External broker reports(aggregated public sources), Axis Direct

Axis Direct

External broker reports(aggregated public sources)

Axis Direct is the flagship brand under Axis Securities Limited, a subsidiary of Axis Bank in India. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

Equity Bottom-Up

<ul><li>Nestle delivered resilient all-round performance, driven by strong double-digit growth across all categories, with a healthy balance of the product mix, pricing and volume growth.</li><li>Domestic revenue grew 22% YoY while Exports grew 25% YoY led by the continued expansion in new markets and channels.</li><li>Furthermore, the management reiterated its RURBAN strategy is fueling overall rural growth.</li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

Nestle delivered resilient all-round performance, driven by strong double-digit growth across all categories, with a healthy balance of the product mix, pricing and volume growth.Domestic revenue grew 22% YoY while Exports grew 25% YoY led by the continued expansion in new markets and channels.Furthermore, the management reiterated its RURBAN strategy is fueling overall rural growth.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Nestle India Ltd. - Robust Performance; Maintain BUY

External broker reports(aggregated public sources), HDFC Securities

HDFC Securities

HDFC securities is the best online trading platform for stocks, IPOs, mutual fund in India. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

Thematic (Sector/Industry)

<ul><li>Expect improvement in volume CAGR, revenue to grow by 10/9% on YoY/four-year CAGR: Our FMCG coverage universe is expected to deliver growth of 10/9% on YoY/four-year CAGR in revenue in Q4FY23 (vs 12/8% in Q4FY22 and 8/10% in Q3FY23)</li><li>Companies have started seeing a gradual recovery in demand, however, it still falls short of a full recovery</li><li>Urban markets returned to positive volume growth while rural markets still remain muted</li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

Expect improvement in volume CAGR, revenue to grow by 10/9% on YoY/four-year CAGR: Our FMCG coverage universe is expected to deliver growth of 10/9% on YoY/four-year CAGR in revenue in Q4FY23 (vs 12/8% in Q4FY22 and 8/10% in Q3FY23)Companies have started seeing a gradual recovery in demand, however, it still falls short of a full recoveryUrban markets returned to positive volume growth while rural markets still remain mutedContent is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

FMCG & Alco Bev: Respite in demand and margins pressure

<div><div><div><div><ul><li>Nestle India manufactures and markets a wide range of food and beverage products including milk and milk products, coffee, tea, noodles, chocolates, confectionery, and infant nutrition.</li><li>Some of its popular brands in India include Maggi, Nescafe, KitKat, MilkyBar, and Nestle Everyday.</li><li>Furthermore, it recently acquired Purina Petcare to enter into the pet care business and launched Gerber Cereals to drive the premiumisation agenda. </li></ul></div></div></div></div><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

Nestle India manufactures and markets a wide range of food and beverage products including milk and milk products, coffee, tea, noodles, chocolates, confectionery, and infant nutrition.Some of its popular brands in India include Maggi, Nescafe, KitKat, MilkyBar, and Nestle Everyday.Furthermore, it recently acquired Purina Petcare to enter into the pet care business and launched Gerber Cereals to drive the premiumisation agenda. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

<ul><li>Nestle India: Nestle reported a miss on revenue while the margin was ahead of expectations</li><li>Domestic revenue was up by 14/15% YoY in 4Q/CY22, delivering a three-year CAGR of 11%</li><li>However, Nestle witnessed ~2% YoY volume contraction in 4Q due to sustained inflation impacting demand in the semi-urban market (mainly LUPs)</li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

Nestle India: Nestle reported a miss on revenue while the margin was ahead of expectationsDomestic revenue was up by 14/15% YoY in 4Q/CY22, delivering a three-year CAGR of 11%However, Nestle witnessed ~2% YoY volume contraction in 4Q due to sustained inflation impacting demand in the semi-urban market (mainly LUPs)Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Nestle India - Weak Volume; Cost Control Supports Margin

<ul><li>Nestle delivered resilient all-round performance, driven by strong double-digit growth across all categories, primarily led by price growth.</li><li>Domestic revenue grew 14% YoY (tonnage volume declined 1% on account of price increase in price sensitive LUP packs), Exports grew ~18% YoY led by the continued expansion in new markets and channels.</li><li>Furthermore, the management reiterated its RURBAN strategy is fueling overall rural growth.</li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

Nestle delivered resilient all-round performance, driven by strong double-digit growth across all categories, primarily led by price growth.Domestic revenue grew 14% YoY (tonnage volume declined 1% on account of price increase in price sensitive LUP packs), Exports grew ~18% YoY led by the continued expansion in new markets and channels.Furthermore, the management reiterated its RURBAN strategy is fueling overall rural growth.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Nestle India (Ltd) - Margin Surprise; MaintainBUY

India

Nestle India Ltd. manufactures brand name milk products and other food products. The Company's products include Everyday dairy whitener, milk powder and ghee, Milkmaid sweetened condensed milk and Cerelac weaning foods. Nestle's beverages include Nescafe and Sunrise coffee and Nesfit enriched glucose powder. Nestle also manufactures Maggi noodles, soups and sauces.

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Nestle India (NEST IN)

Nestle India Ltd. - Robust Performance; Maintain BUY

Nestle delivered resilient all-round performance, driven by strong double-digit growth across all categories, with a healthy balance of the product...

Axis Direct

FMCG & Alco Bev: Respite in demand and margins pressure

Our FMCG coverage universe is expected to deliver growth of 10/9% on YoY/four-year CAGR in revenue in Q4FY23 (vs 12/8% in Q4FY22 and 8/10% in Q3FY23)

HDFC Securities

Pick of the Week - Nestle India Ltd

Nestle India manufactures and markets a wide range of food and beverage products including milk and milk products, coffee, tea, noodles,...

Axis Direct

Nestle India - Weak Volume; Cost Control Supports Margin

Nestle India: Nestle reported a miss on revenue while the margin was ahead of expectations. Domestic revenue was up by 14/15% YoY in 4Q/CY22,...

HDFC Securities

Nestle India (Ltd) - Margin Surprise; MaintainBUY

Nestle delivered resilient all-round performance, driven by strong double-digit growth across all categories, primarily led by price growth.

Axis Direct

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