Nestle India - Q1CY2013 Result Review - Angel Broking

Nestle India posted a 9.8% yoy growth in net sales to Rs. 2,248cr, which was in-line with estimates aided by better realizations and superior product mix. OPM rose by 200bp yoy to 23.7% aided by better realization which offset the increase in input costs. Depreciation and Interest costs rose on account of addition of new capacity and increase in outstanding loans. Bottom-line remained flat at Rs. 279cr.

We maintain a neutral rating on the stock.

Source : Equity Bulls

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