Nestle India Logs Below Estimates Q4 Numbers: IDBI Capital
The Nestle logo sits on packets of white sugar. (Photographer: Stefan Wermuth/Bloomberg)

Nestle India Logs Below Estimates Q4 Numbers: IDBI Capital

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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 Q4 CY20 result was below our estimates.

Domestic business continued double digit growth momentum however, revenue from export declined due to lower coffee exports.

Key brands like Maggi noodles, Kitkat and Nescafe continued to record strong revenue growth.

Business recovery for out-of-home-consumption products improved sequentially but continues to remain below pre-Covid-19 levels.

Deflationary raw material environment supports gross margin expansion for second consecutive quarter.

Click on the attachment to read the full report:

IDBI Capital Nestle India Q4CY20 Result Update.pdf

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