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Nestle India: Higher penetration in rural and semi urban markets will provide the next leg of growth

Investors need to monitor the success of new products launches of Nestle India

March 01, 2021 / 11:01 AM IST
Nestle India: Higher penetration in rural and semi urban markets will provide the next leg of growth

Nestle products (Image: Reuters)

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 (CMP: Rs 16,098; Market capitalisation: Rs 1,55,207 crore), which has over 40 new products in the pipeline, is likely to continue with its thrust on launching more items as it had been doing over the last five years. This is the impression we got at the analyst meet held on Friday, 26th February, which makes us positive about the company. Key highlights In CY20, net sales growth was 7.9 per cent, with volume and mix growth of 5.7 per cent. Home consumption, which grew...

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