External broker reports(aggregated public sources), Axis Direct

Axis Direct

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.

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 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><p><em>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.</em></p>

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