INSUBCONTINENT EXCLUSIVE:
Chandan Taparia of Motilal Oswal Securities has a buy call on Nestle India Ltd
with a target price of Rs 16300.0
The current price of Nestle India Ltd
Chandan Taparia recommended to keep a stoploss at Rs 15000
Nestle India Ltd., incorporated in the year 1959, is a Large Cap company (having a market cap of Rs 148878.88 Crore) operating in FMCG
key Products/Revenue Segments include Milk Products which contributed Rs 5187.63 Crore to Sales Value (45.93 % of Total Sales), Prepared
Dishes - Cooking aids which contributed Rs 3105.25 Crore to Sales Value (27.49 % of Total Sales), Beverages (Powdered) which contributed Rs
1522.61 Crore to Sales Value (13.48 % of Total Sales), Confectionery which contributed Rs 1400.74 Crore to Sales Value (12.40 % of Total
Sales), Export Incentives which contributed Rs 55.82 Crore to Sales Value (0.49 % of Total Sales), Other Operating Revenue which contributed
Rs 20.22 Crore to Sales Value (0.17 % of Total Sales)for the year ending 31-Dec-2018
For the quarter ended 30-09-2019, the company has reported a Standalone sales of Rs 3199.31 Crore, up 7.26 % from last quarter Sales of Rs
2982.83 Crore and up 9.49 % from last year same quarter Sales of Rs 2921.99 Crore Company has reported net profit after tax of Rs 595.41
The company’s top management includes Dr.Rakesh Mohan, Dr.Swati A Piramal, Mr.Martin Roemkens, Mr.Rajya Vardhan Kanoria, Mr.Shobinder
Duggal, Mr.Suresh Narayanan, Ms.Rama Bijapurkar, Ms.Roopa Kudva
LLP as its auditoRs As on 31-12-2019, the company has a total of 96,415,716 shares outstanding.