Nomura forecasts India consumer staples Q2 sales growth of 13.8% y/y; Nestle India tipped to lead

Nomura expects Indian consumer staples companies’ Q2 sales to rise 13.8% y/y, with stable volume growth q/q and higher pricing-driven growth; Nifty FMCG was up 0.1% and broader consumption index down 0.2% on Wednesday.