Q3CY21 Result Update - Nestle India - ICICI Direct

Nestlé India reported Q3FY21 results.

• Sales were up 9.6% YoY with strong traction in core brands
• EBITDA was at Rs. 948.5 crore, up 7.3% YoY, with margins at 24.4%
• Consequent PAT was at Rs. 617.9 crore (up 5.2% YoY)

Key triggers for future price performance

• The company is undertaking a capex of Rs. 2600 crore in the next three to four years to expand the capacity of its existing products
• NIL is increasing its rural footprint from 0.9 lakh villages to 1.2 lakh villages in the next four years
• With the reduction in Covid-19 cases & vaccination drive, urban demand is likely to pick up. The product portfolio of NIL is urban centric
• Commissioning of Sanand facility would aid revenue growth in core brands given packaged foods saw high demand in the last 18 months

For details, click on the link below: Link to the report

Shares of Nestle India Limited was last trading in BSE at Rs. 19009.95 as compared to the previous close of Rs. 19247.15. The total number of shares traded during the day was 2928 in over 1568 trades.

The stock hit an intraday high of Rs. 19445.00 and intraday low of 18850.00. The net turnover during the day was Rs. 55852268.00.

Source : Equity Bulls

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NestleIndia INE239A01016 NESTLEIND ICICIDirect Q3CY21 ResultUpdate