NESTLE INDIA PAT
I-Sec maintains Hold on Nestle India, raises target price to Rs 2,350
ICICI Securities has reiterated its 'Hold' rating for Nestle India, adjusting the target price to Rs 2,350. The brokerage projects a revenue CAGR of 11% and PAT CAGR of 17% over FY25-26E. While demand recovery poses an upside risk, rising raw material costs present a downside risk to the company's performance.
Nestle India announces Rs 10 final dividend. Check record date, other details
In the past 12 months, Nestle India has declared a total equity dividend of Rs 25.50 per share. At the current share price of Rs 2,456.90, this results in a dividend yield of 1.04%, according to data from Trendlyne.
Stocks to buy today: Nuvama upgrades HCL Technologies; Equirus sees 30% upside in AU Small Finance Bank
Brokerages are optimistic about select Indian stocks. Nuvama upgraded HCL Technologies to 'Buy,' citing resilience and dividend yield. Equirus Securities remains positive on AU Small Finance Bank, emphasising loan growth and earnings outlook. Despite a target price cut, Equirus maintains a 'Long' position on Havells India, acknowledging topline momentum tempered by demand concerns.
IPL 2025: Du Plessis, Mitchell Starc guide DC to seven-wicket win over SRH
Delhi Capitals triumphed over Sunrisers Hyderabad with a seven-wicket win in the IPL, thanks to Faf Du Plessis' 50 and Mitchell Starc's five-wicket haul. Despite Aniket Verma's 74 for SRH, their total of 163 proved insufficient. Young leg-spinner Zeeshan Ansari also impressed with three wickets. DC reached the target in 16 overs.
Buy Nestle India, target price Rs 2,520: Axis Securities
Axis Securities has a buy call on Nestle India with a target price of Rs 2520, citing the company's 4% YoY revenue growth due to price hikes. Though Nestle faced cost challenges and a decline in EBITDA, it managed a 6% PAT growth. The RURBAN strategy enhanced distribution reach, and the brokerage remains optimistic about long-term prospects.
Nestle India’s shares zoom over 7% on posting 5% YoY jump in PAT, Rs 14.25 dividend
Nestle India share price: The company’s revenue from operations for the third quarter rose 3.9% year-on-year (YoY) to Rs 4,779.73 crore, compared to Rs 4,600.42 crore in the same quarter last year. Nestle India reported total sales of Rs 4,762.1 crore for the third quarter ended December 2024, reflecting a 3.9% overall sales growth and a 3.3% increase in domestic sales.
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Kalyan Jewellers shares hit 10% upper circuit after Q3 profit rises 44% YoY
Shares of Kalyan Jewellers surged 10% after announcing a 44% YoY growth in profit, reaching Rs 219 crore in Q3 FY25. The company reported consolidated revenue growth of 40%, resulting in Rs 7,287 crore. The e-commerce division, Candere, faced losses despite increased revenue.
Q3 results today: Vedanta, Nestle among 134 companies to announce earnings on Friday
The third quarter earnings results will be announced by 134 companies, with key players such as Nestle India, IndusInd Bank, Sun Pharma, ONGC, Vedanta, and Marico in focus. Nestle's profits are expected to show marginal growth, while IndusInd Bank may see a significant decline in PAT due to slower loan growth and rising slippages.
Nestle Q3 results preview: PAT, revenue growth seen marginal as muted demand weighs on earnings
Nestle India is expected to see marginal revenue and profit growth in Q3, impacted by muted consumer demand and high commodity prices. Analysts predict a slight rise in revenue due to a small increase in volumes and price hikes, but a decline in EBITDA margins due to elevated raw material costs.
FMCG’s defensive image hit as stocks fall up to 21% in 3 months. How have GCPL, Marico, others performed
FMCG stocks have tumbled up to 21% in the last three months due to weak Q2 earnings, inflation, and slowing demand. Market experts advise caution while recommending select stocks like GCPL, Marico, Tata Consumer, and liquor companies for long-term potential growth. Moreover, Nifty FMCG is showing signs of rebounding from oversold territory.
BPCL, Coal India among 13 Nifty stocks with up to 80% YoY decline in Q2 PAT
Due to weak Q2 earnings, the Nifty reported a 4% year-on-year (YoY) PAT growth in 2QFY25, slightly exceeding the expected 3%, as per a report by domestic brokerage firm Motilal Oswal. This marks the second consecutive quarter of single-digit PAT growth since the pandemic (June 2020).
Nestle India shares dip 4% after reporting marginal fall in Q2 PAT
Nestle India Share Price: Shares of FMCG giant Nestlé India dropped 4% to a low of Rs 2,364.80 on the BSE after the company reported a slight decline in Q2 net profit to Rs 899 crore, down from Rs 908 crore year-on-year, marking a 1% YoY decrease.
Nestle India Q2 Results: Cons PAT falls marginally to Rs 899 crore, but beats estimates
Nestle India Q2 Results: Nestle India reported a consolidated net profit of Rs 899 crore for Q3 2024, slightly down from Rs 908 crore YOY. Revenue from operations grew by 1.3% to Rs 5,104 crore. Despite challenges like muted consumer demand and high commodity prices, the company saw growth in key brands and ecommerce.
Q2 results today: Infosys, Wipro, Nestle, Axis Bank among 38 companies to announce earnings on Thursday
Today, 38 companies announce their Q2 FY24 results, including Infosys, Wipro, Axis Bank, and Nestle India. Infosys is poised for healthy growth driven by mega-deals, whereas Wipro may see a revenue decline. Axis Bank is expected to boost net profit by 8% with rising NII, and Nestle India projects a 5-7% revenue uptick.
Nestle India Q1 Results: Profit rises 7% YoY to Rs 747 crore, misses estimates
Nestle India Q1 Results: During the quarter, the MNC packaged foods company's 5 top brands grew by double digits. Despite a hot summer in India, its beverages business thrived with strong growth. Innovations contributed to a 30% growth in prepared dishes and cooking aids.
Nestle India March quarter results today: Shares climb ahead of announcement
Nestle India's shares climbed 1% to Rs 2,530 during Thursday's intraday trading on the BSE in anticipation of the company's fourth-quarter results, scheduled for later in the day. Analysts predict a 17% increase in net profit to Rs 867 crore for the quarter ending March 31, 2024, based on the average estimates of three brokerages.
Nestle India Q3 Results: Profit surges 37% YoY to Rs 908 crore; firm declares Rs 140 per share interim dividend
Nestle India reported a 37% increase in net profit for the quarter ending September 30, 2023, reaching Rs 908.1 crore. Revenue from operations also rose by 9.4% YoY to Rs 5,036.82 crore. The company achieved a milestone of crossing Rs 5,000 crore in turnover for the quarter and recorded a double-digit domestic sales growth of 10.3%. Nestle India announced a second interim dividend of Rs 140 per share and approved a stock split.
Nestle India Q2 Results: Net profit jumps 37% YoY to Rs 698 crore
Total sales for the said quarter stood at Rs 4,619.5 crore and were up 15% YoY. Domestic sales grew by 14.6% between April and June.
Nestle Q2 Preview: PAT may rise 36% YoY on strong sales, margin show
Revenue from operations is likely to grow 16% on year to Rs 4,690 crore. In terms of key monitorables, analysts will keep an eye on margin trajectory from the management given that milk prices remain high
Nestle India Q4 Results: PAT jumps 66% YoY to Rs 628 crore; final dividend declared at Rs 75/share
The company's sales rose 14% to Rs 4,233 crore in the December quarter, compared with Rs 3,715 crore in the same quarter of last year. Meanwhile, revenue from operations too jumped 14% YoY to Rs 4,257 crore for the reporting period.
Nestle India Q4 Results Preview: Profit can rise nearly 50% YoY; margins to contract
Nomura expects Nestle to report mid-to-high single-digit year-on-year volume growth at 8%, while Nestle's revenue growth is seen in high teens. The brokerage pegged the revenue figure to be Rs 4,394 crore, higher by 17% and EBITDA is likely to grow 5% to Rs 920 crore for the fourth quarter. Gross margins are expected to shrink by 320 basis points while EBITDA margins are seen contracting by 245 basis points
Nestle India Q3 Results: Profit rises 8% YoY to Rs 668 crore, beats estimates
Nestle said it recorded total sales of Rs 4,567 crore in Q3. The total sales growth which came in at 18.2% was the highest sales growth during a quarter in the last five years, the company said in an exchange filing.
Add Nestle India, target price Rs 19500: ICICI Securities
Nestle India Ltd., incorporated in the year 1959, is a Large Cap company (having a market cap of Rs 172510.37 Crore) operating in FMCG sector.
Nestle India Q1 preview: Company may see double-digit profit rise on account of rising in-home consumption
Motilal Oswal expects Nestle India to report a 14.1 per cent rise in adjusted net profit, while net sales may have risen 7 per cent. The brokerage said it expects moderate sales growth due to a strong base.
Buy Nestle India, target price Rs 20,687: Angel Broking
The brokerage forecasts that Nestle will report a healthy top-line CAGR of ~9 per cent to Rs 14,558 crore over CY2019-21E on the back of strong brand, wide distribution network and new product launches.
Neutral Nestle India, target Rs 10,620: Motilal Oswal Securities
Neutral Nestle India Ltd. at a price target of Rs 10,620.
Maggi return lifts FII stake in Nestle India to all-time high
Data showed FPIs raised stake in the FMCG company by 269 bps to 14.86% at the end of the December quarter compared with 12.17% in the September quarter.
Broker's Call: MOSL retains neutral on Nestle
Motilal Oswal has maintained its ‘Neutral’ rating on Nestle India with a target price of Rs 4,900.
Brokers' Call: Nestle, Fortis, Maruti
For Nestle India, CY12 earmarked a year of portfolio rationalisation and channel optimisation, resulting in a modest revenue growth of 10.8% compared to revenue CAGR of 21.6% over CY06-CY11.
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