Moneycontrol PRO

Nestle India: Double-digit sales growth continues amid margin pressure

Investment in capex by Nestle will lead to higher growth in the medium to long term

July 29, 2021 / 04:54 PM IST
Nestle India: Double-digit sales growth continues amid margin pressure

PRO Only Highlights
Quarterly performance largely backed by improved realisations
Medium-term triggers China plus and protectionist measures for tyre industry
Valuations not inexpensive; but improved medium-term outlook

Nestle India’s (CMP: Rs 18,013; Market Capitalisation: Rs 1,73,670 crore) June quarter results were broadly in line with expectations. We expect higher prices of oil and packaging materials to impact gross margins in the near term. June 2021 quarter results Sales revenue grew by 13.8 per cent year on year (YoY) on the back of domestic sales growth of 13.7 per cent and export sales growth of 18 per cent. Domestic and export sales achieved double-digit growth, largely driven by volumes...

  • PRO Panorama

    Moneycontrol Pro Panorama | Taxpayers feel unloved, here's another instance why

    Aug 12, 2022 / 06:11 PM IST

    In today’s edition of Moneycontrol Pro Panorama: Weekly Tactical, IPO Street, the rain dance, Zomato’s name change and more

    Read Now
  • PRO Weekender

    Moneycontrol Pro Weekender | Shaktikanta Das refuses to pivot 

    Aug 6, 2022 / 10:21 AM IST

    A look at the current macro readings is enough for the RBI governor not to budge and dilute his ‘withdrawal of accommodation’ stance

    Read Now

To read the full story, Subscribe to Moneycontrol PRO

Access the exclusive stories, weekly investment ideas and daily technical calls in an Ad free experience

Already a member? Sign in

Limited Period offer on Moneycontrol PRO. Subscribe to PRO and get up to

50% OFF

What Do You Get

  • Ad free experience

    Experience a non-intrusive navigation and faster response in the ad free mode

  • Sharpest Opinions

    Access to 230+ exclusive stories per month from our editorial and Experts

  • +

    Have a Global edge with access to content from world renowned experts and journalist

  • Actionable Insights

    Access to 40+ weekly investment ideas including 4 daily technical calls

  • Virtual Events

    Exclusive access to live webinars from market experts on trading and investment strategies

  • Newsletters

    Daily and weekly insights bundled and sent to your inbox to keep you ahead in the race.

Get upto 50% discount on limited period offers