Nestle India Ltd posts Q4CY20 PAT of Rs. 483.31 crore

NESTLE INDIA LTD. has reported financial results for the period ended December 31, 2020.

Financial Results (Q4 CY2020) - QoQ Comparison

The company has reported total income of Rs.3463.18 crores during the period ended December 31, 2020 as compared to Rs.3576.17 crores during the period ended September 30, 2020.

The company has posted net profit / (loss) of Rs.483.31 crores for the period ended December 31, 2020 as against net profit / (loss) of Rs.587.09 crores for the period ended September 30, 2020.

The company has reported EPS of Rs.50.12 for the period ended December 31, 2020 as compared to Rs.60.89 for the period ended September 30, 2020.

Financials	Q4 CY2020	Q3 CY2020	% Change
Total Income	₹ 3463.18 crs	₹ 3576.17 crs	-3.16%
Net Profit	₹ 483.31 crs	₹ 587.09 crs	-17.68%
EPS	₹ 50.12	₹ 60.89	-17.69%

Financial Results (Q4 CY2020) - YoY Comparison

The company has reported total income of Rs.3463.18 crores during the period ended December 31, 2020 as compared to Rs.3193.99 crores during the period ended December 31, 2019.

The company has posted net profit / (loss) of Rs.483.31 crores for the period ended December 31, 2020 as against net profit / (loss) of Rs.472.64 crores for the period ended December 31, 2019.

The company has reported EPS of Rs.50.12 for the period ended December 31, 2020 as compared to Rs.49.02 for the period ended December 31, 2019.

Financials	Q4 CY2020	Q4 CY2019	% Change
Total Income	₹ 3463.18 crs	₹ 3193.99 crs	8.43%
Net Profit	₹ 483.31 crs	₹ 472.64 crs	2.26%
EPS	₹ 50.12	₹ 49.02	2.24%

Financial Results (Year ended CY 2020) - YoY Comparison

The company has reported total income of Rs.13495.88 crores during the 12 months period ended December 31, 2020 as compared to Rs.12615.78 crores during the 12 months period ended December 31, 2019.

The company has posted net profit / (loss) of Rs.2082.43 crores for the 12 months period ended December 31, 2020 as against net profit / (loss) of Rs.1968.44 crores for the 12 months period ended December 31, 2019.

The company has reported EPS of Rs.215.98 for the 12 months period ended December 31, 2020 as compared to Rs.204.16 for the 12 months period ended December 31, 2019.

Financials	Year ended CY2020	Year ended CY2019	% Change
Total Income	₹ 13495.88 crs	₹ 12615.78 crs	6.98%
Net Profit	₹ 2082.43 crs	₹ 1968.44 crs	5.79%
EPS	₹ 215.98	₹204.16	5.79%

Commenting on the results, Mr. Suresh Narayanan, Chairman and Managing Director, Nestlé India said, "The year gone by has truly demonstrated the unwavering commitment to stay the course on our purpose and values. Our employees, partners, suppliers, stakeholders indeed our entire eco system went beyond the call of duty and made extraordinary efforts in an exceptionally challenging year. I will always remain grateful for their efforts and sacrifices in these unusual times and our results are tribute to their determination.

Under these circumstances, I am pleased to share that we delivered strong domestic sales growth. Nearly two thirds of our key brands like MAGGI Noodles, KITKAT and NESCAFÉ Classic posted double digit growth last year. This was backed by a step up in marketing spends, especially in the last quarter. Our innovation and renovation pipeline continued to be a thrust area across categories like Foods, Breakfast Cereals and Nestlé Health Sciences. E-commerce continued to grow, surge ahead and now contributes 3.7% of domestic sales. We embraced the consumers digital journey with numerous innovative initiatives across brands and launched Ask Nestlé in Hindi.

As a Company, we built resilience in the milk suppliers and small businesses who deal with us by ensuring timely payments and in some cases buying beyond our needs. We had a number of initiatives, for the community, public health and the youth to help combat the COVID-19 pandemic.

After initial challenges due to the pandemic, the demand in Out of Home channels has continued to improve, sequentially over quarters and we remain confident of its recovery. Looking forward, protecting and preserving our planet is woven into the purpose of our organization, and at Nestlé India we have been accelerating our actions towards reducing greenhouse gas emissions across our value chain. Our ambition is to achieve 100% recyclable or reusable packaging by 2025. We are working towards shaping a waste-free future and driving new behaviour."

Shares of NESTLE INDIA LTD. was last trading in BSE at Rs.17222.45 as compared to the previous close of Rs. 17484.5. The total number of shares traded during the day was 7901 in over 2887 trades.

The stock hit an intraday high of Rs. 17634.6 and intraday low of 17141.25. The net turnover during the day was Rs. 136577962.

Source : Equity Bulls

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