Q1 earnings preview: Here’s what Nomura expects from Nestle, Titan, other consumer majors’ June quarter results

Nomura expects consumer majors to deliver strong earnings growth in Q1 FY27, projecting double-digit volume growth of 17% YoY and 23% EBITDA growth for Nestle India, while Titan is seen posting jewellery sales growth of 38-40% YoY on Akshaya Tritiya momentum and gold price moderation of 18% from peak. Britannia is expected to see volume growth of 7.5% YoY and 12% EBITDA growth, Dabur 9% India sales growth and 11% EBITDA growth, and Colgate-Palmolive an 8.5% sales growth with margin pressure from an inverse duty structure of about 150 basis points. Marico's preview was cut off in the article.