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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

    Nandish Shah
    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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