27 Jul 2022 , 09:34 AM
Result date: 28th July, 2022
Recommendation: Add
Target price: Rs18,300
Nestle India will announce its results for the June 2022 quarter on July 28th. The company is likely to witness continued strength in sales of key products. Share of out-of-home products is likely to improve in the quarter. Revenue is estimated to grow 10.5% over the year-ago quarter.
Rising costs of key agricultural commodities could pull down the company’s gross margin during the quarter. EBITDA margin is seen at 23.0% amid and could mirror the weakness seen at the gross margin level.
Nestle India could post a 4.8% growth in Profit After Tax or PAT over the year-ago quarter.
Important management insights to watch out for:
· Trends in demand and market share movement across categories and markets
· Outlook on input costs, pricing action and margins
| Rs. Million | June 2022 estimates | YoY change |
| Revenue | 38,259 | 10.5% |
| EBITDA | 8,790 | 3.7% |
| Profit After Tax | 5,644 | 4.8% |
Source: IIFL Research
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