Quarter eclipsed by Maggi; Valuations in fair zone value Nestle India reported revenue of Rs17.4bn for the quarter ended Sep'15, a fall of 32% compared to same period last year. EBITDA and net profit came in at Rs2.9bn and Rs1.2bn, respectively, which were lower by 32% and 51%, respectively. While Maggi has been raison d'tre for the disappointing performance, we believe that excluding Maggi fiasco too, the quarter has been impacted due to overall sluggish macro environment. We expect Maggi to make a comeback over the next two years to reach its earlier revenue level. Based on expected EPS of Rs166.4, the stock is trading...