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    HomeNewsBusinessEarningsNestle India: Q2 cheers with an eye on margin expansion

    Nestle India: Q2 cheers with an eye on margin expansion

    Nestle is well placed to expand its margins, given the categories where it is present. With commodity prices softening, sequential improvement can be expected from the December 2022 quarter

    Nandish Shah
    October 20, 2022 / 09:33 IST
    Nestle India | CMP: Rs 19,800 | The stock price added over 2 percent after the company reported a 8.3 percent rise in post-tax profit at Rs 668 crore for the quarter ended September 2022 as against Rs 617 crore a year back. Sequentially, the profit is 29.7 percent higher from Rs 515 crore recorded in June quarter this year. Revenue came in higher at Rs 4,591 crore for the quarter, an increase of 18.3 percent over Rs 3,882 crore same time last year. Sequentially, the revenue is higher by 13.7 percent from Rs 4,036 crore.
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    This Research Report / Research Recommendation has been published by Moneycontrol Dot Com India Limited (hereinafter referred to as “MCD”) which is a registered Investment Advisor under the Securities and Exchange Board of India (Investment Advisers) ...Read More