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Nestle India Ltd. reported strong Q1CY24 results, beating estimates in revenue, EBITDA, and PAT, with a 9% YoY sales growth driven by domestic and export performance. The company maintains a positive outlook with a target price of Rs 2,880, reflecting a 12% upside from the current market price of Rs 2,562. New initiatives include the launch of Nespresso in India and a joint venture with Dr. Reddy

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