Nestle India Q1 Review - Growth Momentum To Continue: Prabhudas Lilladher
Signage for Nestle is displayed outside the company’s factory. (Photographer Veejay Villafranca/Bloomberg)

Nestle India Q1 Review - Growth Momentum To Continue: Prabhudas Lilladher

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.

Prabhudas Lilladher Report

Nestle India Ltd. posted a strong set of numbers backed by double digit growth across key brands and improving out of home demand.

Fresh set of lockdowns across the nation on account of increased Covid-19 cases will increase pantry stocking aiding volumes for key brands.

We believe the company’s decision to capitalize on rural growth by increasing village coverage by 33% using 30-40% of relevant products and launching rural centric products will result in strong long term growth given rural and semi-urban markets are growing at 2-2.5 times of urban.

The company will continue its innovation led growth strategy given high success rate of new products and expect to launch 40-50 new products.

Click on the attachment to read the full report:

Prabhudas Lilladher Nestle India Q1CY21 Result Review.pdf

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