NSE: NESTLEIND | BSE: 500790

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2420.30 -40.60 (-1.65%)

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NSE 28 May, 2025 1:04 PM (IST)

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Nestle India Ltd. share price target and research reports

Latest analyst research reports with target prices and PDF download for NESTLEIND, BSE:500790 Nestle India Ltd.

Nestle India Ltd.

13 Feb 2020

2420.30

-1.65%

Q4CY19 Result Update

Sell: Nestle India Ltd.

Recommendation Target

Prabhudas Lilladhar

We cut our CY20 and CY21 EPS by 5.4% and 4.7% and maintain Reduce rating on Nestle given that it represents a classic confluence of life time high PE multiples and EBIDTA margins in a scenario of rising input costs with an estimated 10% PAT CAGR over CY19-21. Although NESTLE has been able to report a strong 10% domestic sales growth in a tepid demand scenario, it has...

Nestle India Ltd. is trading above all available SMAs

Nestle India Ltd.

13 Feb 2020

2420.30

-1.65%

Sales outlook healthy, milk inflation to curtail margin expansion

Neutral: Nestle India Ltd.

Target

Motilal Oswal

13 February 2020 Double-digit domestic sales growth, while lower than forecast, is very healthy in the current environment. Higher milk & milk derivative costs are likely to weigh on near-term earnings growth, but longer-term prospects remain robust. Valuations of 58.1x/48.6x CY21/22E EPS fully factor in upside from one- year perspective. Domestic sales grew 10% YoY, largely driven by volume/mix. Export sales declined 9.7% YoY due to lower coffee exports to Turkey. Gross margin shrank 220bp YoY to 56.8% due to higher commodity cost, particularly milk and its derivatives. Higher staff costs (+60bp YoY to 10.2%) and lower other expenses (-290bp YoY to 25.2%) led to EBITDA margin expansion of 20bp YoY to 21.

Number of FII/FPI investors increased from 878 to 902 in Mar 2025 qtr.

Nestle India Ltd.

19 Nov 2019

2420.30

-1.65%

NESTLE INDIA LTD

Hold: Nestle India Ltd.

Target

Geojit BNP Paribas

Domestic sales keep the growth momentum going Q3CY19 standalone revenue increased by 9.4% YoY to Rs. 3,216cr, primarily led by domestic sales (+10.5% YoY to Rs. 3,039cr) driven by better volumes and mix. This is partially offset by weaker export sales (-7.1% YoY to Rs. 160cr) owing to lower coffee exports to Turkey. EBITDA grew 3.6% YoY to Rs. 756cr, despite contraction in EBITDA margin (-130bps YoY to 23.5%) due to higher raw material prices, particularly milk and its derivatives. PAT rose 33.5% YoY to Rs. 595cr, helped by lower depreciation (16.1% YoY to Rs. 78cr) and taxes (-53.7% to Rs. 104cr) under the new tax regime. Reintroduction of Milo helps regain a slice of MFD segment pie...

Number of FII/FPI investors increased from 878 to 902 in Mar 2025 qtr.

Nestle India Ltd.

13 Nov 2019

2420.30

-1.65%

Nestle

Results Update: Nestle India Ltd.

SMC online

"Tax Expense" (including revaluation of deferred tax assets & liabilit ies) has been computed at the lower tax rates introduced by t he Taxation Laws (Amendment) Ordinance, 2019 dated 20 September 2019. The impact of this change, including that for the previous quarter, has been recognised in the current quarter. Accordingly, the tax...

Number of FII/FPI investors increased from 878 to 902 in Mar 2025 qtr.

Nestle India Ltd.

11 Nov 2019

2420.30

-1.65%

Nestle India

Hold: Nestle India Ltd.

Target

ICICI Securities Limited

Growth momentum in domestic business remains robust Nestl India (NIL) continued to maintain its growth momentum during the quarter with strong YoY double digit growth of 10.5% in domestic business backed by aggressive new launches. The company has increased the pace of innovations (61 launches since 2016) out of which 40-45 have been successful, resulting in ~70% successful innovations with only 10% of total being product withdrawals. Contribution to sales from new launches has grown from 1.5% to 3.7% over the last three years. We believe aggressive...

Nestle India Ltd. has an average target of 2512.90 from 10 brokers.

Nestle India Ltd.

20 Aug 2019

2420.30

-1.65%

Event Update

Hold: Nestle India Ltd.

Prabhudas Lilladhar

a couple of years back. Milo is the largest MFD brand globally with sales exceeding USD2.5bn. Milo is the Global leader in malt-based drinks with over 36 million serves consumed daily in more than 50 countries. Milo mainly competes in the chocolate segment which has presence of players like Chocolate Horlicks, Bournvita, Boost and Complan. We believe that the launch is well timed given that Glaxo Consumer is in the process of being acquired by HUL and Complan is in integration process post...

Nestle India Ltd. has an average target of 2512.90 from 10 brokers.

Nestle India Ltd.

13 Aug 2019

2420.30

-1.65%

Analyst Meet Update

Hold: Nestle India Ltd.

Target

Prabhudas Lilladhar

Nestle's growth story is based on 4 growth pillars of 1) harnessing its cluster based strategy to go deeper and increase sales in interiors 2) increasing innovation and renovation 3) leveraging e-commerce and 4) exploiting the OOH opportunity. Nestle has 70% success rate in new launches in past 3 years (3.7% of sales) and posted double digit volume growth in tough environment, however sustaining the same seems a daunting task as 1) Maggi, although reached all-time high sales, its market share at 59.6% is far lower than 75%+ in pre-crisis level and value added variants have limited...

Nestle India Ltd. has an average target of 2512.90 from 10 brokers.

Nestle India Ltd.

12 Aug 2019

2420.30

-1.65%

Nestle India

Hold: Nestle India Ltd.

ICICI Securities Limited

NIL has achieved market leadership in 85% of portfolio. It continues to enjoy leadership position in instant noodles, & pasta, infant cereals, infant formula, tea creamer, white & wafers chocolates and instant coffee...

Nestle India Ltd. has an average target of 2512.90 from 10 brokers.

Nestle India Ltd.

10 Aug 2019

2420.30

-1.65%

Strengthening building blocks for long-term growth

Neutral: Nestle India Ltd.

Target

Motilal Oswal

The company has launched 61 products over the past three years with a remarkable success rate of 70% (v/s industry's success rate of 10%-15% for new launches). These products now contribute ~3.7% of sales. Notably, the timeline for new product...

Nestle India Ltd. is trading above all available SMAs

Nestle India Ltd.

05 Aug 2019

2420.30

-1.65%

Nestle India

Hold: Nestle India Ltd.

Recommendation Target

ICICI Securities Limited

Well-carved out plans to increase distribution network Out of around 9 million outlets in India, NIL had a distribution network of 5 million outlets three years ago. However, during the Maggi ban crisis, the company's distribution network reduced to around 3.5 million outlets. From there on, it has been a very strong rebound for Maggi noodles. It went on to regain leadership position in the category. Consequently, NIL as on today has access to around 4 million outlets of which the direct reach is around 1.3 million outlets or 33%. NIL has adopted a hyper-local model for...

Nestle India Ltd. is trading above all available SMAs

Is Nestle India Ltd. worth buying?

655 Votes:

Buy 71.15%

Sell 14.81%

Hold 14.05%

RESEARCH REPORTS

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