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Nestle has outperformed FMCG companies this quarter also: Preeyam Tolia
Preeyam Tolia of Axis Securities, says Nestle's Q3 results meet expectations with slight misses. Nestle has strong overall performance, outperforming other FMCG companies. Expect mid-single digit volume growth. Coffee prices are volatile but other raw materials like palm oil and milk prices are stable, minimal impact on overall margins. Nestle's basket of raw materials remains stable.