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.

External broker reports(aggregated public sources)

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.

Equity Bottom-Up

<ul><li>We carried out detailed channel checks across India to gauge what has gone wrong and led to sub-par 1QFY25 performance, and how the current quarter is shaping up regarding the end consumer demand</li><li>We have been able to decipher the following reasons for this weak performance: (a) product formulation change coupled with packaging change in Lactogen in selected geographies has caused inventory correction</li><li>Moreover, the increased competitive intensity has majorly weighed on segmental performance (b) Nestle has stopped the practice of price laddering in the Noodles segment (c) disproportionate price increases in the coffee segment, which impacted end consumer offtake and (d) unfavourable weather conditions (extreme heatwaves) leading to reduced Out-of-Home consumption frequency, which affected the Out-of-Home channel’s performance</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>

We carried out detailed channel checks across India to gauge what has gone wrong and led to sub-par 1QFY25 performance, and how the current quarter is shaping up regarding the end consumer demandWe have been able to decipher the following reasons for this weak performance: (a) product formulation change coupled with packaging change in Lactogen in selected geographies has caused inventory correctionMoreover, the increased competitive intensity has majorly weighed on segmental performance (b) Nestle has stopped the practice of price laddering in the Noodles segment (c) disproportionate price increases in the coffee segment, which impacted end consumer offtake and (d) unfavourable weather conditions (extreme heatwaves) leading to reduced Out-of-Home consumption frequency, which affected the Out-of-Home channel’s performanceContent 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: Interpreting the Weak 1QFY25 Performance. Maintain ADD

Nestle India

Nestle: Interpreting the Weak 1QFY25 Performance. Maintain ADD