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.
IDBI Capital Report
Nestle India Ltd.’s Q3 CY20 result was above our estimates.
Revenue came back to strong double digit growth at 10% YoY (versus 2% in Q2 CY20) driven by rise in at-home consumption.
Out-of-home consumption also picks-up but remain below pre-Covid-19 levels.
Operating profit margins improved led by deflationary raw material and cost rationalization.
Positively, the company has turned aggressive as the management guides for Rs 26 billion capex (equivalent to total capex done over last eight to nine years).
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 brokerage 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.
As a Subscriber you get
Stories
RECOMMENDED FOR YOU
POPULAR