Nestle India Q1 Review - Double Digit Growth Continues In Domestic Market: Dolat Capital 
A bird’s nest logo sits on display at the Nestle SA headquarters in Vevey, Switzerland. (Photographer: Stefan Wermuth/Bloomberg)

Nestle India Q1 Review - Double Digit Growth Continues In Domestic Market: Dolat Capital 

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Dolat Capital Report

Nestle India Ltd.’s Q1 CY21 revenues and adjusted profit after tax came in line with our estimates. Domestic business posted 10.2% growth driven by volume and mix.

In-house consumption brands witnessed double digit growth – supported by improved supply situation. Out of home categories continues to report sequential improvement.

E-commerce business (3.8% contribution) witnessed strong acceleration with 66% growth. Exports decreased 12.9% YoY.

Considering niche play and unique positioning in multiple categories, we believe that the stock would continue to command higher premium compared to peers.

Click on the attachment to read the full report:

Dolat Capital Nestle India Q1CY21 Result Update.pdf

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