Nestle India - 1QFY2014 Result Review - Angel Broking

Nestle India posted a 11.4% yoy growth in net sales to Rs. 2,213cr, which was in-line with estimates aided by better realizations and higher volumes in certain product categories. OPM stood flat at 21.6%. Depreciation costs rose on account of addition of new capacity and amortization of capitalized borrowing costs. Bottom-line rose by 10.3% yoy to Rs. 271cr.

We maintain a neutral rating on the stock.

Source : Equity Bulls

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