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. 

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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>Beat on operating front: Nestlé reported a 3.7% YoY revenue growth, slightly below expectations (missed by 1% YoY), driven by double-digit growth in beverages and confectionery, alongside improved volumes.</li><li>EBITDA rose 3% YoY (beat on estimates) while margins contracted marginally 17bps to 25.5% due to a 97bps decline in gross margins, impacted by inflation in coffee and cocoa prices. PAT declined 5.2% YoY.</li><li>On the distribution front, the company’s RURBAN strategy continues to scale, with touchpoints now at 27,730 and coverage extending to approximately 208,500 villages.</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>

Beat on operating front: Nestlé reported a 3.7% YoY revenue growth, slightly below expectations (missed by 1% YoY), driven by double-digit growth in beverages and confectionery, alongside improved volumes.EBITDA rose 3% YoY (beat on estimates) while margins contracted marginally 17bps to 25.5% due to a 97bps decline in gross margins, impacted by inflation in coffee and cocoa prices. PAT declined 5.2% YoY.On the distribution front, the company’s RURBAN strategy continues to scale, with touchpoints now at 27,730 and coverage extending to approximately 208,500 villages.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. - Long-Term Outlook Remains Intact; Maintain BUY