External broker reports(aggregated public sources), Axis Direct

Axis Direct

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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>Mixed Performance with Margin Pressure: Nestlé reported a modest 2.5% YoY revenue growth, driven by strong double-digit growth in beverages and confectionery, along with a rebound in volumes for MAGGI noodles.</li><li>However, the Milk and Nutrition segment delivered a mixed performance.</li><li>EBITDA declined 1.3% YoY, with margins contracting 156 bps to 21.7%, impacted by a 250 bps drop in gross margins due to elevated input costs and higher operational expenses from expanded manufacturing. </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>

Mixed Performance with Margin Pressure: Nestlé reported a modest 2.5% YoY revenue growth, driven by strong double-digit growth in beverages and confectionery, along with a rebound in volumes for MAGGI noodles.However, the Milk and Nutrition segment delivered a mixed performance.EBITDA declined 1.3% YoY, with margins contracting 156 bps to 21.7%, impacted by a 250 bps drop in gross margins due to elevated input costs and higher operational expenses from expanded manufacturing. 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 - Margins Pressure, Long-Term Outlook Remains Intact