Nestle India share price

How will Nestle India share price react to the Q4FY22 earnings? What is the Nestle India share target price? What are analysts saying about the Nestle India ...

On results day, Nestle India share price was up almost 1%. Nestle India sales for the December 22 quarter came in at Rs 4,233 crores. Nestle India Q4FY22 results were released on 16th February.

FMCG major Nestle India on Thursday posted a 66% year-on-year (YoY) rise in net profit at Rs 628 crore for the fourth quarter ended December 2022.

We have an Accumulate rating on the stock with a TP of Rs 20201," it said. [Sensex](https://economictimes.indiatimes.com/indices/sensex_30_companies)and [Nifty](https://economictimes.indiatimes.com/indices/nifty_50_companies)Track [latest market news](https://economictimes.indiatimes.com/markets/stocks), [stock tips](https://economictimes.indiatimes.com/markets/stocks/recos)and [expert advice](https://economictimes.indiatimes.com/markets/expert-view)on [ETMarkets](https://economictimes.indiatimes.com/markets). The company has reported an EBITDA of Rs 973 crore for the fourth quarter ended December, higher by 14%, compared with Rs 851 crore reported in the same quarter of last year. We value the company at 55x Mar'25 EPS to arrive at our TP of Rs 19,875. We reiterate our Neutral rating on the stock," Motilal said. The Adani Group will seek to refinance about $1.2 billion worth of foreign-currency bonds ahead of maturity and prune discretionary capital expenditure, key finance executives at the conglomerate told investors during a conference call late Thursday. Morgan Stanley has an Underweight rating on Nestle India with a target price of Rs 15,315. At 10.07 am, the scrip was trading 2.3% lower at Rs 19,168 on BSE. "RM basket appears to stabilized post 3Q with margins higher than our/streets estimates in 4Q. The profit stood at Rs 379 crore in the corresponding quarter last year. The Board has recommended a final dividend of Rs 75 per equity share for the year 2022. Meanwhile, revenue from operations too jumped 14% YoY to Rs 4,257 crore for the reporting period.

Nestle India beat analysts' estimates with a year-on-year jump of 65.7 per cent in net profit for the quarter ended December 2022, sending strong signals to ...

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Nestle India Q4 results: Domestic sales of the maker of Maggi noodles and KitKat chocolates were up 13.9%

On its royalty, which comes for renewal in 2024, Narayanan said the 2,000 brands of Nestlé are owned by the company itself. So the large amount of capex is coming in the next two years.” It also recorded the highest-ever single-year growth in household penetration, and also closed the year with a highest-ever market share. We said the next two years we will double and then grow further in 2024. Fresh milk prices continue to remain firm due to lumpy skin disease in the second half of 2022 and rise in feed costs to farmers, it said. The company saw strong growth in prepared dishes and cooking aids segment. Edible oil too was at a 10-year high and moderated towards the last quarter. On the company’s expansion plans, Nestlé India’s chief financial officer, David Steven McDaniel said during the call that the next two years will see the company’s capex spends peaking. Out-of-home (OOH) business made a strong comeback in 2022, recovering its pre-Covid base and delivering robust growth by revamping, resetting geography, channel and sales priority,” he said. [Kitkat](/topic/kitkat) and Munch. [KitKat](/topic/kitkat) chocolates were up 13.9 per cent at Rs 4,061.8 crore in the quarter. In 2021, rurban footprint grew 15 per cent.

FMCG major Nestle India Ltd on Thursday reported a 65.50 per cent increase in net profit at Rs 628.06 crore for the fourth quarter ended December 31, 2022.

"Edible oil too was at a 10-year high and moderated towards the last quarter. Domestic Sales growth is broad-based with a healthy balance between pricing and volume," Nestle India said, adding "Our robust performance on e-commerce continued, fuelled by Quick Commerce and Click & Mortar." Its exports were up 17.07 per cent to Rs 171.42 crore, as against Rs 146.42 crore in the corresponding quarter a year ago. Nestle India's domestic sales were up 13.82 per cent to Rs 4,061.85 crore, as against Rs 3,568.44 crore in the October-December quarter of 2021. Meanwhile, in a separate filing, Nestle India said its board in a meeting held on Thursday recommended a final dividend for the year 2022 of Rs 75 per equity share of Rs 10 each. Similarly, Nestle India's sales were 14.48 per cent higher to Rs 16,789.53 crore in 2022. "Total Sales and Domestic Sales for the year increased by 14.5 per cent and 14.8 per cent respectively. Its total expenses in the October-December quarter were at Rs 3,427.27 crore, up 12.78 per cent, as against Rs 3,038.84 crore in the corresponding period. The total income of Nestle India was Rs 4,286.34 crore in the October-December quarter. For the year ended December 31, 2022, Nestle India's net profit was up 12.84 per cent at 2,390.52 crore. Nestle India's net sales rose 13.95 per cent to Rs 4,233.27 crore during the period under review, as against Rs 3,714.86 crore in the corresponding period last fiscal, the company said. FMCG major Nestle India Ltd on Thursday reported a 65.50 per cent increase in net profit at Rs 628.06 crore for the fourth quarter ended December 31, 2022.

Nestle India on February 16 reported a net profit of ₹628 crore for the fourth quarter of the year 2022 (Q4CY22), up 66 percent YoY.

Brokerage firm Nuvama Wealth Management also maintained a ‘buy’ call on the stock with a target price of ₹23,435. We value the company at 55 times Mar'25 EPS to arrive at our target price of ₹19,875. We reiterate our 'neutral' rating on the stock," said Motilal Oswal. "The focus on innovation, launches, market share and premiumisation will likely boost volume-led growth. On the other hand, Motilal Oswal Financial Services has maintained a 'neutral' call on the stock with a target price of ₹19,875. Shares of Nestle India ended 1.95 percent higher on February 16. Brokerage firm Prabhudas Lilladher has an 'accumulate' call on the stock with a target price of ₹21,021. It was ₹379 crore in the year-ago period. Kotak Institutional Equities has an 'add' call on the stock with a target price of ₹20,700. Axis Securities also maintained a ‘buy’ call on the stock with a target price of ₹22,000, valuing the company at 65 times year 2024 EPS. Brokerage firm Phillip Capital maintained a 'buy' call on the stock with a target price of ₹22,000, implying a 12 percent potential upside. "Nestle offers a safe harbour in this VUCA world with earnings resilience (nearly 14 percent earnings per share CAGR over the calendar years 2022-25) on a high share of essential products (more than 80 percent), aggression in the innovation of existing categories, new product development, and increasing its depth of distribution network, particularly in rural areas," said Phillip Capital.

Nestle India beat analysts' estimates with a year-on-year jump of 65.7 per cent in net profit for the quarter ended December 2022, sending strong signals to ...

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