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:
The author of this report is out. BloombergQuint does not guarantee the accuracy of its content nor is it in any way responsible for them. The contents of this section do not constitute investment advice. For this you must always consult an expert based on your individual needs. The views expressed in the report are those of the author and do not represent the views of BloombergQuint.
Users do not have permission to copy, modify or distribute the content without the permission of the original owner.