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Nestle: Strong cash flows help it combat headwinds

Investors should take comfort from the fact that Nestle has continued to focus on innovation and has launched 71 new products since 2016

July 29, 2020 / 10:15 AM IST
Nestle: Strong cash flows help it combat headwinds

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

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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