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Nestle India – Sustainable share of new products, increasing rural focus: Motilal Oswal – Current Globe News

Nestle India – Sustainable share of new products, increasing rural focus: Motilal Oswal


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A special research division of BQ Blue brings together quality reports and detailed research on capital and economics from all major Indian brokerage houses, asset managers and research agencies. These reports offer BloombergQuint subscribers the opportunity to broaden their understanding of companies, sectors and the economy.

Milk, food products and chocolates and sweets Nestle India Ltd. they have continued their momentum of healthy growth seen in recent years.

Although the 11.4% increase in prepared meals (Maggi) in CY20 was healthy, it was lower than our earlier estimate due to the increase in home consumption during Covid-19.

Performance was probably affected by the slower resumption of production, as the company does not abandon production.

Beverage sales were flat in CY20 due to significant components outside the home, which is only now normalizing.

The contribution of newer products to sales remained healthy and stood at 4.3% in CY20, which is credited because the management’s focus was more on basic products in the middle of a pandemic.

Click the attachment to read the complete report:

Motilal Oswal Nestle India Company Update.pdf

DISCLAIMER

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