Nestle India Q2 Review - Growth Momentum To Continue: Prabhudas Lilladher
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Prabhudas Lilladher Report
Nestle India Ltd. continued its resilient performance posting a double digit growth across key brands despite the second wave of Covid-19 which impacted mobility to a great extent.
Nestle’s continued focus on e-commerce resulted in 105% q-o-q growth and revenue contribution of 6.4%.
Hyperlocal channel also grew 147% during H1 CY21 resulting in lesser impact due to second wave.
The company’s decision to increase focus on rural growth by increasing village coverage by 33% through relevant/ 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 and are contributing ~20-22% of sales of Nestle.
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