Nestle held an analyst call to provide a business update. Here are the key takeaways:
* Strong double-digit growth across all portfolios in 9MCY23: NEST delivered 15.1% YoY growth in domestic sales during the 9MCY23, complemented by a remarkable 30% surge in the out-of-home category. Key product segments, including milk products and nutrition, prepared dishes, cooking aids, confectionery, and beverages, experienced notable growth rates of 15.3%, 10.7%, 21.4%, and 18.6% YoY, respectively, i...
Neutral Nestle India Ltd For Target Rs. 23,900 - Motilal Oswal Financial Services
Zomato-owned quick delivery platform Blinkit saw its losses increase 8.2 per cent to reach Rs 1,078.9 crore in FY23 from Rs 996.7 crore in FY22, the media reported on Thursday.Delivery and related charges were behind 29.2 per cent of the total expenses, reports Entrackr."This cost elevated 2.4X to Rs 565.8 crore in FY23 from Rs 235.9 crore in FY22. Its employee, advertising, rental, and outsourcing manpower costs drove its overall expenditure to Rs 1,939 crore in FY23,? the report said.Accord...
Blinkit`s losses up over 8% to reach 1,078 cr in FY23, revenue surges 3X
