NESTLE Announces Quarterly Results (1QFY20); Net Profit Up 10.8%

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NESTLE Announces Quarterly Results (1QFY20); Net Profit Up 10.8%
Mon, 5 Aug

NESTLE has announced its results for the quarter ended June 2019. Here is a detailed performance review of the same:

NESTLE Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-18*
3
Mar-19*
3
Jun-19*
QoQ ChangeYoY Change
Net SalesRs m26,98430,03030,009-0.1%11.2%
Other incomeRs m602732726-0.8%20.5%
TurnoverRs m27,58630,76130,734-0.1%11.4%
ExpensesRs m20,53422,65323,0361.7%12.2%
Gross profitRs m6,4507,3776,973-5.5%8.1%
DepreciationRs m8177808083.7%-1.1%
InterestRs m283316299-5.3%5.9%
Profit before taxRs m5,9537,0136,592-6.0%10.7%
TaxRs m2,0032,3812,213-7.0%10.5%
Profit after taxRs m3,9504,6334,378-5.5%10.8%
Gross profit margin%23.924.623.2
Effective tax rate%33.633.933.6
Net profit margin%14.315.114.2
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster


Year-on-Year Performance:
  • The company's operating income during the quarter grew 11.2% on a year-on-year (YoY) basis. The expenses were up by 12.2% YoY during the same period.
  • The company's operating profit increased by 8.1% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 23.2% in 1QFY20 as against 23.9% in 1QFY19.
  • Depreciation charges declined by 1.1% and finance costs increased by 5.9% YoY, respectively.
  • Other income increased by 20.5% YoY during the quarter.
  • Net profit for the quarter increased by 10.8% YoY. Net profit margins during the quarter declined from 14.3% in 1QFY19 to 14.2% in 1QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 0.1% on a quarter-on-quarter (QoQ) basis. The expenses were up by 1.7% QoQ during the same period.
  • The company's operating profit declined by 5.5% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 23.2% in 1QFY20 as against 24.6% in 4QFY19.
  • Net profit for the quarter declined by 5.5% QoQ, while net profit margins declined from 15.1% in 4QFY19 to 14.2% in 1QFY20.

To see how NESTLE has performed over the last eight quarters,please visit here.

NESTLE Share Price Performance

Over the last one year,NESTLE share price has moved up from Rs 10,313.3 to Rs 11,709.2, registering a Gain of Rs 1,395.9 or around 13.5%.

Overall, the S&P BSE SENSEX is down 1.8% over the year.

Current Valuations

At the current price of Rs 11,709.2, the price to earnings (P/E) ratio of NESTLE stands at 66.8 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 30.7 times.

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