Dolat Capital: Nestle India Q3 Review - Strong Growth Adds Flavour  

Dolat Capital: Nestle India Q3 Review - Strong Growth Adds Flavour

Packets of Maggi 2-Minute Noodles, manufactured by Nestle India Ltd., sit alongside other food products. (Photographer: Dhiraj Singh/Bloomberg)

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.

Dolat Capital Report

Nestle India Ltd.’s Q3 CY20 results beat our estimates on all counts with 10% volume and mix growth in the domestic market.

In-house consumption brands witnessed double digit growth – supported by improved supply situation.

However, out of home categories continues to remain impacted due to pandemic fears.

E-commerce business (4% contribution) witnessed strong acceleration with 97% growth. Exports increased 9.4% YoY.

Click on the attachment to read the full report:

Dolat Capital Nestle India Q3CY20 Result Update.pdf
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