Stock Name : Nestle India Limited/Tips Open Buy : 18,720 Posted Date : Dec 23, 2020
Stopless/Horizon : 17784 Target : 21528     

Overview:Nestle India Ltd is a Large Cap company with market capital of Rs 1,77,308Crore engaged in the food business and it has presence in milk & nutrition, beverages, prepared dishes & cooking aids, chocolate & confectionery segments. With an established market position in most product categories, it is present in, Nestle India is a leading player in the Indian FMCG industry.

About the company:Nestle India is a subsidiary of Switzerland-based Nestle SA which holds a 62.76% stake in Nestle India and is one of the world’s largest players in the Food and Beverage sector.

Nestle India manufactures products under internationally famous brand names such as Nescafe, Maggi, Milkybar, Milo, Kit Kat, Bar-One, Milkmaid and Nestea and in recent years the Company has also introduced products of daily consumption and use such as Nestle Milk, Nestle Slim Milk, Nestle Dahi and Nestle Jeera Raita.

The company’s head office is located in Gurgaon, Haryana and they have four branch offices which are located in Delhi, Mumbai, Chennai and Kolkata. The company has 8 manufacturing facilities across the country.

In October 2020, Nestle India announced that they will invest Rs 2,600 crore in India over the next three to four years to boost their existing manufacturing capacities.

Management: The current Chairman & Managing Director is Mr. Suresh Narayanan and Mr B. Murli is the Secretary.

Shareholding Pattern (2020):
• Promoter: 62.8%
• MF: 4.8%
• FII: 11.5%
• Other Institutions: 4.1%
• Public: 16.8%

Dividend:Recently, Nestle India declared an Interim Dividendof 1350%amounting to Rs 135 per share(Record Date: 2nd November 2020). The company has a good dividend track report and declared 60 dividends since May 31, 2001.

Sales Report:For the recent quarter (30 September 2020), Nestle India posted a 1.4% year-on-year decline in its net profit at Rs 587 crore compared to Rs 595.3 crore in year-ago period. But on the quarter-on-quarter basis, the profit jumped 20.7% from Rs 486.6 crore in April-June quarter.

The company’s net sales rose 10.19% to Rs 3,525.41 crore in Q2 FY21 as against Rs 3,199.31 crore in the corresponding quarter of the last fiscal. The companyfollows January-December financial year.

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