Nestle India: Why this stock should continue to find takers
Key thing to watch for Nestle India is the success in innovative product launches
February 17, 2021 / 09:33 AM IST
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
The December 2020 quarter results of Nestle India (CMP: Rs 17,222; Market capitalisation: Rs 1,66,052 crore) was marginally below Street expectations. Nearly two-thirds of its key products, boosted by in-home consumption, posted double-digit growth. Innovation and renovation of products pipelines continued to be the thrust area. Demand in the out-of-home channel improved quarter on quarter, while it continued to be lower year on year due to lesser mobility.
December quarter results
Total sales and domestic sales for the December 2020 quarter...