About the Company:
NESTLÉ's relationship with India since 1912, when it began trading as The NESTLÉ Anglo-Swiss Condensed Milk Company (Export) Limited, importing, and selling finished products in the Indian market. After India's independence in 1947, the economic policies of the Indian Government emphasized the need for local production. NESTLÉ responded to India's aspirations by forming a company in India and set up its first factory in 1961 at Moga, Punjab, where the Government wanted NESTLÉ to develop the milk economy. Progress in Moga required the introduction of NESTLÉ's Agricultural Services to educate, advise and help the farmer in a variety of aspects. From increasing the milk yield of their cows through improved dairy farming methods, to irrigation, scientific crop management practices and helping with the procurement of bank loans.
QoQ & YoY Performance:
Nestle India Limited has declared the results for the quarter and financial year ended on March 2020.
- QoQ Performance: Q4FY20 Consolidated Net sales/ revenue of the company recorded of Rs. 33,057.80 Millions, increased by 5.59% in March quarter of FY20. While total expenditure (excluding interest and depreciation expenses) stood at Rs. 25,319.60 Millions, is rose by only 3.13%. EBITDA numbers increased by 13.18%.
- YoY Performance: The Company has reported uptick of 10.84% in sales/revenue figures. Expenditure (excluding interest and depreciation expenses) of the company also soared by 12.52%. EBITDA numbers rose by 1.24%.
- Profitability of the company: Net profits of the company climb to Rs. 5,254.30 Millions, increased by 11.17% QoQ and jump by 13.55% YoY. EPS Stood at 54.50.
- Legal proceedings in the MAGGI Noodles case are currently on before the Honorable Supreme Court. The issue has been adequately explained in the Annual Report. 2015 and in the press releases in 2015 available on the Company's website: www.nestle.in,
As per Lokesh Sethia, SEBI Registered, the stock closed at Rs.17457.25 per share on Bombay Stock Exchange, down by 0.63% in today’s trading session. The company delivers impressive numbers for the fourth quarter of FY20 but due to CoronaVirus led lock down in the country major units of the company is closed. As well as per the current price of the stock HUL seems overvalued so he is not recommending the stock and avoid at this price.