ADVERTISEMENT

Nestle India Q2 Review - Growth Momentum To Continue: Prabhudas Lilladher

Nestle India Q2 Review - Growth Momentum To Continue: Prabhudas Lilladher

Nestle India Ltd. KitKat chocolate bars at a store in Mumbai, India. (Photographer: Dhiraj Singh/Bloomberg)
Nestle India Ltd. KitKat chocolate bars at a store in Mumbai, India. (Photographer: Dhiraj Singh/Bloomberg)

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. 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.

Click on the attachment to read the full report:

Prabhudas Lilladher Nestle India Q2CY21 Result Update.pdf

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 author entity 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.