Highlights - Double-digit domestic sales growth - EBITDA margin improved although commodity prices were higher - Valuation premium likely to sustain, due to a strong balance sheet and cash conversion cycle Nestle’s (CMP:Rs 16,356 MKT Cap: Rs 157,702 crore) domestic show in its latest quarterly results was ahead of its peers. Steady growth, even in a challenging demand environment, was aided by new launches, aggressive marketing spend and distribution expansion. Its current performance is an extension of its transformation, after the food safety crisis faced by its...
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