Nestle India Q4 Review - Long-Term Prospects Remain Encouraging: Motilal Oswal
A shop assistant arranges packets of Maggi 2-Minute Noodles and Xtra-delicious Magical Masala, both manufactured by Nestle India Ltd., at a general store in Mumbai, India (Photographer Vivek Prakash/Bloomberg)

Nestle India Q4 Review - Long-Term Prospects Remain Encouraging: Motilal Oswal

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.

Motilal Oswal Report

Nestle India Ltd.’s Q4 2020 sales were in line with our expectations.

Given the disappointments in the December 2020 quarter results of peers with high in-home consumption, the company’s 10.1% domestic sales growth was healthy.

This means that barring the Covid-19-led lockdown affected earnings in the June-20 quarter, domestic sales growth has been healthy for the rest of CY20.

While gross profit was in line, there was a miss at the Ebitda and profit after tax level, largely attributed to higher marketing costs in Q4 CY20 (as per its press release).

Click on the attachment to read the full report:

Motilal Oswal Nestle India Q4CY20 Result Update.pdf

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