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Company details

2,427.85
2,482.00
2,030.80
2,769.30
6M Return 1.88%
1Y Return 19.25%
Mkt Cap.(Cr) 237,057.28
Volume 1,252,353
Div Yield 0.90%
OI
-
OI Chg %
-
Volume 1,252,353

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Robust growth across categories...
About The Stock

    Nestlé India (NIL) is the largest food company in India with over ₹ 16000 crore of sales. It is broadly present in infant & baby food products, noodles, chocolates & beverage categories. In the last five years, the company has forayed into newer categories and launched more than 110 new products.

    • The company has nine manufacturing facilities including newly commissioned plant in Sanand, Gujarat. Its major brands include Maggi, Nescafe, KitKat, Cerelac among others
Q1CY23 Results

    Nestlé India reported robust growth across segments

    • Sales were up 21.3% YoY led by mix of volume & pricing growth
    • EBITDA was at ₹ 1095.5 crore, up 18.5% YoY with margins at 22.8%
    • Adjusted PAT was at ₹ 736.6 crore (up 23.9% YoY)

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Research view on more stocks

Packaged Foods company Nestle India announced Q4CY23 results:

Financial Highlights – Q4CY23:

  • Total Sales amounted to Rs 4,583.6 crore.
  • Total Sales Growth reached 8.3%, with Domestic Sales Growth at 8.9%.
  • Profit from Operations stood at 21.9% of Sales.
  • Net Profit recorded at Rs 655.6 crore.
  • Earnings Per Share amounted to Rs 6.80.
  • The Board of Directors have declared third interim dividend for FY24 of Rs 7/- per equity share (face value of Re 1/- each) amounting to Rs 674.91 crore, which will be paid on and from 5th March 2024.
  • On and from the Record Date of 5th January 2024, the equity shares of the Company were sub-divided, such that 1 (one) equity share having face value of Rs 10/- (Rupees ten only) each, fully paid-up, stands sub-divided into 10 (ten) equity shares having face value of Re 1/- (Rupee one only) each, fully paid-up

Business Comments – Q4CY23:

  • E-commerce: Continued growth momentum with targeted demand generation initiatives across key platforms based on portfolio relevance and shopper needs.
  • Organized Trade: Delivered robust growth, spurred by festive walk-ins. The channel continued to play a pivotal role in premiumization and new product launches.
  • Out of Home (OOH): Reported strong growth, fueled by portfolio transformation and premiumization, channel prioritization, digital lead generation, and new customer acquisition.
  • Exports: Expanded product offerings across key international markets to delight Indian diaspora exploring multiple markets.

Product Groups Performance – Q4CY23 (Domestic):

  • Prepared Dishes and Cooking Aids: Continued growth momentum observed across the portfolio, fueled by effective communications, media investment, shopper engagement, and innovations targeting market development, particularly in RURBAN markets.
  • Milk Products and Nutrition: Expansion of NESTLÉ A Masala Millet to Mumbai and MILO for Teenager to key south markets. Positive consumer response received for MILKMAID and PEPTAMEN.
  • Confectionery: Strong growth in confectionery led by KITKAT and MUNCH, supported by consumer-led campaigns and new product launches including MILKYBAR caramel, MUNCH fruity, and POLO watermelon. KITKAT entered the premium segment with three new variants.
  • Beverages: Robust growth across the NESCAFÉ portfolio, with double-digit growth for NESCAFÉ CLASSIC and NESCAFÉ Sunrise. NESCAFÉ strengthened its leadership position with market share gains and increased household penetration.
  • Petcare Business: Felix Wet Cat Food received positive feedback from trade and cat parents, with e-commerce playing a pivotal role in distribution.

Commenting on the results, Suresh Narayanan, Chairman and Managing Director of Nestlé India, stated, “I am pleased to share that despite external challenges, we have once again delivered a strong performance this quarter. Domestic sales grew by 8.9%, driven by pricing and mix growth, with strong momentum in e-commerce and out-of-home channels. Throughout the year 2023, our total sales grew by over 13.3%, crossing the Rs 19,000 crore mark.

All key brands and product groups have contributed to Nestlé India’s consistent growth trajectory. This quarter, strong demand for NESCAFÉ CLASSIC and NESCAFÉ SUNRISE fueled double-digit growth in the Beverages product group, with NESCAFÉ gaining significant market share. The Milk and Nutrition product group posted double-digit growth, while Prepared Dishes and Cooking Aids maintained commendable growth. Confectionery, another strong growth driver, also delivered solid performance. This overall growth underscores the trust consumers place in us and the unwavering commitment of our teams.

Our Out-of-Home business accelerated rapidly this quarter, focusing on relevant innovations, new geographies, and robust penetration in emerging channels with the opening of new kiosks in key locations. This strategic clarity and disciplined execution made our Out-of-Home business the fastest-growing segment in India.

E-commerce recorded strong growth, contributing 7% of domestic sales in this quarter. Organized trade also witnessed robust growth, supported by festive walk-ins and new product launches. Our teams excelled in implementing shopper-centric activities across our extensive portfolio, spanning both traditional platforms and the rapidly growing ‘quick commerce’ sector.”

Result PDF

View Other Company Results

Nestle India shares SWOT Analysis

Strengths (7)

  • Efficient in managing Assets to generate Profits - ROA improving since last 2 year
  • Company with Low Debt
  • Strong cash generating ability from core business - Improving Cash Flow from operation for last 2 years

Weakness (3)

  • MFs decreased their shareholding last quarter
  • Inefficient use of shareholder funds - ROE declining in the last 2 years
  • Declining Net Cash Flow : Companies not able to generate net cash

Opportunity (0)

Data not found

Threats (2)

  • High PE (PE > 40)
  • RSI indicating price weakness

Resistance and support

R1 2,484.5
R2 2,510.3
R3 2,538.7
Pivot

2,456.18

S1 2,430.4
S2 2,402.0
S3 2,376.2
EMA SMA
2,526.0
2,536.0
2,506.6
2,415.7
2,541.3
2,542.5
2,533.3
2,414.2
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
NORTHERN LIGHTS FUND TRUST III RONDURE NEW WORLD FUND Block Purchase 2023-10-20 24122 7995 BSE
RONDURE NEW WORLD FUND Block Sell 2023-10-20 24122 7995 BSE
SOCIETE GENERALE Block Purchase 2022-11-23 19607.35 34746 BSE
Name Category Shares
NESTLE S.A. PROMOTER 34.28%
MAGGI ENTERPRISES LTD PROMOTER 28.48%

OUR RESEARCH VIEW

Investment recommendation
Robust growth across categories...
Call Date
25 Apr 2023
Entry Price 20,659.00
Target Price 23,000.00
Duration
12-18 Month

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
Operating Profit
Profit after Tax
PE
Debt/Equity
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Nestle India Stocks Comparison

Financials( in Cr) Nestle India Ltd Hindustan Unilever Ltd Varun Beverages Ltd Godrej Consumer Products Ltd Britannia Industries Ltd
Price 2,458.70 2,241.50 1,430.30 1,185.50 4,753.30
% Change 0.86 0.44 2.45 1.42 1.82
Mcap Cr 237,057.28 526,660.82 185,853.75 121,255.31 114,491.79
Revenue TTM Cr 17,423.38 60,580.00 16,042.58 13,315.97 16,300.55
Net Profit TTM Cr 2,390.52 10,143.00 2,101.81 1,702.46 2,316.32
PE TTM 78.24 50.86 85.51 63.92 52.00
1 Year Return 19.25 -11.46 98.64 22.49 10.70
ROCE 59.47 24.88 27.83 16.35 48.18
ROE 108.52 20.42 34.92 13.43 66.62
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 2,459.17 Cr FV: 1.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 18,396.48 -4,381.83
LAST 3M 82,644.28 31,619.26
LAST 6M 141,441.37 66,162.53
LAST 12M 215,515.77 196,008.04
Nestle India Limited - News Verification

Apr 19, 2024 l NSE Announcement

Nestle India Limited - News Verification

Apr 18, 2024 l NSE Announcement

Nestle India Limited - Updates

Apr 16, 2024 l NSE Announcement

Date Action Type Ratio
Feb 15, 2024 Dividend 700
Jan 05, 2024 Split 1:10
Nov 01, 2023 Dividend 1400

Nestle India Information

Stock PE (TTM)
78.24
Promoter Holding
62.76%
Book Value
32.0772
ROCE
59.47%
ROE
108.52%
Description
  • Nestle India Ltd is in the FMCG sector is having Market Capitalization worth Rs. 182,332.30 crores, it is incorporated in the year 1959. It has reported consolidated sales of Rs. 3462.35 crores in June’2021. The company is listed in the Bombay Stock Exchange (BSE) with the code 500790 and additionally listed in the National Stock Exchange (NSE) with the code NESTLEIND.

    Nestle India Ltd is an Indian subsidiary of a Swiss International company, Nestle. The headquarters of Nestle Indian Ltd is in Gurgaon. The company deals in products like food, beverages, chocolates, confectionery, etc. Currently, Nestle India has eight manufacturing units and four corporate branches spread across the nation. The company has introduced products to meet day to day needs of its customers as Nestle Milk, Nestle Slim Milk, Nestle Fresh & Natural Dahi, and Nestle Jeera Raita. Nestle India, through its corporate social responsibility initiatives, is working in collaboration with many NGOs to focus on areas like awareness regarding nutrition, working on new techniques to save water in farming, and working on rural development in the country. The promoters of the company own 62.76% of the stake in the company, Foreign Institutional Investors (FII) own 12.43%, Domestic Institutional Investors (DII) own 7.92% of the stake, and others (such as public & retail investors) hold the balance of 16.89%.

    In June 2021, quarterly net revenue was Rs. 3,476.7 crores, which has increased by approximately 13.97% from Rs. 3,050.48 crores for the April-June 2020 quarter. The quarterly net profit in June 2021 was Rs. 538.58 crores, which has also increased by nearly 10.68% from a net profit of Rs. 486.60 crores in June 2020. In June 2021, the reported operating profit was at Rs. 2,736.45 crores, which is also increased by 9.55% as compared to an operating profit of Rs. 2,467.85 crores for the quarter ending in June 2020. From Rs. 50.47 in June 2020, the EPS of Nestle India Ltd has risen to Rs. 55.86 per share in June 2021. NESTLEIND’s stock closed at Rs. 18,911 on 18th August’2021 (NSE) and has returned 12.91% in the last six months and 15.15% in the previous year.

Registered Address

100/101 World Trade Centre, Barakhamba Lane, New Delhi, New Delhi, 110001

Tel : 91-11-23418891
Email : investor:in.nestle.com
Website : http://www.nestle.in
Registrar

Alankit Assignments Ltd

AGM Date (Month) : May
Face Value Equity Shares : 1
Market Lot Equity Shares : 1
BSE Code : 500790
NSE Code : NESTLEIND
Book Closure Date (Month) :
BSE Group : A
ISIN : INE239A01024

Nestle India Shares Faqs

You can buy Nestle India Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Nestle India Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Apr 22, 2024 03:59 PM the closing price of Nestle India Ltd was ₹ 2,458.70.

Market capitalization or market cap is determined by multiplying the current market price of a company’s shares with the total number of shares outstanding. As of Apr 22, 2024 03:59 PM, the market cap of Nestle India Ltd stood at ₹ 237,057.28.

The latest PE ratio of Nestle India Ltd as of Apr 22, 2024 03:59 PM is 78.24

The latest PB ratio of Nestle India Ltd as of Apr 22, 2024 03:59 PM is 0.01

The 52-week high of Nestle India Ltd share price is ₹ 2,769.30 while the 52-week low is ₹ 2,030.80

According to analyst recommendations, Nestle India Ltd Share has a “Buy” rating for the long term.

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