BQ Blue's special research section collates quality and in-depth equity and economy research reports from across India's top brokerages, asset managers and research agencies. These reports offer BloombergQuint's subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Motilal Oswal Report
Nestle India Ltd. reported sales in line with our estimates. Growth of 9.6% in Q3 2021 on a base of 10.1% in Q3 2020 indicates a healthy demand trend.
In a welcome new disclosure, Nestle's quarterly press release now has commentary on segmental growth, and growth for the quarter seems to be broad based across the four key segments.
On a high Ebitda margin base, operating profit and profit after tax growth came in tepid at 5.9% and 3.2%, respectively, especially as material cost inflation led to the lowest gross margin in 17 quarters in Q3 2021.
The press release indicated commodity costs pressures are likely to persist.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
