External broker reports(aggregated public sources), Axis Direct

Axis Direct

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

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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. This was driven by strong growth across all categories, with a healthy balance of the product mix, pricing, and volume growth.</li><li>Domestic revenue grew by 8.9% YoY (~5% volume estimates) and exports grew 19% YoY). Gross margins improved by 310bps YoY to 56.7% owing to softer RM and improved product mix. It reported EBITDA margins of 25.7%, up 289bps YoY.</li><li>The company’s adjusted PAT grew 27% YoY to Rs 934 cr.</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. This was driven by strong growth across all categories, with a healthy balance of the product mix, pricing, and volume growth.Domestic revenue grew by 8.9% YoY (~5% volume estimates) and exports grew 19% YoY). Gross margins improved by 310bps YoY to 56.7% owing to softer RM and improved product mix. It reported EBITDA margins of 25.7%, up 289bps YoY.The company’s adjusted PAT grew 27% YoY to Rs 934 cr.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. - All Round Performance; Maintain BUY