- Nestle India reported a net income of 6.96 billion rupees, which was below the estimated 7.22 billion rupees.
- Revenue was 47.80 billion rupees, slightly missing the estimate of 47.97 billion rupees.
- Domestic sales reached 45.66 billion rupees, falling short of the forecasted 51.74 billion rupees.
- Export sales were 1.96 billion rupees, which did not meet the expected 2.19 billion rupees.
- Total costs amounted to 38.62 billion rupees.
- Raw material costs were 20.76 billion rupees, lower than the anticipated 22.76 billion rupees.
- Other income was recorded at 44.4 million rupees.
- Nestle India‘s shares rose by 2.9% to 2,281 rupees, with 434,273 shares traded.
- The stock received 12 buy recommendations, 19 hold recommendations, and 7 sell recommendations from analysts.
A look at Nestle India Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 4 | |
| Growth | 3 | |
| Resilience | 5 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.6 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Based on the Smartkarma Smart Scores for Nestle India, the company seems to have a positive long-term outlook. With a high Resilience score of 5, Nestle India is viewed as being well-equipped to withstand uncertainties and market challenges. Additionally, the company’s Dividend score of 4 indicates a strong track record of rewarding shareholders with regular dividend payouts, showcasing financial stability.
Although the Value score stands at 2 and Growth at 3, the Momentum score of 4 suggests that Nestle India is showing good upward momentum in key performance indicators. Overall, Nestle India, a manufacturer of a variety of popular food products and beverages, appears to be positioned well for sustained growth and stability in the long run.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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