22 Jul 2026 10:18:29 ET │ 17 pages Nestle India (NEST.BO) Ac t i o n | Beat-and-Raise Cycle Continues - Buy CITI'S TAKE Nestlé India delivered a third consecutive quarter of beat-and-raise performance, with revenue/EBITDA/PAT growing 25%/40%/49% YoY. The performance was volume-led (we estimate ~16% volume growth in 1QFY27) and broad-based, with all four segments delivering strong double-digit growth. We believe the growth trajectory is being driven by: (a) rural distribution expansion supporting category pe ...