Moneycontrol PRO

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 India: Why this stock should continue to find takers

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...

  • PRO Panorama

    Moneycontrol Pro Panorama | Mr Market stares at a treacherous terrain

    Dec 6, 2021 / 02:07 PM IST

    Dear Reader,The Panorama newsletter is sent to Moneycontrol Pro subscribers on market days. It offers eas...

    Read Now
  • PRO Weekender

    Moneycontrol Pro Weekender | Transitory is history

    Dec 4, 2021 / 10:09 AM IST

    As inflation remains persistently high, the Fed looks to double down on the taper despite the emergence of Omicron

    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