BQ Prime’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Dolat Capital Report
Nestle India Ltd.’s Q3 CY22 results were in line with our estimate. The company reported 18.3% YoY growth in the domestic market driven by volume and mix while exports business posted 15.7% YoY increase.
On a three-year compound annual growth rate basis, revenues increased by 13% - indicates acceleration in overall growth.
E-com channel posted strong growth fueled by new formats - ‘quick commerce’ and ‘click and mortar’ helped increase the sales contribution to 7.2%.
Nestle India's gross margin decline by 290 basis points YoY mainly attributed to higher inflation related to edible oils, milk and its derivatives, packaging materials, partly offset by better realisations.
While edible oil and packaging costs witness softening by the end of the quarter, fresh milk, fuels, grains and green coffee costs are expected to remain firm.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
As a Subscriber you get
Stories
RECOMMENDED FOR YOU
POPULAR