Moneycontrol Research Nandish Shah and Anubhav Sahu Highlights -Results marginally below the Street’s expectations -Manufacturing and supply chain back to pre-COVID levels - Ranks high on working capital management -Buy on declines, valuation continues to remain expensive Nestle India’s (CMP: Rs 17,099; Market capitalization: Rs 164,861 crore) results were marginally below the Street’s expectations. COVID-related lockdowns caused issues in the areas of manufacturing and supply chain leading to a delayed pick-up in reach. However, as per the latest update, Nestle is operating all its eight factories...
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