Edelweiss' research report on Nestle
This coupled with Nestle India’s growth-focused approach to regain lost ground in categories like coffee and ketchup is positive. Likely entry in 5 new categories—Nespresso (coffee machine), Dolce Gusto (coffee capsule system), pet care, healthcare and skincare—will also be keenly watched.
Outlook
We estimate 17% EPS CAGR over CY16-18. At CMP, the stock is trading at 49.4x CY17E and 38.1x CY18E. We maintain ‘HOLD/SP’ with target price of INR 7,276.
For all recommendations, click here
Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
