According to him, trend in agro commodities prices is clearly going upwards and would further exacerbate if the monsoon is not good as predicted earlier.
ICICI Direct is bullish on Nestlé India has recommended buy rating on the stock with a target price of Rs 12000 in its research report dated May 15, 2019.
Prabhudas Lilladher recommended accumulate rating on Nestle India with a target price of Rs 10742 in its research report dated May 14, 2019.
The total income in the quarter stood at Rs 3,076.14 crore. It was Rs 2,813.6 crore in the corresponding period last year, Nestle India said in a BSE filing.
Nestle also announced plans to launch organic food products in the category 'milk products and nutrition' in the coming months.
Net Sales are expected to increase by 12.9 percent Y-o-Y (up 7.5 percent Q-o-Q) to Rs. 3,113.9 crore, according to ICICI Direct.
The stock has corrected by around 10 percent from its 52-week high of 11,751 recorded on February 8
Royalty payments have been a bone of serious contention, enough to bring in regulatory intervention.
Nestle decides to keep its royalty constant at 4.5%. That will be a relief for investors who were fearing an increase. Its 2018 annual report shows that cash flows are rising and are healthy but working capital is showing some strain
Macquarie believes the company can outperform street expectations on revenue growth & margin expansion.
Prabhudas Lilladher recommended accumulate rating on Nestle India with a target price of Rs 11,059 in its research report dated February 14, 2019.
Most global brokerage firms remained positive on Nestle India but some slashed their EPS estimates as well as target price to build in higher marketing spends in the fourth coming quarters.
The company had posted a net profit of Rs 311.83 crore in the corresponding period of the previous fiscal, Nestle India said in a regulatory filing.
Net Sales are expected to increase by 15.6 percent Y-o-Y (up 2.3 percent Q-o-Q) to Rs. 3,007.5 crore, according to Prabhudas Lilladher.
In the latest twist, Nestle admitted to the presence of lead in the product - though 'within permissible limits' - before the Supreme Court.
A bench headed by Justice D Y Chandrachud said the report of CFTRI (Central Food Technological Research Institute, Mysuru), where the testing of the samples of Maggi were done, will form the basis for the proceedings.
With a coalition government, functioning cannot be as smooth as the market expects. If we get a coalition government in 2019, we can expect some correction
Data suggests that largecaps have been more stable, while volatility has been seen in the mid- and small-cap indices
Trends on SGX Nifty indicate a positive opening for the broader index in India, a rise of 34.5 points or 0.32 percent. Nifty futures were trading around 10,656-level on the Singaporean Exchange.
Despite India being the largest milk producer and consumer, 78 percent of the market is still unorganised and that explains ITC's foray.
ICICI Direct is bullish on Nestlé India has recommended buy rating on the stock with a target price of Rs 12000 in its research report dated October 29, 2018.
Prabhudas Lilladher recommended accumulate rating on Nestle India with a target price of Rs 11129 in its research report dated October 26, 2018.