What should be the investment strategy in this stock after Nestle’s first quarter results, know the opinion of brokerage houses

Nestle India On the first quarter of 2021, the company has made a profit of Rs 602.2 crore. Whereas the company was estimated to have a profit of Rs 600 crores in this quarter. At the same time, the company’s profit in the first quarter of 2020 was Rs 525.4 crore.

In percentage terms, the company’s profit in the first quarter has increased by 14.6 percent year-on-year and 8.6 percent year-on-year in revenue.

In the first quarter of the year 2021 (calendar year 2021), Nestle India’s income was Rs 3,610.8 crore. While it was estimated to be Rs 3,623 crore. Explain that the company’s revenue in the first quarter of the year 2020 was Rs 3,325.8 crore.

In the first quarter of 2021, Nestle India’s EBITDA has increased to Rs 929.8 crore from Rs 793.8 crore in the previous year. While it was estimated to be at Rs 901 crore.

In the first quarter of 2021, Nestle India’s EBITDA margin has increased to 25.8% from 23.9% in the previous year. Whereas it was estimated to be at 24.9 per cent.

The company has announced an interim dividend of Rs 25 per share for the shareholders.

After the first quarter results, let’s take a look at what brokerage houses have on Nestle.

YES Securities ने  Nestle Rating of ADD While giving a target of Rs 18,000. YES Securities says the company will benefit from expanding into the premium segment, new launches and increasing penetration in the rural sector.

Dolat Capital Accumulate Nestle’s rating While giving a target of 17,765. Due to the leadership in multiple categories, the company will see good growth in the business ahead and it will perform better than its peer company.

Sharekhan ने Nestle को Buy Rating has given a target of Rs 19,055. Sharekhan says Nestle is the largest food company in the country. The company has a very good brand portfolio, due to which it will get a good advantage in the time of shifting of consumers to the trusted brands. The company will also benefit from increased penetration in rural areas.

Keeping all these things in mind, the company’s earnings and profits are expected to grow by 13.6 per cent and 19.2 per cent year-on-year, respectively, in the period 2020-2022.

Prabhudas Lilladher ने Nestle को Accumulate Giving a rating, a target of Rs 18,450 has been given. Prabhudas Lilladher says that the company’s focus on rural and semi-urban areas will benefit from it. It is expected that the company will continue with its innovation-based growth strategy. The new launches of the company have been quite successful, further the company can launch 40-50 new products.

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