NESTLE Announces Quarterly Results (1QFY21); Net Profit Up 11.1%

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NESTLE Announces Quarterly Results (1QFY21); Net Profit Up 11.1%
Wed, 23 Sep

NESTLE has announced its results for the quarter ended June 2020. Here is a detailed performance review of the same:

NESTLE Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-19*
3
Mar-20*
3
Jun-20*
QoQ ChangeYoY Change
Net SalesRs m30,00933,25330,505-8.3%1.7%
Other incomeRs m726429379-11.5%-47.7%
TurnoverRs m30,73433,68130,884-8.3%0.5%
ExpensesRs m23,03625,32023,029-9.0%0.0%
Gross profitRs m6,9737,9337,476-5.8%7.2%
DepreciationRs m8089149241.2%14.4%
InterestRs m299410408-0.4%36.4%
Profit before taxRs m6,5927,0396,523-7.3%-1.0%
TaxRs m2,2131,7841,657-7.1%-25.1%
Profit after taxRs m4,3785,2544,866-7.4%11.1%
Gross profit margin%23.223.924.5
Effective tax rate%33.625.325.4
Net profit margin%14.215.615.8
* 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 1.7% on a year-on-year (YoY) basis. The expenses were down by 0.0% YoY during the same period.
  • The company's operating profit increased by 7.2% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 24.5% in 1QFY21 as against 23.2% in 1QFY20.
  • Depreciation charges increased by 14.4% and finance costs increased by 36.4% YoY, respectively.
  • Other income declined by 47.7% YoY during the quarter.
  • Net profit for the quarter increased by 11.1% YoY. Net profit margins during the quarter increased from 14.2% in 1QFY20 to 15.8% in 1QFY21.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 8.3% on a quarter-on-quarter (QoQ) basis. The expenses were down by 9.0% QoQ during the same period.
  • The company's operating profit declined by 5.8% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 24.5% in 1QFY21 as against 23.9% in 4QFY20.
  • Net profit for the quarter declined by 7.4% QoQ, while net profit margins increased from 15.6% in 4QFY20 to 15.8% in 1QFY21.

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

Important: One stock to add to your portfolio asap

NESTLE Share Price Performance

Over the last one year, NESTLE share price has moved up from Rs 13,669.9 to Rs 15,314.1, registering a Gain of Rs 1,644.2 or around 12.0%.

Overall, the S&P BSE SENSEX is down 4.4% over the year.

Current Valuations

At the current price of Rs 15,314.1, the price to earnings (P/E) ratio of NESTLE stands at 71.0 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 40.2 times.

Equitymaster requests your view! Post a comment on "NESTLE Announces Quarterly Results (1QFY21); Net Profit Up 11.1%". Click here!

1 Responses to "NESTLE Announces Quarterly Results (1QFY21); Net Profit Up 11.1%"

Psrmurthy

Oct 2, 2020

At current valuations can we hold NESTLE for a longer period.
Pl suggest.

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Equitymaster requests your view! Post a comment on "NESTLE Announces Quarterly Results (1QFY21); Net Profit Up 11.1%". Click here!

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