External broker reports(aggregated public sources), Axis Direct

Axis Direct

External broker reports(aggregated public sources)

Axis Direct is the flagship brand under Axis Securities Limited, a subsidiary of Axis Bank in India. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

Equity Bottom-Up

<ul><li>Nestle delivered resilient all-round performance, driven by strong double-digit growth across all categories, primarily led by price growth.</li><li>Domestic revenue grew 14% YoY (tonnage volume declined 1% on account of price increase in price sensitive LUP packs), Exports grew ~18% YoY led by the continued expansion in new markets and channels.</li><li>Furthermore, the management reiterated its RURBAN strategy is fueling overall rural growth.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Nestle delivered resilient all-round performance, driven by strong double-digit growth across all categories, primarily led by price growth.Domestic revenue grew 14% YoY (tonnage volume declined 1% on account of price increase in price sensitive LUP packs), Exports grew ~18% YoY led by the continued expansion in new markets and channels.Furthermore, the management reiterated its RURBAN strategy is fueling overall rural growth.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Nestle India (Ltd) - Margin Surprise; MaintainBUY

External broker reports(aggregated public sources), Motilal Oswal Financial Services Limited

Motilal Oswal

Motilal Oswal Financial Services Limited

Motilal Oswal Financial Services Limited is an Indian diversified financial services firm offering a range of financial products and services. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

<ul><li>Nestlé India (NEST) delivered a slight beat on our sales estimates.</li><li>Sales growth was driven by double-digit YoY growth across segments, led by better volumes, mix and higher realizations.</li><li>While demand and sentiment remained strong in metros, it was robust across smaller towns and rural markets as well – an encouraging development.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Nestlé India (NEST) delivered a slight beat on our sales estimates.Sales growth was driven by double-digit YoY growth across segments, led by better volumes, mix and higher realizations.While demand and sentiment remained strong in metros, it was robust across smaller towns and rural markets as well – an encouraging development.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Nestlé India (NEST) - EBITDA In-Line; Fair Valuation Limits Upside

External broker reports(aggregated public sources), ICICI Securities Ltd

ICICI Securities Limited

ICICI Securities Ltd

ICICI Securities Limited provides investment services. The Company provides corporate and investment banking, securities, wealth management, retail brokerage, initial public offerings, and advisory services. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

<ul><li>Nestlé India (NIL) is the largest food company in India with over Rs 14000 crore of sales.</li><li>It is broadly present in infant &amp; baby food products, noodles, chocolates &amp; beverage categories.</li><li>In the last five years, the company has forayed into newer categories and launched more than 100 new products.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Nestlé India (NIL) is the largest food company in India with over Rs 14000 crore of sales.It is broadly present in infant &amp; baby food products, noodles, chocolates &amp; beverage categories.In the last five years, the company has forayed into newer categories and launched more than 100 new products.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Nestlé India (NIL) - Splendid Volume Growth; Margins to Recover in CY23

<ul><li>Nestle India (NEST) reported broad-based growth in Q3CY22 which stood in line with our estimates.</li><li>Total revenue grew ~18% YoY to Rs 4,567 Cr (~3% above our estimate of Rs 4,418 Cr in Q3CY22).</li><li>While domestic sales reported 18.3% YoY growth driven by double-digit growth in key brands, Export revenues reported a 15.7% growth YoY led by wider offerings in Maggi and Confectionary.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Nestle India (NEST) reported broad-based growth in Q3CY22 which stood in line with our estimates.Total revenue grew ~18% YoY to Rs 4,567 Cr (~3% above our estimate of Rs 4,418 Cr in Q3CY22).While domestic sales reported 18.3% YoY growth driven by double-digit growth in key brands, Export revenues reported a 15.7% growth YoY led by wider offerings in Maggi and Confectionary.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Nestle India (Ltd) - Good Set of Numbers in Challenging Times; Entry into D2C Platform

<ul><li>Nestle India (NEST) revenue reported in Q1CY22beat our estimates. However, the company’s EBITDA and PAT were a miss with clear signs of pressures noted on Gross Margins owing to inflationary RM in edible oil, milk &amp; derivatives, and packing materials.</li><li>Reported revenue grew 9.7% YoYto Rs 3,951Cr (~4% above our estimate of Rs 3,800Cr in Q1CY22)</li><li>We maintain HOLD with revised TP of Rs 18,300 (60x Mar-24E) vs earlier TP of Rs 18,600 (60x CY23E).</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Nestle India (NEST) revenue reported in Q1CY22beat our estimates. However, the company’s EBITDA and PAT were a miss with clear signs of pressures noted on Gross Margins owing to inflationary RM in edible oil, milk &amp; derivatives, and packing materials.Reported revenue grew 9.7% YoYto Rs 3,951Cr (~4% above our estimate of Rs 3,800Cr in Q1CY22)We maintain HOLD with revised TP of Rs 18,300 (60x Mar-24E) vs earlier TP of Rs 18,600 (60x CY23E).Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Nestle India: RM Headwinds Persist; Await Better Entry Point

India

Nestle India Limited is the Indian subsidiary of the Swiss multinational company Nestlé, operating as a prominent player in India's Fast-Moving Consumer Goods (FMCG) industry. The company manufactures and sells a diverse range of food products, beverages, chocolates, and confectioneries, with key brands including Maggi, Nescafé, and KitKat. Nestle India Limited was incorporated on March 28, 1959, and is headquartered in Gurugram, Haryana, India.

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Nestle India (NEST IN)

Nestle India (Ltd) - Margin Surprise; MaintainBUY

Nestle delivered resilient all-round performance, driven by strong double-digit growth across all categories, primarily led by price growth.

Axis Direct

Nestlé India (NEST) - EBITDA In-Line; Fair Valuation Limits Upside

Nestlé India (NEST) delivered a slight beat on our sales estimates. Sales growth was driven by double-digit YoY growth across segments, led by...

Motilal Oswal

Nestlé India (NIL) - Splendid Volume Growth; Margins to Recover in CY23

Nestlé India (NIL) is the largest food company in India with over Rs 14000 crore of sales.It is broadly present in infant & baby food products,...

ICICI Securities Limited

Nestle India (Ltd) - Good Set of Numbers in Challenging Times; Entry into D2C Platform

Nestle India (NEST) reported broad-based growth in Q3CY22 which stood in line with our estimates. Total revenue grew ~18% YoY to Rs 4,567 Cr

Axis Direct

Nestle India: RM Headwinds Persist; Await Better Entry Point

Nestle India (NEST) revenue reported in Q1CY22beat our estimates. However, the company’s EBITDA and PAT were a miss with clear signs of pressures...

Axis Direct

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