Page 2 - Nestle India

June-quarter miss, valuations may restrict upside in Nestle India

Brokerages have cut their profit estimates by 3-5 per cent

F&O expiry: Sensex gains 209 pts; Nifty Metal index zooms 5%, PSB index 3%

Tata Steel (up 6.8 per cent), Bajaj twins, SBI, HCL Tech, and Sun Pharma were the top gainers on the Sensex today

Stocks to watch: Tatva Chintan, Nestle India, TechM, Axis Bank, ABB India

HCL Technologies on Wednesday said it has appointed Jill Kouri as its Chief Marketing Officer

Nestle India Q2 PAT up 11% to Rs 539 cr, sales up 14%

Steep commodity inflation impacted margins; while staff benefit expenses remained stable, total expenses grew 14% as other operating expenses surged too

Nestle India Q2 PAT rises 11% YoY to Rs 539 crore, misses estimates

The FMCG major's revenue from operations for the quarter under review came in at Rs 3,476.7 crore as against Rs 3,050.48 crore posted in the corresponding quarter last fiscal

Sensex rebounds 640 pts from day's low to end 135 pts down; Airtel jumps 5%

Bargain hunting in domestic equities helped the markets rebound swiftly from intra-day lows on Wednesday

Stocks to watch: Maruti Suzuki, Nestle, IndiGo, IIFL Finance, IndusInd Bank

IndiGo posted its highest ever quarterly loss of Rs 3,174.17 crore during the April-June period

Nestle India Q2 preview: Net profit could rise up to 20% YoY, say analysts

Better supply chain compared to base quarter would lead to strong sales in products such as Maggie, Kit Kat, and infant products, brokerage Sharekhan said

Investors shun top FMCG stocks amid market rally; Tata Consumer outlier

M-cap of top 10 firms has risen 12% in 1 year, against 42% rally in Nifty50

Investors dump FMCG for financials; Sensex gains 375 pts, ends above 48K

From a low of 30,555 hit earlier in the day, the Nifty Bank index ended at 31,783, up 2.15 per cent

Stocks to watch: Nestle India, Hero Moto, ICICI Securities, Cyient, Lupin

Cyient, Tata Elxsi and 10 other companies will release their quarterly earnings on April 22

Rural push, new launches to sustain growth trajectory for Nestle India

Valuations are, however, rich limiting the upside potential

Nestle India March qtr profit up 14.6% on double-digit sales growth

Key products like Maggi Noodles, Kitkat, Nescafe Classic, Maggi Sauces, Milkmaid and Maggi Masala-Ae-Magic delivered robust performance as in-home consumption surged

Top headlines: HC slams Centre's vaccination policy; Nestle Q1 net up 15%

Boeing 737Max allowed to overfly India, state govt imposes nearly 60-hr-long weekend curfew in entire UP and other top news of the day

Nestle India Q1 net profit up 15% to Rs 602 cr; total sales rise 8.9%

Its revenue from operations came in at Rs 3,610.8 crore, up 8.6 per cent from Rs 3,325 crore in the same period last year

Stocks to watch: TechM, ACC, Nestle India, 5paisa, Caplin Point, ICICI Pru

Ace investor Ashish Kacholia increased stake in Caplin Point from 1.08 per cent as of December 2020 to 1.16 per cent as of March 2021

Nestle Q1 preview: PAT may rise up to 14% YoY, say analysts

Nestle Q1 preview: Raw material prices have started inching up, however, cost optimisation measures should aid Ebitda margin expansion of 120 bps YoY, said analysts at Edelweiss Financial

Nestle India digs deeper in the rural market, aims to grow business

The company's new-found enthusiasm for the hinterlands is founded on its appetite for growth

Countryside is the new battleground for Nestle India, Britannia and Parle

Nestle India's aggressive shift to the hinterlands points to the growth that beckons in these areas; Britannia and Parle have already got there

Can Nestle's rural push turn around its fortunes? Here's what analysts say

While the longer-term narrative for Nestle's revenue and earnings growth remains extremely attractive, near-term concerns on valuations cannot be ruled out