MENU

Published on 29/07/2020 11:39:41 AM | Source: Angel Broking Ltd

Quote on 1QFY21 results of Nestle India by Amarjeet Maurya, Angel Broking

Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel  https://t.me/InvestmentGuruIndia 

Download Telegram App before Joining the Channel

Below is the Quote on 1QFY21 results of Nestle India by Amarjeet Maurya, AVP - Mid Caps, Angel Broking Ltd.

For 2QCY20, Nestle India (NIL) has reported better than expected results both on the top-line and bottom-line front. Top-line grew by ~2% to Rs.3,050cr. Top-line was negatively impacted mainly due COVID-19 lockdown. On the operating front, the company reported margins improvement (up 75bps yoy at 24.5%) mainly due to lower other expenditure. On the bottom-line front, NIL reported growth of ~11% yoy to Rs.487cr due to healthy operating performance and lower taxes. Considering NIL’s strong product portfolio coupled with strong brand and market leadership position, we are positive on stock. 

 

Above views are of the author and not of the website kindly read disclaimer