Quote On Nestle 4QFY21 By Yash Gupta, Angel Broking

21/04/2021 2:40:32 PM | Source: Angel Broking Ltd

Quote On Nestle 4QFY21 By Yash Gupta, Angel Broking

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Below are Quote On Nestle 4QFY21 By Mr. Yash Gupta Equity Research Associate, Angel Broking Ltd

Nestle India Limited reported revenue at 3640 crores up by 8% as compared to 3368 crores in Q4FY20, export revenue at 158 crores.

Company reported EBITDA margins of 25.7% which is better than the market expectation, EBITDA stood at 959.5 crores in Q4FY21 up by 14.8% as compared to 836.1 crores in Q4FY20.

Profit after tax for the quarter rose by 14.6% at ₹602.2 crores in Q4FY21 as compared to ₹525.4 crores in Q4FY20.

Company has announced an interim dividend of ₹25 per share.

Nestle India reported numbers in line with expectation, we expect some revenue dip in coming quarters as we are going through the 2nd wave of covid. We expect some cool off in margs in the next couple of quarters.

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Quote On Nestle 4QFY21 By Yash Gupta, Angel Broking

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