Robust growth across categories...
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Packaged Foods company Nestle India announced Q1CY23 results:
Commenting on the results, Suresh Narayanan, Chairman and Managing Director, Nestle India, said, "I am pleased to share that we have continued to deliver robust sales growth this quarter, which is broad-based with a healthy balance of pricing, volume, and mix.
This is the highest growth for the Company in a quarter in the last 10 years (excluding the exceptional quarter in 2016 which was off a low base in 2015). Yet again, I would single out the outstanding diligence, commitment and seizing of every opportunity in the marketplace by our employees, partners, distributors, and stakeholders. Teamwork has triumphed once again!
All our product groups delivered double-digit growth, a notable feature in these past four quarters in a row. Confectionery led by KITKAT, and MUNCH posted strong growth, supported by consumer-led campaigns, innovation and engagement. Beverages turned in another quarter of robust growth and market share gains led by NESCAFE Classic, NESCAFE Sunrise, and NESCAFE GOLD. Prepared Dishes and Cooking Aids delivered strong growth across all products in its portfolio. One can discern portfolio upgradation happening in this category. Milk products and Nutrition continued its strong performance led by MILKMAID among others.
I am very pleased that in line with our commitment to enable people to live healthier lives, we launched ThickenUp Clear, a food and beverage thickener from our Nestle Health Science portfolio. ThickenUp Clear can be used to help patients with swallowing difficulties, especially in oropharyngeal dysphagia. I feel proud of the Company's efforts to make a difference, where it matters to improve their quality of life.
Our out-of-home business continued to accelerate rapidly this quarter. We continued with portfolio transformation, continued expansion, route to market focussed on relevant geographies, channel prioritization and opening of new kiosks in key locations. Our strong performance in e-commerce continued with significant growth in quick commerce. We accelerated our sustained growth journey in RURBAN. The growth in RURBAN was complemented by strong momentum in metro and megacities. Rural growth was also strong, secular and robust, being volume led which gives greater confidence and impetus to our efforts to enhance our footprint.
It is an honour to welcome our board of directors and host our board meeting at our newest factory in Sanand, Gujarat. The Sanand factory is a shining example of diversity, with women constituting the majority of the workforce. The factory is environment friendly, moving towards paperless, digitally advanced with state-of-the-art digital manufacturing processes. It was inspiring to meet passionate, competent, and motivated factory colleagues. Our societal initiatives such as Nestle Healthy Kids Programme, Sanitation and Oxygen plants are providing support to communities near our Sanand factory."
Equity Capital: 2,459.17 Cr FV: 10.00
Period | MF Net Purchase / (sold) | FII Net |
---|---|---|
LAST 1M | 943.10 | 32,637.51 |
LAST 3M | 17,174.81 | 50,737.17 |
LAST 6M | 66,045.02 | 26,732.81 |
LAST 12M | 121,409.17 | 72,523.78 |
Date | Action Type | Ratio |
---|---|---|
Apr 21, 2023 | Dividend | 750 |
Apr 21, 2023 | Dividend | 270 |
Oct 31, 2022 | Dividend | 1200 |
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.
100/101 World Trade Centre, Barakhamba Lane, New Delhi, New Delhi, 110001
Tel | : | 91-11-23418891 |
: | investor:in.nestle.com | |
Website | : | http://www.nestle.in |
Alankit Assignments Ltd
AGM Date (Month) | : | May |
Face Value Equity Shares | : | 10 |
Market Lot Equity Shares | : | 1 |
BSE Code | : | 500790 |
NSE Code | : | NESTLEIND |
Book Closure Date (Month) | : | |
BSE Group | : | A |
ISIN | : | INE239A01016 |
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 May 30, 2023 03:59 PM the closing price of Nestle India Ltd was ₹ 21,574.45.
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 May 30, 2023 03:59 PM, the market cap of Nestle India Ltd stood at ₹ 208,012.22.
The latest PE ratio of Nestle India Ltd as of May 30, 2023 03:59 PM is 82.4
The latest PB ratio of Nestle India Ltd as of May 30, 2023 03:59 PM is 0.01
The 52-week high of Nestle India Ltd is ₹ 22,300.00 while the 52-week low is ₹ 16,435.00
According to analyst recommendations, Nestle India Ltd has a “Buy” rating for the long term.