External broker reports(aggregated public sources), Emkay Global Financial Services Limited

Emkay

Emkay Global Financial Services Ltd. is a leader in the financial services sector, actively creating wealth for our clients for over two decades.

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.

External broker reports(aggregated public sources)

Emkay Global Financial Services Limited

Emkay Global Financial Services Ltd. is a leader in the financial services sector, actively creating wealth for our clients for over two decades. 

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>Q2 result was weaker than street and our expectations, wherein sales growth was 1% (5% below expectations) and adjusted earnings declined 9% (14% below expectations).</li><li>EBITDA margin saw 150bps YoY contraction amid surge in A&amp;P spends; gross margin remained steady at 56%.</li><li>Amid inflationary stress, Nestlé India’s core categories saw demand pressure.</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>

Q2 result was weaker than street and our expectations, wherein sales growth was 1% (5% below expectations) and adjusted earnings declined 9% (14% below expectations).EBITDA margin saw 150bps YoY contraction amid surge in A&amp;P spends; gross margin remained steady at 56%.Amid inflationary stress, Nestlé India’s core categories saw demand pressure.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.

Nestlé India - Growth Slump a Concern; Downgrade to REDUCE

Nestle India

Nestlé India - Growth Slump a Concern; Downgrade to REDUCE