have mixed views about Nestle (M) Bhd’s prospects amid rising input costs, higher commodity prices and increasing excise duty rate on sugary drinks under Budget 2024.

TA Research is cautiously optimistic on Nestle’s outlook for financial year 2024 (FY24), as it expects the fast moving consumer goods company’s earnings growth to be supported by robust domestic consumption.