Nestle India - Q1CY13 Result First Cut - Microsec

Nestle India announced its Q1 CY13 results on 13May 2013. The company's Net Sales increased by 10% YOY to 2255 crore and its EBITDA increased by 17% YOY to INR528 crore. EBITDA Margin of the company increased from 22.0% to 23.4% YOY. Adjusted PAT of the company increased by 9% YOY to INR300 crore due to rise in depreciation charges on back of capex incurred. PAT incl EO increased by 1% to INR279 crore.

At the CMP of INR4848, the stock discounts its CY13E of INR122 by 39.7x . We remain Neutral to the stock.

Source : Equity Bulls

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